The typical owner-occupied home in Bridgewater is worth about $637,500, 74% above the Connecticut median of $366,900 and 92% above the national median of $332,700. Owners pay a median $6,944 a year in property taxes, about 1.09% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $140,833 a year, so the median home costs 4.5 times the median income (3.8 times for Connecticut). 83% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Bridgewater at a glance
| Bridgewater | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $637,500 | $366,900 | $332,700 |
| Median property tax paid per year | $6,944 | $6,643 | $3,119 |
| Property tax as a share of value | 1.09% | 1.81% | 0.94% |
| Median household income | $140,833 | $95,781 | $80,734 |
| Homes lived in by their owners | 83% | 66% | 65% |
| Owner homes with a mortgage | 38% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,857 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 26.7% | 21.8% | 21.0% |
| Median rent | – | $1,488 | $1,413 |
| Median year homes were built | 1953 | 1967 | 1980 |
| Vacant homes | 0.0% | 7.0% | 10.1% |
| Population | 130 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Bridgewater
At this week's average 30-year rate of 7.11%, buying the median Bridgewater home of $637,500 with 20% down costs about $4,275 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,337, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $183,235 for the 20%-down payment. That payment is 36% of the median Bridgewater household income of $140,833; at that income and 20% down, the 28% guideline points to a home of about $490,000.
| Down payment | $127,500 |
|---|---|
| Loan amount | $510,000 |
| Principal and interest | $3,431 |
| Property taxes (1.09% a year) | $579 |
| Homeowners insurance (our estimate, 0.5% a year) | $266 |
| PMI | $0 |
| Total per month | $4,275 |
Change the numbers in the calculator
| Down payment | $22,312 |
|---|---|
| Loan amount | $625,953 |
| Principal and interest | $4,211 |
| Property taxes (1.09% a year) | $579 |
| Homeowners insurance (our estimate, 0.5% a year) | $266 |
| FHA mortgage insurance | $282 |
| Total per month | $5,337 |
Change the numbers in the calculator
Questions about home buying in Bridgewater
What is the median home value in Bridgewater?
About $637,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bridgewater?
Homeowners pay a median $6,944 a year, which is about 1.09% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bridgewater?
For the median home with 20% down at 7.11%, the payment is about $4,275 a month. Keeping that under 28% of gross income takes about $183,235 a year.
More about Bridgewater
- Mortgage Refinance in Bridgewater
- Debt Relief in Bridgewater
- Home Equity Loans in Bridgewater
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data