06607, Bridgeport, CT

The Bridgeport, CT 6607 zip code has a population of around 106,000 people and is located in Fairfield County. The median home value in the 6607 zip code is $215,000 which is above the national median home value of $177,500. The percentage of homes that are owner-occupied in the 6607 zip code is around 68% which is above the national average of 63%. The percentage of homes that are renter-occupied in the 6607 zip code is around 32% which is below the national average of 37%.

The Bridgeport, CT 6607 zip code has a high rate of home equity compared to other areas within Fairfield County. Around 44% of households in the 6607 zip code have at least some equity in their homes which is higher than both the countywide rate (34%) and statewide rate (33%). This high level of equity may be due to low rates of homeownership and high rates of rental occupancy within the area. Additionally, many households in the 6607 zip code have access to generous amounts of credit which may help them purchase or refinance a home.

Despite having a high level of home equity, there has been an increase in house prices over recent years within the 6607 zip code. Between 2012 and 2016, house prices increased by an averageof 7%. This increase may be due to strong demand for housing within Bridgeport as well as increasing interest rates over this period. While house prices have increased rapidly over recent years, they are still relatively affordable when compared to other areas within Fairfield County.