Department of Numbers

Bridgeport Connecticut Residential Rent and Rental Statistics

The median monthly gross residential rent in Bridgeport, CT (the Bridgeport-Stamford-Norwalk metro area) was $1,412 in 2016 according to the Census ACS survey.1 Average gross rent in Bridgeport was $1,457 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Bridgeport median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Bridgeport Connecticut (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Connecticut Median Gross Rent $1,115 -0.71% +6.60%
Bridgeport, CT Median Gross Rent $1,412 -2.42% +5.53%

Bridgeport, CT Real Gross Rent Trends

Median gross rent for Bridgeport peaked in real terms in 2015 at $1,447 and is now $35 (2.42%) lower. Average gross rent for Bridgeport peaked in real terms in 2015 at $1,486 and is now $29 (1.95%) lower.

Real Gross Rent in Bridgeport: Bridgeport CT Median, Bridgeport CT Average, Connecticut Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bridgeport

Date US
Median
Connecticut
Median
Bridgeport, CT
Median
Bridgeport, CT
Average
2016 $981 $1,115 $1,412 $1,457
2015 $972 $1,123 $1,447 $1,486
2014 $942 $1,085 $1,393 $1,439
2013 $910 $1,046 $1,338 $1,330
2012 $898 $1,035 $1,286 $1,327
2011 $898 $1,053 $1,255 $1,281
2010 $912 $1,059 $1,316 $1,321
2009 $916 $1,095 $1,339 $1,385
2008 $932 $1,097 $1,318 $1,372
2007 $885 $1,045 $1,335 $1,361
2006 $895 $1,039 $1,289 $1,351
2005 $869 $1,002 $1,274 $1,268

Bridgeport Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Bridgeport Connecticut was 4.94% according to Census ACS data.

Rental Vacancy Rate in Bridgeport Connecticut

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Connecticut 5.56% -1.22% -1.02%
Bridgeport, CT 4.94% -0.30% -2.40%

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 4.30% to 4.94%. Data records for this series originated in 2005. From a 2014 post peak low of 4.82%, the rental vacancy rate has increased by 0.12%.

Rental Vacancy Rate: Bridgeport CT, Connecticut, US

Rental vacancy rate in Connecticut

Historical Rental Vacancy Rate data for Bridgeport

Date US Connecticut Bridgeport, CT
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%
2008 7.86% 7.27% 9.08%
2007 7.87% 7.33% 9.24%
2006 7.70% 6.16% 4.99%
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 18.80% in 2016 according to the ACS.

Bridgeport Connecticut Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Connecticut 18.22% -0.42% -0.38%
Bridgeport, CT 18.80% -1.03% -0.64%

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 1.03% to 18.80%.

Fraction of Income towards Rent: Bridgeport CT, Connecticut, US

Percent of median household income going towards median monthly gross rent in Bridgeport Connecticut

Historical Data for Annual Rent as a Fraction of Income in Bridgeport Connecticut

Date US Connecticut Bridgeport, CT
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%
2008 19.00% 16.97% 16.54%
2007 18.66% 16.94% 17.80%
2006 18.90% 16.76% 17.20%
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 2016 34.73% of households were renters according to Census ACS data.

Bridgeport Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Connecticut 35.23% +1.39% +1.54%
Bridgeport, CT 34.73% +2.17% +2.56%

Trends in the Bridgeport, CT Renter Fraction

At 34.73%, the 2016 household based renter fraction in Bridgeport was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Bridgeport CT, Connecticut, US

Fraction of renters in Bridgeport

History of Bridgeport Renter Fraction

Date US Connecticut Bridgeport, CT
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%
2008 33.36% 31.01% 28.01%
2007 32.80% 29.97% 28.24%
2006 32.73% 30.48% 28.80%
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.