There are currently 22,879 real estate properties in West Bloomfield, MI, with a median automated valuation model (AVM) price of $381,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in West Bloomfield, 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 West Bloomfield, MI, is $429,829.00, with the most expensive house in West Bloomfield, MI, topping out at $5,319,200.00 and the cheapest home in West Bloomfield, MI, clocking in at $87,700.00. In other words, there’s something for every potential homebuyer or savvy investor in West Bloomfield, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in West Bloomfield, MI, is on a rollercoaster ride. The average rent price in West Bloomfield, MI, is $2,389.00. Indeed, when looking to rent in West Bloomfield, MI, you can expect to pay as little as $730.00 or as much as $4,300.00, with the average rent median estimated to be $2,340.00. The good news is that finding an affordable and desirable property to rent in West Bloomfield, 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.