The story of this market
The typical home in Bloomfield Hills, Michigan sells for about $1,999,000, or $400 per square foot.
Prices are down 12.68% from a year ago, which gives buyers more room to negotiate. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $2,100 a month.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Bloomfield Hills, Michigan
Bloomfield Hills remains a highly exclusive, stable residential market characterized by high property values and low inventory. While year-over-year price metrics show a correction, the market is supported by strong demand for its quiet, estate-style living. The city's limited housing supply and high barrier to entry continue to drive its status as a premier residential enclave.
No ARED county foreclosure postings attributed to Bloomfield Hills yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved down 12.7% year over year.
Homes spend a median of 37 days on market with 4.8 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 3.0% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
An internationally renowned campus featuring the Cranbrook Institute of Science and Art, providing significant cultural value and prestige to the city.
An exclusive, high-end golf and social club that serves as a primary anchor for the city's social life and property prestige.
A historic equestrian and social facility that reinforces the city's traditional, estate-focused lifestyle.
Bloomfield Hills is best suited for affluent family buyers and executives seeking privacy, large wooded lots, and a quiet, traditional residential environment. It is less appropriate for renters or those seeking high-density urban amenities, as the city is defined by its exclusive, low-density character.
The city is served by the highly regarded Bloomfield Hills Schools district, which is known for its rigorous academic standards and extensive extracurricular offerings. The district consistently ranks among the top in Michigan, attracting families who prioritize high-quality public education.
The city is primarily car-dependent, with major transit corridors like Woodward Avenue providing access to the broader Detroit metropolitan area. Infrastructure is maintained to support the quiet, low-traffic nature of the residential streets.
The city offers an exclusive amenity base centered on private clubs and cultural institutions, including the Bloomfield Hills Country Club and the Bloomfield Open Hunt Club. Residents also benefit from the proximity to the Cranbrook Educational Community, which provides extensive gardens, museums, and cultural programming.
The rental market in Bloomfield Hills is limited, as the city is predominantly composed of owner-occupied, single-family estates. Vacancy pressure is low due to the high barrier to entry and the preference for long-term residency among the affluent population.
The local economy is primarily residential and service-oriented, with many residents holding executive or high-profile professional positions. The city functions as an affluent bedroom community with minimal commercial industrial activity.
Economic momentum in Bloomfield Hills is driven by its status as an affluent residential enclave rather than industrial expansion. Development is strictly managed to preserve the city's quiet, wooded character, with infrastructure improvements focused on maintaining the existing high-end residential aesthetic.
Development is highly restricted and focused on the preservation of existing residential estates. There are no major high-density commercial or residential projects currently altering the city's landscape.
Parcels are subject to standard Oakland County and Bloomfield Hills school district assessments, with no significant MUD or PID districts reported.
Bloomfield Hills is widely recognized for its high level of safety and low crime rates, consistently ranking as one of the safest communities in the region. The city maintains a quiet, residential character with minimal public safety incidents compared to broader metropolitan trends.
The city faces minimal natural hazard risks, with no significant exposure to wildfire or major flood zones. The primary insurance considerations are standard for the region, focusing on wind and storm-related coverage for the area's mature, wooded residential lots.
Property insurance markets remain stable, with premiums reflecting the high value of the city's residential housing stock and low hazard exposure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau profile for Bloomfield Hills city, Michigan.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.