Real Estate Investing in Bridgeport, Connecticut (06604)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06604 (Bridgeport, CT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
- Elevated poverty: 20.0% poverty rate — can affect rent collection.
What’s happening in Bridgeport, CT (06604)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06604 Bridgeport
Not every below-median market is a bargain. Bridgeport's 06604 ZIP clocks in at signals that favor experienced operators who can absorb the risk $340K pricing implies.
Rent of $1,804/mo on a $340K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06604 sits below the stated 0.0% once reality is priced in.
Stepping back, 06604 offers a low basis, the region around Bridgeport has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 06604 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 06604 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bridgeport:
Property Strategy for 06604
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $160,584 | $1,920 | 8.6% | +11.3% | $160,584 |
| 2BR | $268,121 | $2,290 | 6.1% | +11.3% | $134,060 |
| 3BR | $418,579 | $2,770 | 4.8% | +10.9% | $139,526 |
| 4BR | $465,894 | $3,280 | 5.1% | +10.1% | $116,474 |
| 5BR | $512,434 | — | — | +10.5% | $102,487 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06604 Compare?
| Metric | 06604 | Bridgeport | Bridgeport-Stamford-Norwalk, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $339,865 | $338,409 | N/A | $425,784 |
| 5-Year CAGR | 6.9% | 7.6% | N/A | 9.3% |
| Avg Rent | $1,804 | $2,066 | N/A | - |
| Cap Rate | 4.1% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06604 (Bridgeport, CT). Anonymous, moderated, never written by AI.
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Property managers serving Fairfield County
Manage rentals here? List your business →Plaza Realty & Management Corporation focuses on excellence by association. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $339,865 |
| Monthly Rent | $1,804 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 Rent Trends
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 06604
Population: 29,497
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 06604
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Barnum School
McKinley School
Stratfield School
Wilbur Cross School
Thomas Hooker School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong is Bridgeport, CT for real estate investors?
Bridgeport, CT shows an investability rating of 3.0/5, with median home values near $340K and average rents around $1,804/mo. That combination puts it in the resilient tier for investor interest.
Are tenants stable in Bridgeport, CT?
Tenant demand in Bridgeport, CT is solid. The local workforce $1,804/mo rents across most rental classes.
Are there empty rentals in Bridgeport, CT?
Expect elevated vacancy in Bridgeport, CT. Rents at $1,804/mo are absorbed by the tenant base without meaningful lag.
How viable is house hacking in Bridgeport, CT?
House hacking in Bridgeport, CT is reasonable to execute. Prices around $340K and rents of $1,804/mo solid owner-occupant economics.
How strong are rents in Bridgeport, CT?
Bridgeport, CT rentals go for roughly $1,804/mo a month. That puts gross yield in solid territory relative to $340K acquisition costs.
You know 06604 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06604 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 06604 ranks in Bridgeport-Stamford-Norwalk, CT
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