Median home value: $640K (+4.8% YoY). Rent: $2,699/mo. Price-to-rent: 19.8x. Part of Detroit-Warren-Dearborn, MI.
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Home Value$640,065
+4.8%
Rent$2,699/mo
AFFORDABILITYRenting $1,326/mo cheaper ($2,699 rent)6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Bloomfield Hills.
$128,013 on $640,065
Out of reach — 64.4% of income
Need $172,500/yr to afford.
PITI$4,025
P/I64.4%
Afford$278K
Gap-$362K
P&I $3,070Tax $821Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing