Connecticut · 58th largest metro area

Buying a home in Bridgeport, Connecticut

In Bridgeport, the median value of owner-occupied homes is $274,900, Greater Bridgeport Planning Region's effective property tax rate is 2.02%, and a purchase mortgage carried a median $7,601 in total loan costs in 2025.

Data as of : Census ACS 2020-2024, Census Vintage 2024, HMDA 2025, HUD FY 2027. Sources

Bridgeport home costs, fact by fact

About Bridgeport

Bridgeport, Connecticut, has a city population of 151,599 and belongs to the Bridgeport-Stamford-Danbury, CT metro area, ranked 58th among US metro areas. Owners occupy 42.8% of homes.

Calculate for Connecticut

If you buy

Connecticut transfer taxes

Real estate conveyance tax: State: 0.75% up to $800,000, 1.25% from $800,000 to $2,500,000, 2.25% above $2,500,000 (homes); unimproved land 0.75%; non-residential property 1.25%. Change the price: the amount is recalculated instantly.

Price$423,900
State conveyance tax$3,179.25
Municipal conveyance tax (0.25% to 0.5% of the price)$1,059.75 to $2,119.50
Total transfer tax$4,239 to $5,298.75
Share of the price1% to 1.25% of the price
Who paysThe seller

Default price: the Connecticut median value of owner-occupied homes, $423,900 (Census ACS 2025). Rule: Residential estate rates apply to each slice of the price. Applies only when the price is $2,000 or more. Unimproved land is 0.75% and other non-residential property 1.25% on the whole price. Every town charges a municipal tax of 0.25% of the whole price (Conn. Gen. Stat. 12-494(a)(2)); a targeted investment community or a town with a designated manufacturing plant may add up to another 0.25% (12-494(c)). Source: Conn. Gen. Stat. 12-494 (cga.ct.gov), read October 15, 2026; OLR Report 2020-R-0020. Who pays: By law the person conveying the property pays, to the town clerk, at recording (C.G.S. 12-495). The purchase contract can shift costs. Not included: other local transfer taxes, recording fees, title insurance and lender charges. Connecticut transfer tax guide · all 50 states.

If you sell

Capital gain and the federal tax on it

Same federal rule in every state: Section 121 of the Internal Revenue Code excludes up to $250,000 of gain on a main home ($500,000 for a married couple filing jointly).

Capital gain$350,000
Section 121 exclusion$250,000 (limit $250,000)
Taxable gain$100,000
Type of gainLong-term (owned over 1 year), 15% chosen
Federal tax on the gain$15,000

Section 121 excludes $250,000; the rest is taxable.

Gain = sale price minus your adjusted basis (purchase price, buying costs and improvements); selling expenses reduce it (IRS Publication 523). Long-term rates for sales in 2026, by taxable income including the gain (IRS Rev. Proc. 2025-32, section 4.03): 0% up to $49,450 single or $98,900 married filing jointly, 15% up to $545,500 single or $613,700 jointly, 20% above. Not included: Connecticut state income tax on the gain (not computed), the net investment income tax, depreciation recapture on a rental or home office, and the reduced exclusion for an early sale. Agent commissions are negotiated and never set by law. Capital gains on a home sale.

Questions about buying a home in Bridgeport

How much is property tax in Bridgeport?

Homeowners in Greater Bridgeport Planning Region pay a median $8,670 a year in property tax, 2.02% of the county median home value of $428,800 (Census ACS 2020-2024). Your bill depends on your assessed value and local rates.

What are closing costs on a mortgage in Bridgeport?

Home-purchase mortgages in Greater Bridgeport Planning Region carried median total loan costs of $7,601 in 2025; half of the 1,961 loans fell between $5,832 and $12,635 (HMDA). Total loan costs are the lender and settlement-service charges of the Closing Disclosure; transfer taxes and prepaid items come on top.

Is there a transfer tax when you buy a home in Bridgeport?

Connecticut charges a real estate conveyance tax on sales of $2,000 or more: a state tax of 0.75% of the price on a home up to $800,000, rising on higher slices, plus a municipal tax of 0.25% or more. The seller pays.

Is it cheaper to rent or buy in Bridgeport?

It depends on your mortgage rate, down payment and how long you stay. As a benchmark, the median value of owner-occupied homes in Bridgeport ($274,900) equals 15.8 years of the median gross rent ($1,450 a month), both from Census ACS 2020-2024.

Run your own numbers: rent vs buy calculator · closing costs calculator.

Connecticut rules that apply in Bridgeport

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Sources

Connecticut · All states · Federal guides