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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bridgeport, CT Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bridgeport, CT Housing Market Trends

With 148,377 people, 52,914 houses or apartments, and a median cost of homes of $296,317, 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 35.22% of the city's housing units. Other types of housing that are prevalent in Bridgeport include large apartment complexes or high rise apartments ( 29.37%), single-family detached homes ( 26.88%), and a few row houses and other attached homes ( 8.32%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and 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.

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 37.51% of the city's housing hails from this era. Other housing ages represented in Bridgeport include homes built before 1939 ( 36.86%) and housing constructed between 1970-1999 ( 21.22%). There's also some housing in Bridgeport built between 2000 and later ( 4.41%).

Bridgeport Home Appreciation Rates

Appreciation rates for homes in Bridgeport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.22%, which ranks in the top 40% nationwide. This equates to an annual average Bridgeport house appreciation rate of 7.03%.

NeighborhoodScout's data show that during the latest twelve months, Bridgeport's appreciation rate, at 3.56%, has been at or slightly above the national average. In the latest quarter, Bridgeport's appreciation rate has been 5.73%, which annualizes to a rate of 24.99%.

Importantly, this makes Bridgeport one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Connecticut, our data show that Bridgeport's latest annual appreciation rate is lower than 90% 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

$296,317

Bridgeport, CT Home Prices
> $1,501,000
$1,126,001 - $1,501,000
$751,001 - $1,126,000
$600,001 - $751,000
$451,001 - $600,000
$300,001 - $451,000
$150,001 - $300,000
$75,001 - $150,000
$0 - $75,000
0.8%
0.8%
0.3%
0.3%
1.1%
1.1%
1.7%
1.7%
12.9%
12.9%
30.4%
30.4%
38.2%
38.2%
8.8%
8.8%
5.8%
5.8%
0% 100.0%
% of Homes
Very Low

for Connecticut

High

for nation

Number of Homes And Apartments:

52,914

Bridgeport Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,587 / per month

Homeownership Rate

Owners
Renters
Vacant
41.4%
41.4%
58.6%
58.6%
9.7%
9.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.4%
4.4%
21.2%
21.2%
37.5%
37.5%
36.9%
36.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
26.9%
26.9%
8.3%
8.3%
35.2%
35.2%
29.4%
29.4%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.7%
3.7%
18.8%
18.8%
36.6%
36.6%
29.1%
29.1%
8.8%
8.8%
3.0%
3.0%
0% 100.0%
% of Homes