Bridgeport Connecticut Residential Rent and Rental Statistics
The median monthly gross residential rent in Bridgeport, CT (the Bridgeport-Stamford-Norwalk metro area) was $1,521 in 2019 according to the Census ACS survey.1 Average gross rent in Bridgeport was $1,531 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Bridgeport median and average rent data will be released in September of 2021.
Data is also available below for Bridgeport rental vacancy rates, Bridgeport rent as a percent of median income and the fraction of renters in Bridgeport.
Real Gross Rent in Bridgeport Connecticut (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Connecticut Median Gross Rent | $1,177 | -1.26% | +0.77% |
| Bridgeport, CT Median Gross Rent | $1,521 | +3.82% | +2.84% |
Bridgeport, CT Real Gross Rent Trends
At $1,521, real median gross rent in Bridgeport was at its highest level in 2019 since the series began in 2005. Average gross rent for Bridgeport peaked in real terms in 2015 at $1,556 and is now $25 (1.61%) lower.
Real Gross Rent in Bridgeport: Bridgeport CT Median, Bridgeport CT Average, Connecticut Median, US Median
Real Gross Rent History for Bridgeport
| Date | US Median |
Connecticut Median |
Bridgeport, CT Median |
Bridgeport, CT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,177 | $1,521 | $1,531 |
| 2018 | $1,077 | $1,192 | $1,465 | $1,515 |
| 2017 | $1,043 | $1,160 | $1,483 | $1,503 |
| 2016 | $1,027 | $1,168 | $1,479 | $1,526 |
| 2015 | $1,017 | $1,175 | $1,515 | $1,556 |
| 2014 | $986 | $1,136 | $1,459 | $1,507 |
| 2013 | $953 | $1,095 | $1,401 | $1,392 |
| 2012 | $940 | $1,084 | $1,347 | $1,389 |
| 2011 | $941 | $1,103 | $1,314 | $1,341 |
| 2010 | $955 | $1,108 | $1,378 | $1,383 |
| 2009 | $960 | $1,147 | $1,402 | $1,450 |
| 2007 | $927 | $1,094 | $1,398 | $1,425 |
| 2005 | $910 | $1,049 | $1,334 | $1,328 |
Bridgeport Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Bridgeport Connecticut was 8.56% according to Census ACS data.
Rental Vacancy Rate in Bridgeport Connecticut
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Connecticut | 6.37% | +0.58% | +0.81% |
| Bridgeport, CT | 8.56% | +3.70% | +3.62% |
Trends in Bridgeport, CT Rental Vacancy Rate
The rental vacancy rate in Bridgeport peaked in 2007 at 9.24%. Since then it has fallen by 0.68% to 8.56%. Data records for this series originated in 2005. From a 2014 post peak low of 4.82%, the rental vacancy rate has increased by 3.74%.
Rental Vacancy Rate: Bridgeport CT, Connecticut, US
Historical Rental Vacancy Rate data for Bridgeport
| Date | US | Connecticut | Bridgeport, CT |
|---|---|---|---|
| 2019 | 5.97% | 6.37% | 8.56% |
| 2018 | 6.15% | 5.79% | 4.86% |
| 2017 | 6.18% | 7.02% | 7.46% |
| 2016 | 5.89% | 5.56% | 4.94% |
| 2015 | 5.85% | 6.78% | 5.24% |
| 2014 | 6.32% | 6.72% | 4.82% |
| 2013 | 6.49% | 6.58% | 7.34% |
| 2012 | 6.77% | 6.97% | 7.26% |
| 2011 | 7.40% | 7.87% | 7.01% |
| 2010 | 8.17% | 7.09% | 7.73% |
| 2009 | 8.43% | 7.84% | 7.50% |
| 2007 | 7.87% | 7.33% | 9.24% |
| 2005 | 7.74% | 6.58% | 7.89% |
Rent as a Fraction of Income
Using median household income data for Bridgeport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bridgeport, median monthly gross rent as a fraction of median household income was 18.81% in 2019 according to the ACS.
Bridgeport Connecticut Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Connecticut | 17.92% | -0.49% | -0.30% |
| Bridgeport, CT | 18.81% | -0.15% | +0.01% |
Trends in Bridgeport, CT Rent as a Fraction of Income
The fraction of median Bridgeport household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.83%. Since then it has fallen by 1.02% to 18.81%.
Fraction of Income towards Rent: Bridgeport CT, Connecticut, US
Historical Data for Annual Rent as a Fraction of Income in Bridgeport Connecticut
| Date | US | Connecticut | Bridgeport, CT |
|---|---|---|---|
| 2019 | 20.03% | 17.92% | 18.81% |
| 2018 | 20.50% | 18.41% | 18.96% |
| 2017 | 20.13% | 18.20% | 18.92% |
| 2016 | 20.43% | 18.22% | 18.80% |
| 2015 | 20.63% | 18.64% | 19.83% |
| 2014 | 20.89% | 18.43% | 19.30% |
| 2013 | 20.78% | 18.60% | 19.44% |
| 2012 | 20.65% | 18.18% | 19.03% |
| 2011 | 20.70% | 18.63% | 18.90% |
| 2010 | 20.50% | 18.59% | 19.77% |
| 2009 | 20.12% | 18.01% | 18.67% |
| 2007 | 18.66% | 16.94% | 17.80% |
| 2005 | 18.89% | 16.52% | 17.87% |
Renter Fraction in Bridgeport Connecticut
You can calculate the renter fraction in Bridgeport in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Bridgeport as a fraction of total Bridgeport households. In 2019 33.92% of households were renters according to Census ACS data.
Bridgeport Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Connecticut | 34.97% | +0.77% | -0.26% |
| Bridgeport, CT | 33.92% | -0.38% | -0.81% |
Trends in the Bridgeport, CT Renter Fraction
The Bridgeport household renter fraction peaked in in 2016 at 34.73% and is now 0.81% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bridgeport CT, Connecticut, US
History of Bridgeport Renter Fraction
| Date | US | Connecticut | Bridgeport, CT |
|---|---|---|---|
| 2019 | 35.89% | 34.97% | 33.92% |
| 2018 | 36.05% | 34.20% | 34.30% |
| 2017 | 36.13% | 33.80% | 33.19% |
| 2016 | 36.88% | 35.23% | 34.73% |
| 2015 | 36.97% | 33.84% | 32.56% |
| 2014 | 36.90% | 33.62% | 32.77% |
| 2013 | 36.50% | 33.69% | 32.17% |
| 2012 | 36.09% | 33.09% | 31.72% |
| 2011 | 35.42% | 32.60% | 32.23% |
| 2010 | 34.65% | 32.03% | 31.02% |
| 2009 | 34.13% | 31.15% | 29.85% |
| 2007 | 32.80% | 29.97% | 28.24% |
| 2005 | 33.10% | 30.51% | 27.85% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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