In the city of Bridgeport, Connecticut, the median value of a house is $164,800. Home values have increased 7.6 percent in the last year alone. There has been the forecast made that in the following year, homes in Bridgeport will increase 4.6 percent.
In Bridgeport, $128 is the median per square foot list cost. The metro area of Stamford has a higher average per square foot list price of $272.
The current median list price on a home is $179,900 in Bridgeport. Selling prices are at a median of $143,300.
Bridgeport’s rental market has a median cost of $1,650 monthly. The Stamford Metro Area has a higher median rental of $2,600/month.
The foreclosure rate is an important factor affecting the real estate economy. The lower the rate of foreclosures, the higher the value of real estate for any particular location.
For every 10,000 houses in Bridgeport, 0.3 are foreclosed. The metro area of Stamford has a higher foreclosure rate which is 0.4 houses foreclosed on for every 10,000 houses. The United States foreclosure rate is quite a bit higher at 1.6 houses foreclosed on for every 10,000 houses.
Bridgeport has a mortgage delinquency rate of 6.1 percent. This is quite a bit higher than the US mortgage delinquency rate which is 1.6 percent. Being delinquent on a mortgage means that a homeowner has missed one or more payments on their house mortgage.
The value of homes fell more than 20 percent in the United States from the 2008 recession. As a result, there are a lot of owners of homes who are underwater currently regarding their home mortgages.
Being underwater on a mortgage means that the homeowner is experiencing the value of their home is less than their mortgage debt. Bridgeport has a huge number of homeowners underwater with their mortgages at 31.2 percent.
This is much higher than the underwater percentage of homeowners in the metro area of Stamford, which is 12.1 percent.
Households in the city of Bridgeport, CT have an annual median income of $43,137.