ZIP Code 48302 — Bloomfield Hills, MI Home Prices (2026)
The typical home in ZIP 48302 (Bloomfield Hills, Michigan) is worth about $743,000 at roughly $292 per square foot — about the same as the Bloomfield Hills median and 153% more expensive than the typical U.S. home.
How 48302 compares
ZIP 48302 is a mid-priced ZIP code for Bloomfield Hills: its typical home value of $743,000 ranks #2 of the 3 Bloomfield Hills ZIP codes we track (the citywide range runs from $552,000 in 48304 to $797,000 in 48301). Per square foot it costs about $292, against $292 for Bloomfield Hills as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48302 | $743,000 | $292 |
| Bloomfield Hills, MI | $743,000 | $292 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48302
Using this ZIP’s rate of about $292 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $292,000 |
| 1,500 sq ft | $438,000 |
| 2,000 sq ft | $584,000 |
| 2,500 sq ft | $730,000 |
| 3,000 sq ft | $876,000 |
Salary needed to buy a home in ZIP 48302
To buy the typical $743,000 home in ZIP 48302 with 20% down, you need a household income of roughly $202,000 a year (about $4,720 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $240,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $37,200 | $5,860/mo | $251,000/yr |
| 10% (+PMI) | $74,300 | $5,600/mo | $240,000/yr |
| 20% | $148,600 | $4,720/mo | $202,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48302
At about $292 per square foot, here is roughly how much home different budgets get you in ZIP 48302:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $400k | 1370 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1710 sq ft | below the local median — condos, smaller or older homes |
| $600k | 2050 sq ft | around the typical home here |
| $750k | 2570 sq ft | around the typical home here |
| $1.00M | 3420 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48302 home.
Estimate a specific home in 48302
The estimator below is pre-set to ZIP 48302 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Bloomfield Hills ZIP codes by home value
Where 48302 sits among Bloomfield Hills’s 3 ZIP codes:
ZIP 48302 home prices: frequently asked
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See the full Bloomfield Hills home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.