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Bloomfield Hills, MI Real Estate


According to census data in the year 2000 there were 1,628 housing units in Bloomfield Hills. This represents a 1% decline from 1,645 in 1990.

Of those housing units, 1,628 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Bloomfield Hills is about 91.1%. Bloomfield Hills's vacancy rate, including seasonal lodging, is about 6.6%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Bloomfield Hills were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.70%
Two Bedrooms16%
Three Bedrooms24.90%
Four Bedrooms35.80%
Five Bedrooms or more21.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1969
Median Value of occupied units$854,000
Median Price asked for vacant units$1,000,001

Rented Homes, Apartments and Condos

Average Household Size1.56
Median year structure was built1953

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.70%
Home Equity Loan10.20%
Simple Mortgage47%
Debt Free39.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%