There are currently 18,939 real estate properties in Bloomfield Hills, MI, with a median automated valuation model (AVM) price of $642,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bloomfield Hills, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bloomfield Hills, MI, is $838,815.00, with the most expensive house in Bloomfield Hills, MI, topping out at $9,932,200.00 and the cheapest home in Bloomfield Hills, MI, clocking in at $88,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Bloomfield Hills, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomfield Hills, MI, is on a rollercoaster ride. The average rent price in Bloomfield Hills, MI, is $2,662.00. Indeed, when looking to rent in Bloomfield Hills, MI, you can expect to pay as little as $800.00 or as much as $4,300.00, with the average rent median estimated to be $2,620.00. The good news is that finding an affordable and desirable property to rent in Bloomfield Hills, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Bloomfield Hills, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Bloomfield Hills, MI and much more. Save thousands at closing with home foreclosure listings in Bloomfield Hills, MI — up to 75% off market value!
Bloomfield Hills is located in Oakland, Michigan, with an estimated municipal population of 3,997 residents. All of the best foreclosed homes for sale in Bloomfield Hills are located in the following zip code areas on Foreclosure.com: 48304 48303. The estimated population per square kilometer (.62 miles) in Bloomfield Hills is 311.
So, about how much do homes cost in Bloomfield Hills? The most recent median value of resident-owned homes in Bloomfield Hills is 855,228. An estimated 91.8 percent of households in Bloomfield Hills own their homes, with an average family size of 3.29. The median household income in Bloomfield Hills is 178,894, with77.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bloomfield Hills, the median commute time of resident workers (in minutes) is 21.3. And last, but certainly not least, are you looking for homes to rent in Bloomfield Hills? If so, the average rent price paid by renters in Bloomfield Hills is 1,527, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bloomfield Hills, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Bloomfield Hills is 51, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Bloomfield Hills is 55.7, with an average family size of 3.29.
The percentage of residents who report their race in Bloomfield Hills is as follows:
|Black / African American||3.6%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Bloomfield Hills? Or maybe you are searching for 55+ active adult communities in and/or near Bloomfield Hills?
The percentage of residents who report their age in Bloomfield Hills is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bloomfield Hills with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bloomfield Hills.
How do you know that living in -- or moving to -- Bloomfield Hills is right where you need to be? Perhaps you grew up in Bloomfield Hills or already live nearby; therefore, the decision to buy a home in Bloomfield Hills is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bloomfield Hills for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bloomfield Hills:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bloomfield Hills.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bloomfield Hills can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bloomfield Hills, meanwhile, can field multiple offers from more qualified buyers.
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