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Bridgeport real estate market overview
- Average Monthly Rent: $1,391
- Home Price/Value Percentage Change: 8.00%
- Median Home Value: $290,465
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 52
- Job Market: Weak
- Public School Ranking: 2
Location and weather
Bridgeport is located in Fairfield County, and is the most populated city in Connecticut. It's in the southwest region of the state, and lies at the mouth of the Pequonnock River. It is home to two harbors as well; the Bridgeport Harbor and the Black Port Harbor. Thanks to the Amtrak and Metro-north commuter trains, transportation into New York city is easily accessible for those who are employed there. The ferry service, that runs from Bridgeport into Long Island, even offers vehicle transportation. One of the more popular areas of the city is Downtown Bridgeport, where residents and visitors alike enjoy festivals, shows at the Bijou Theatre or Downtown Cabaret Theatre, and a variety of fine dining options.
Bridgeport even has something for the sports fans out there, as it's home to the Bridgeport Harbor Yard sports complex. This venue hosts games for the Bridgeport Bluefish, Bridgeport Sound Tigers, Fairfield University Stags, and the Bridgeport Knights. For those visiting the city for the first time, spend a day at Seaside Park, see the animals at Beardsley Zoo, have a drink at Fifth State Distillery, or take the kids to Discovery Museum.
The weather in this city consists of comfortable summers, and wet, windy winters. Summer temperatures reach highs in the 80's and lows in the 50's. Winter temperatures reach highs in the 40's and drop to lows in the mid 20's.
Population, job market and cost of living
The population in Bridgeport is 149,980.
The job growth here has decreased by -7.51% over the last year but in ten years, is predicted to have increased by 21.9%. Several substantial industries here include manufacturing and trade, personal, business and health services, as well as wholesale and retail trade. Considerable companies to work for are Laurel Road, People's United Bank, AffinEco, St. Vincent Medical Center and Trefz Corporation.
The cost of living in Bridgeport is slightly higher than the the US average. This makes Bridgeport a more expensive place to live. Aside from higher living costs, the amenities Bridgeport offers deem its cost to be worthy. Close proximity to New York City, public transportation, and its sports culture make it one of the best places to live in Connecticut.
Bridgeport real estate market details
- North End
- Black Rock
- North Bridgeport
- Brooklawn
- Beardsley Park - Treeland
The average monthly rent in Bridgeport is $1,391 for an average apartment size of 728 sq. feet.
There has been an 8% increase in median home value over the last year. As of 2023, the median home value is $290,465.
On average, homes in Bridgeport sell after 52 days on the market.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in July.
The affordability index in Bridgeport is 114. This number indicates moderate affordability in this city.
The top ranked public schools are Aerospace / Hydrospace Engineering and Physical Science Magnet Elementary School, Multicultural Magnet School, Information Technology & Software Engineering Magnet High School, Six-six Magnet School and Biotechnology Research & Zoological Studies Magnet School. This information is based on data measuring academic performance and equity.