1031 Exchange Bridgeport, Connecticut

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bridgeport due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Bridgeport, Connecticut is a part of the East Fairfield County submarket area, and contains 10 zip codes, including: 06601, 06607, 06604, 06602, 06606, and 06610.

Bridgeport Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bridgeport, CT submarket area was $1,667, which is 19.58% lower than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in Bridgeport, CT was 4.40%.

The total population of the city of Bridgeport, CT has grown 0.47% since 2010. As of 2018, the population was 144,900. The median household income of the Bridgeport was $45,441, which is 24.63% lower than the national average.

  • submarket area East Fairfield County
  • avg rent $1,667
  • rent growth 19.58%
  • vacancy 4.40%
  • median income $45,441
  • population (2018) 144,900
  • population growth 0.47%
  • vs. nat'l avg 24.63%
  • zip codes 06601 06602 06604 06605 06606 06607 06608 06610 06673 06699

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