Bridgeport, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bridgeport Neighborhoods Since 2000




Bridgeport, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bridgeport Housing Market Information

With 147,629 people, 50,367 houses or apartments, and a median cost of homes of $180,470, 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 39.30% of the city's housing units. Other types of housing that are prevalent in Bridgeport include large apartment complexes or high rise apartments ( 27.95%), single-family detached homes ( 25.38%), and a few row houses and other attached homes ( 7.26%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

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.

The housing in Bridgeport was primarily built before 1939 ( 38.81%), making the housing stock in Bridgeport some of the oldest overall in America, although there is a range of ages of homes in Bridgeport. The next most important housing age is between 1940-1969 ( 38.22%), followed by between 1970-1999 ( 19.68%). There's also some housing in Bridgeport built between 2000 and later ( 3.28%).

Vacant housing appears to be an issue in Bridgeport. Fully 12.99% of the housing stock is classified as vacant. Left unchecked, vacant Bridgeport homes and apartments can be a drag on the real estate market, holding Bridgeport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bridgeport Home Appreciation Rates

Homes have actually lost value in Bridgeport over the last then years, as home values have seen a decline of 31.95% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bridgeport home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

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 0.89%, 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 -1.81%, which equates to an annual appreciation rate of -7.04%.

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 60% 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 city. 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 2000, to assist you in making the best Bridgeport real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$180,470

Bridgeport, CT HOME PRICES

Value Range
> $1,038,000 1.0
$779,001 - $1,038,000 0.6
$519,001 - $779,000 0.4
$416,001 - $519,000 1.7
$312,001 - $416,000 6.2
$208,001 - $312,000 23.5
$104,001 - $208,000 48.6
$52,001 - $104,000 12.1
$0 - $52,000 5.9

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
37.9467947966717 91.7159763313609

Number Of Homes And Apartments:
50,367

Bridgeport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
27.55% 1.42% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,380 / per month

Homeownership Rate

Homeownership
Owners 40.10
Renters 59.90
Vacant 12.99

Housing Market Details

 

Age of Homes

AGE OF Bridgeport HOMES
2000 or Newer 3.3
1970 - 1999 19.7
1940 - 1969 38.2
1939 or Older 38.8

Types of Homes

TYPE OF Bridgeport HOMES
Single-Family 25.4
Townhomes 7.3
Small Apt. Buildings 39.3
Apt. Complexes 28.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bridgeport HOMES
No Bedroom 4.32
1 Bedroom 18.10
2 Bedrooms 35.62
3 Bedrooms 31.31
4 Bedrooms 8.14
5 or more bedrooms 2.52