06606, Bridgeport, CT

The Bridgeport, CT 6606 zip code has a population of around 124,000 people and is located in Fairfield County. The median home value in the Bridgeport 6606 zip code is $194,500 which is considerably higher than the national median home value of $157,700. This high home value may be due to the fact that the Bridgeport 6606 zip code has a high concentration of affluent residents. In addition, there are a number of luxury homes available for sale in this area.

One factor that may contribute to the high home values in the Bridgeport 6606 zip code is the strong economy. The unemployment rate in Fairfield County is 4%, which is much lower than the national unemployment rate of 7%. Furthermore, wages have been increasing steadily over the past few years, which may also be contributing to high home values.

Another factor that may be contributing to high home values in this area is low interest rates. The interest rates on mortgages are currently very low, which means that homeowners can afford to pay more for their homes than they would if interest rates were higher.

Despite these factors, there are still some areas of concern with regards to housing prices in the Bridgeport 6606 zip code. One issue that has been noted by many residents is that there seems to be an increasing number of foreclosures being sold or rented out in this area. This could lead to a decline in property values as potential buyers shy away from buying or renting properties that might be affected by foreclosure proceedings or other issues with the property title.