Bridgeport First-Time Homebuyer Report for October

Bridgeport is a city in Connecticut that has seen a 2.9% increase in population over the last 10 years. Despite only being ranked 46th for growth, it's the most populated city with 144,229 residents. Bridgeport is made up of homes that are considered older than most with a median of 58 years. Heading the list of top schools in the city is Multicultural Magnet School.

Price Range

Bridgeport has some of the more affordable homes in the state with a median home value of $137,500 and a current average list price of $167,680. A three-week rough patch for the overall sales trend continues in the Bridgeport market. On a positive note, the number of sales actually rose 11.8% over the last 30 days to hit 19.

Typical Dwelling

A zero-bedroom detached home valued around $194,812 is considered a typical dwelling in Bridgeport. If a buyer was looking for a similar home, they would need good credit and a $38,962 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $820 and the property tax rate is $13.56 per $1,000 of taxable assessed value.

Get started right now by checking out Bridgeport homes for sale or reviewing Bridgeport real estate trends.


Data reported through 10/13/2016

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