Greater Bridgeport Planning Region, Connecticut Housing Market Prices
Greater Bridgeport Planning Region Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 1% above the Connecticut median$283,536
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Median rent 4% above the Connecticut median$1,535
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greater Bridgeport Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $283,536 | $281,244 | $248,835 |
| Price Trend (Annual %) | 6.5% | 3.6% | 7.5% |
| Median Gross Rent | $1,535 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greater Bridgeport Planning Region is about 1% higher than in Connecticut. Rent is about 4% higher than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greater Bridgeport Planning Region, up about 6.5% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Greater Bridgeport Planning Region rose about 31.7% between 2015 and 2024, from $1,165 to $1,535. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Greater Bridgeport Planning Region.
Buying the median-priced home in Greater Bridgeport Planning Region costs roughly 15.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greater Bridgeport Planning Region. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Greater Bridgeport Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $283,536 | $281,244 | $248,835 |
| Median Household Income | $90,469 | $97,098 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greater Bridgeport Planning Region rose about 43.1%, while median household income rose about 38.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Greater Bridgeport Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 62.8% | 58.5% |
| Rental Rate | 32.5% | 30.3% | 31.2% |
| Vacancy Rate | 5.0% | 6.9% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Greater Bridgeport Planning Region has a homeownership rate of 62.4%, about the same as the Connecticut average of 62.8%. Its housing vacancy rate is 5.0%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Greater Bridgeport Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1960 | 1966 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Greater Bridgeport Planning Region was built around 1960. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Greater Bridgeport Planning Region, CT Housing Compared With Nearby Counties
Greater Bridgeport Planning Region, CT is the smallest of the 6 counties compared here, 308,890 residents against a local median of 563,812. The measure that sets Greater Bridgeport Planning Region, CT apart most is median home price: $283,536, 41% below the local median of $482,100.
Median rent tells the same story from another angle: $1,535 against a local median of $1,950, 21% below it. The counties themselves spread $445,806 on median home price, so Greater Bridgeport Planning Region, CT sits at one end of an already wide local range rather than apart from it. Greater Bridgeport Planning Region, CT has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greater Bridgeport Planning Region, CT | 308,890 | $283,536 #4/6 | $1,535 #5/6 | 65.7% #4/6 |
| Western Connecticut Planning Region, CT | 563,812 | $678,908 | $2,108 | 69.4% |
| Naugatuck Valley Planning Region, CT | 439,566 | $244,999 | $1,327 | 68.3% |
| South Central Connecticut Planning Region, CT | 516,000 | $233,101 | $1,536 | 62.6% |
| Westchester County, NY | 998,212 | $482,100 | $1,950 | 61.8% |
| Suffolk County, NY | 1,451,500 | $526,704 | $2,275 | 82.4% |
Frequently Asked Questions
Common questions about the housing market in Greater Bridgeport Planning Region, Connecticut.
What is the median home price in Greater Bridgeport Planning Region, Connecticut?
The median home price in Greater Bridgeport Planning Region, Connecticut is $283,536, higher than the Connecticut average of $281,244.
What is the average home price in Greater Bridgeport Planning Region, Connecticut?
The typical home price in Greater Bridgeport Planning Region, Connecticut, reported as the median sale price, is $283,536. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Greater Bridgeport Planning Region, Connecticut?
The median gross rent in Greater Bridgeport Planning Region, Connecticut is $1,535 per month, higher than the Connecticut average of $1,481.
What was the median gross rent in Greater Bridgeport Planning Region in 2020?
In 2020, the median gross rent in Greater Bridgeport Planning Region, Connecticut was $1,263 per month.
What is the price-to-rent ratio in Greater Bridgeport Planning Region, Connecticut?
The price-to-rent ratio in Greater Bridgeport Planning Region, Connecticut is about 15.4, meaning it would take roughly 15.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greater Bridgeport Planning Region.
Are home prices or rent rising faster in Greater Bridgeport Planning Region, Connecticut?
Both home prices and rent are rising in Greater Bridgeport Planning Region, up about 6.5% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greater Bridgeport Planning Region, Connecticut?
62.4% of households in Greater Bridgeport Planning Region, Connecticut own their home, lower than the Connecticut average of 62.8%.
What is the vacancy rate in Greater Bridgeport Planning Region, Connecticut?
The housing vacancy rate in Greater Bridgeport Planning Region, Connecticut is 5.0%, lower than the Connecticut average of 6.9%.
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