How much do homeowners pay a month in Bloomfield Hills, MI?
Homeowners with a mortgage in Bloomfield Hills, MI pay a median of $4,000 or more a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,500 or more.
51.5% of owned homes carry a mortgage.
Figures last updated on .
- With a mortgage
- $4,000 or more
- Without a mortgage
- $1,500 or more
- Owned with a mortgage
- 51.5%
Monthly owner costs in Bloomfield Hills
| Bloomfield Hills | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $4,000 or more | $1,998 (±$17) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $1,500 or more | $778 (±$8) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 51.5% (±9.3 points) | 64.5% (±0.5 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $4,371 (±$39) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
How owner costs in Bloomfield Hills have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $860,800 (±$47,993) | $947,900 (±$98,767) | +10.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Bloomfield Hills
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Bloomfield Hills | — | $4,000 or more | — |
| Bloomfield Charter Township | 1.4 mi | $3,131 (±$152) | — |
| Birmingham | 2.9 mi | $3,461 (±$241) | — |
| Beverly Hills | 4.1 mi | $2,752 (±$136) | — |
| Southfield Township | 4.3 mi | $2,850 (±$118) | — |
| Bingham Farms | 4.7 mi | $3,440 (±$612) | — |
| Sylvan Lake | 5.1 mi | $2,229 (±$305) | — |
| Pontiac | 5.1 mi | $1,223 (±$48) | — |
| Troy | 5.1 mi | $2,208 (±$67) | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Oakland County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 (tie) | Bloomfield Hills | $4,000 or more |
| 1 (tie) | Lake Angelus | $4,000 or more |
| 3 | Birmingham | $3,461 (±$241) |
| 4 | Orchard Lake Village | $3,422 (±$397) |
| 5 | Bloomfield Charter Township | $3,131 (±$152) |
| 6 | Southfield Township | $2,850 (±$118) |
| 7 | Oakland Charter Township | $2,727 (±$124) |
Showing 7 of 50 places in Oakland County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Bloomfield Hills
What is the average mortgage payment in Bloomfield Hills?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Bloomfield Hills, MI is $4,000 or more a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Bloomfield Hills?
Owners without a mortgage in Bloomfield Hills pay a median of $1,500 or more a month in taxes, insurance, utilities and fees.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bloomfield Hills city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Bloomfield Hills city, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Bloomfield Hills city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Bloomfield Hills city, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Bloomfield Hills city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bloomfield Hills city, Michigan (place:09180, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Bloomfield Hills
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- Income and affordability in Bloomfield Hills
- Home values in Bloomfield Hills
- Property taxes in Bloomfield Hills
- Types of homes in Bloomfield Hills
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- Age of homes in Bloomfield Hills
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- Crime reported to police in Bloomfield Hills
- Population growth in Bloomfield Hills
- How long people stay in Bloomfield Hills
- Fair Market Rent in Bloomfield Hills
- Michigan landlord and tenant rules
- Housing across Oakland County
- Housing data for every place in Michigan