Bridgeport, WV 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Bridgeport, WV Housing Market Trends

With 8,842 people, 3,450 houses or apartments, and a median cost of homes of $267,560, 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 75.28% of the city's housing units. Other types of housing that are prevalent in Bridgeport include large apartment complexes or high rise apartments ( 9.96%), row houses and other attached homes ( 7.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bridgeport. Owner-occupied housing accounts for 75.15% of Bridgeport's homes, and 64.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bridgeport built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bridgeport built between 1940-1969 ( 36.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.14%). There's also some housing in Bridgeport built before 1939 ( 7.36%).

Vacant housing appears to be an issue in Bridgeport. Fully 12.08% 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

Real estate appreciation rates in Bridgeport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.15% during the period.

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 6.61%, 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 2.14%, which equates to an annual appreciation rate of 8.83%.

Relative to West Virginia, our data show that Bridgeport's latest annual appreciation rate is higher than 60% of the other cities and towns in West Virginia.

Average Home Values

 

Median Home Value:
$267,560

Bridgeport, WV HOME PRICES

> $1,166,000
0.0%
0.0%
$875,001 - $1,166,000
0.4%
0.4%
$583,001 - $875,000
2.6%
2.6%
$466,001 - $583,000
5.7%
5.7%
$350,001 - $466,000
16.0%
16.0%
$233,001 - $350,000
29.0%
29.0%
$117,001 - $233,000
38.3%
38.3%
$58,001 - $117,000
4.0%
4.0%
$0 - $58,000
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for WV

Value Relative To Nation

Number Of Homes And Apartments:
3,450

Bridgeport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
105.42% 3.41%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,377 / per month

Homeownership Rate

Owners
75.1%
75.1%
Renters
24.9%
24.9%
Vacant
12.1%
12.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.1%
18.1%
1970 - 1999
37.8%
37.8%
1940 - 1969
36.6%
36.6%
1939 or Older
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.3%
75.3%
Townhomes
7.5%
7.5%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
10.0%
10.0%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
3.8%
3.8%
2 Bedrooms
23.4%
23.4%
3 Bedrooms
46.4%
46.4%
4 Bedrooms
18.6%
18.6%
5 or more bedrooms
6.5%
6.5%
0.0% 100.0%
% OF HOMES