Bridgeport appreciation rates and housing market information

Bridgeport housing market information

With 7,312 people, 3,140 houses or apartments, and a median cost of homes of $200,575, Bridgeport real estate is some of the most expensive in West Virginia, although Bridgeport home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Bridgeport, accounting for 85.32% of the city's housing units. Other types of housing that are prevalent in Bridgeport include duplexes, homes converted to apartments, or other small apartment buildings (6.75%), large apartment complexes or high rise apartments (5.22%), mobile homes or trailers (1.43%), and a few row houses and other attached homes (1.27%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Bridgeport. Owner-occupied housing accounts for 77.32% of Bridgeport's homes, and 71.02% have either three or four bedrooms, which is average sized relative to America.

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 43.28% of the city's housing hails from this era. Other housing ages represented in Bridgeport include homes built between 1970-1994 (40.70%), and housing constructed from 1939 and earlier (9.84%). There's also some housing in Bridgeport built between 1995 and later (6.18%).

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 5.90%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bridgeport home appreciation rates, at 1.15%, have been at or slightly above the national average. In the latest quarter, Bridgeport's appreciation rate has been 1.04%, which annualizes to a rate of 4.16%.

Relative to West Virginia, our data show that Bridgeport's latest annual appreciation rate is higher than 47% of the other cities and towns in West Virginia.