Bridgeport appreciation rates and housing market information

Bridgeport housing market information

With 139,529 people, 54,367 houses or apartments, and a median cost of homes of $217,786, Bridgeport real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Bridgeport homes are still considered rather expensive.

duplexes, homes converted to apartments, or other small apartment buildings are the single most common housing type in Bridgeport, accounting for 38.27% of the town's housing units. Other types of housing that are prevalent in Bridgeport include large apartment complexes or high rise apartments (28.55%), single-family detached homes (25.23%), and a few row houses and other attached homes (7.87%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Bridgeport primarily live in small (one, two, or no bedroom) units, chiefly found in duplexes, homes converted to apartments, or other small apartment buildings. Bridgeport has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bridgeport's housing was primarily built during this period, from the '40s through the '60s. A full 47.41% of the town's housing hails from this era. Other housing ages represented in Bridgeport include homes built between 1939 and earlier (30.64%), and housing constructed from 1970-1994 (19.82%). There's also some housing in Bridgeport built between 1995 and later (2.13%).

Bridgeport home appreciation rates

Bridgeport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bridgeport during the period has been just 5.22%, which is lower than % of US communities.

Over the last year, Bridgeport appreciation rates have trailed the rest of the nation. In the last twelve months, Bridgeport's appreciation rate has been -9.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bridgeport were at -0.77%, which equates to an annual appreciation rate of -3.08%.

Notably, Bridgeport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Bridgeport's latest annual appreciation rate is higher than 1% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bridgeport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bridgeport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Bridgeport real estate investment or home purchase decisions.