06608, Bridgeport, CT

The Bridgeport, CT 6608 zip code has a population of over 100,000 and is located in Fairfield County. Home prices in the 6608 zip code have increased significantly over the past few years, reaching an all-time high of $527,000 in March of 2018. The average home price in the 6608 zip code has increased by more than $100,000 since 2016.

The primary driver of this increase in home prices is likely due to strong demand from buyers and limited supply. Bridgeport is one of the fastest growing cities in Connecticut and has seen significant job growth over the past few years. Additionally, many homeowners who have been able to refinance their mortgages have benefited from historically low interest rates.

Despite these positive factors, there are some risks associated with increasing home prices in the 6608 zip code. If interest rates rise or if there are any unforeseen market fluctuations, then home values could decline significantly. Additionally, if there are any issues with the underlying infrastructure (e.g., a burst water main), then this could lead to a housing crisis similar to that which occurred during the Great Recession of 2008-2009.