CALCMONEY // HOME AFFORDABILITY // CT // BRIDGEPORT
How much house can you afford in Bridgeport? Based on local median home prices, current CT mortgage rates, and Bridgeport property tax data.
$295,000
$2,174/mo
$93,185/yr
$113,530
Monthly housing costs of $2,174 represent 50.2% of Bridgeport's median gross monthly income ($4,333/mo). At 50.2%, median-income buyers in Bridgeport are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $295,000 |
| Down Payment (20%) | $59,000 |
| Loan Amount | $236,000 |
| Monthly PI Payment | $1,562 |
| Monthly Property Tax | $489 |
| Monthly Insurance Est. | $123 |
| Total Monthly PITI | $2,174 |
| Housing Cost % of Income | 50.2% |
| Required Income (28% rule) | $93,185/yr |
| Max Affordable Home | $113,530 |
$10,325
$2,698/mo
Bridgeport Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $295,000 | Bridgeport city median |
| Down Payment (20%) | $59,000 | Conventional loan |
| Monthly PITI | $2,174 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $93,185 | Annual gross |
| Max Affordable Home | $113,530 | Based on median income |
| FHA Down (3.5%) | $10,325 | Minimum FHA |
| Housing Cost % of Income | 50.2% | Median income: $52,000/yr |
| Property Tax Rate | 1.99% | $5,871/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Bridgeport is $295,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $236,000, generating a monthly P&I payment of $1,562. Adding property taxes ($489/mo) and homeowners insurance ($123/mo) brings total monthly PITI to $2,174.
Bridgeport's property tax rate of 1.99% is near the national average, adding a standard increment to monthly housing costs. On the Bridgeport median home, that is $489/month, or $5,871 per year.
Connecticut levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Bridgeport should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Bridgeport's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Bridgeport's mortgage rate of 6.95% and property tax rate of 1.99%, that translates to a maximum affordable home price of approximately $113,530 with 20% down on a 30-year loan.
To afford the median Bridgeport home priced at $295,000, you need an annual gross income of approximately $93,185. Total monthly housing costs (principal and interest of $1,562, property taxes of $489, and insurance of $123) come to $2,174/month, which equals 28% of the required income.
At the median home price of $295,000 and median household income of $52,000, the total monthly housing cost of $2,174 represents 50.2% of gross monthly income. This is well above the standard 28% threshold, making Bridgeport a challenging market for buyers at median income.
A conventional 20% down payment on the median Bridgeport home of $295,000 is $59,000. An FHA loan requires just 3.5% down — $10,325 — but adds mortgage insurance of roughly $202/month, bringing total FHA payments to $2,698/month.
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