The story of this market
The typical home in ZIP 48304 sells for about $496,000, or $215 per square foot.
Prices are up +5.5% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,468 a month.
ZIP 48304 — Bloomfield Hills
The 48304 housing market remains a seller-favored environment with low inventory and steady price appreciation. While sales volume has moderated compared to previous years, demand for high-end residential properties remains resilient. Some figures, such as specific tax history and detailed permit data, were not available at the ZIP level.
This ZIP is ideal for affluent families and professionals seeking established, spacious residential neighborhoods with high-quality schools and proximity to major employment hubs.
Median prices moved up 5.5% year over year.
Homes spend a median of 49 days on market with 1.1 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 2.9% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 48304, Oakland County MI
The area is served by highly-rated public school districts, including Bloomfield Hills Schools, which are consistently recognized for academic excellence.
The area benefits from proximity to major corporate headquarters and professional service hubs in the Detroit metro area, maintaining stable economic momentum.
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.
Residents primarily commute by car to employment centers in Troy, Birmingham, and downtown Detroit via major corridors like I-75 and M-1.
The area features numerous parks, golf courses, and nature preserves, including the Bloomfield Hills Country Club and various local trail systems.
The rental market is characterized by a mix of long-term single-family rentals and limited short-term rental activity, with stable demand.
The local economy is anchored by professional services, automotive engineering, and corporate management, benefiting from the broader Oakland County economic base.
The area is primarily auto-dependent with access to major regional highway arteries; public transit options are limited.
Development is primarily focused on high-end residential infill and luxury estate renovations.
Oakland County Equalization Department oversees property assessments, which are subject to state-mandated caps on taxable value increases.
Parcels are subject to local school district taxes and county-wide millages for public services.
Property insurance premiums are generally stable, though coverage for high-value estates requires specialized policies.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- C.J. Barrymore's4.417.9 mi
- Dave & Buster's Livonia413.9 mi
- Dave & Buster's Utica4.112.2 mi
- Round1 Bowling & Arcade - Auburn Hills4.19.1 mi
- Urban Air Trampoline and Adventure Park4.212.2 mi
- Little Caesars Arena4.618.8 mi
- Comerica Park4.719.1 mi
- Ford Field4.619.1 mi
- Pine Knob Music Theatre4.613.4 mi
- Huntington Place4.519.8 mi
- Detroit Zoo4.58.3 mi
- Emagine Royal Oak4.37.8 mi
- SEA LIFE Michigan Aquarium4.39.2 mi
- Stony Creek Metropark4.712.6 mi
- MJR Troy Cinema4.45.2 mi
- Henry Ford Museum of American Innovation4.818.9 mi
- Detroit Institute of Arts4.817.5 mi
- Greenfield Village4.818.8 mi
- Michigan Central4.819 mi
- Motown Museum4.716.6 mi
- Stony Creek Metropark4.712.6 mi
- Glenlore Trails4.512 mi
- Dodge Park4.711.7 mi
- Innovation Hills4.75.7 mi
- Cranbrook House & Gardens4.80.6 mi
- Topgolf4.28.9 mi
- On The Dunes Sports4.210.3 mi
- Fieldstone Golf Club3.97.7 mi
- Farmington Hills Golf Club4.211.2 mi
- Rackham Golf Course3.88 mi
- Great Lakes Crossing Outlets4.59.2 mi
- Somerset Collection4.63.1 mi
- Oakland Mall4.17.1 mi
- Meijer411 mi
- Meijer4.24 mi
- Detroit Metropolitan Wayne County Airport4.325.8 mi
- Windsor International Airport4.225.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A premier private golf club serving the local community.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).