To invest or not: Bridgeport, CT

[Michelle Garcia]

Hola!

I am curious to you BP members thoughts on Bridgeport, CT. I googled the area and it seems like it’s high on crime and not as safe. What are your thoughts about this area and what tools do you use to analyze the location?

[Nhrai Jordan]

Hi Michelle!  To be very honest the ship has sailed for amazing returns in Bridgeport. These days asking prices are incredibly high due to low inventory and competition is steep so if you didn’t get in 3-5yrs ago or even pre-COVID you’ll should be looking for a very distressed owner to make the numbers work.   Rent rates are steady and that‘s simply due to geography and previously depressed real estate prices. 

If you are seeking a long term hold I’d be happy to point out a few areas where there is development happening. To the other posters points yes the North End is decent, Black Rock is better but your best bet is elsewhere within the City.  My (personal) opinion is that the North End won’t hold for the long term - and yes I am a landlord there.


Best of Luck!