Bridgeport CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Bridgeport Housing Market Information

With 144,900 people, 50,547 houses or apartments, and a median cost of homes of $205,478, 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 39.28% of the city's housing units. Other types of housing that are prevalent in Bridgeport include large apartment complexes or high rise apartments ( 29.42%), single-family detached homes ( 25.58%), and a few row houses and other attached homes ( 5.70%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities 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.

The housing in Bridgeport was primarily built before 1939 ( 41.50%), 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 ( 35.87%), followed by between 1970-1999 ( 18.74%). There's also some housing in Bridgeport built between 2000 and later ( 3.89%).

Vacant housing appears to be an issue in Bridgeport. Fully 13.40% 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

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 1.44%, which is lower than 70% 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 1.26%, 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 0.97%, which equates to an annual appreciation rate of 3.93%.

Relative to Connecticut, our data show that Bridgeport's latest annual appreciation rate is lower than 80% 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:
$205,478

Bridgeport, CT HOME PRICES

Value Range
> $1,172,000 0.7
$879,001 - $1,172,000 0.4
$586,001 - $879,000 0.6
$468,001 - $586,000 1.0
$351,001 - $468,000 6.5
$234,001 - $351,000 27.1
$117,001 - $234,000 47.1
$59,001 - $117,000 11.6
$0 - $59,000 4.8

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
39.7722627737226 91.1242603550296

Number Of Homes And Apartments:
50,547

Bridgeport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
51.56% 2.05%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,566 / per month

Homeownership Rate

Homeownership
Owners 40.41
Renters 59.59
Vacant 13.40

Housing Market Details

 

Age of Homes

AGE OF Bridgeport HOMES
2000 or Newer 3.9
1970 - 1999 18.7
1940 - 1969 35.9
1939 or Older 41.5

Types of Homes

TYPE OF Bridgeport HOMES
Single-Family 25.6
Townhomes 5.7
Small Apt. Buildings 39.3
Apt. Complexes 29.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bridgeport HOMES
No Bedroom 3.58
1 Bedroom 18.36
2 Bedrooms 36.75
3 Bedrooms 30.04
4 Bedrooms 8.54
5 or more bedrooms 2.73