Total monthly cost of ownership
Cost to Own a Home in Southport, Connecticut
A $906,000 home here costs
$6,897per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,658. The real number is $2,239 higher every month — 48% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Southport against Greater Bridgeport Planning Region and Connecticut
| Measure | Southport | Greater Bridgeport Planning Region |
|---|---|---|
| Median home value | $905,600 | $397,000 |
| Median property tax | $10,001 | $8,550 |
| Effective tax rate | 1.104% | 2.154% |
| Median gross rent | $3,259 | $1,482 |
| Population | 1,529 | 326,296 |
The weather behind that power bill
Southport sits in Greater Bridgeport Planning Region, which averages a high of 83.4°F in its hottest month and a low of 24.4°F in its coldest, with 44.09" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 955 cooling and 5,140 heating degree days, which is what sets the $246 electricity line above.
See the full climate breakdown for Greater Bridgeport Planning Region — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greater Bridgeport Planning Region
Full Greater Bridgeport Planning Region cost breakdown · Every county in Connecticut
Common questions
How much does it cost to own a home in Southport?
A $906,000 home in Southport, Connecticut costs approximately $6,897 per month with 20% down at 6.66%. That is $4,658 principal and interest, $834 property tax, $337 homeowners insurance, $314 utilities and $755 set aside for maintenance.
What is the property tax rate in Southport?
Southport has an effective property tax rate of 1.104%, based on a median home value of $905,600 and median real estate taxes of $10,001. That is lower than the Greater Bridgeport Planning Region average of 2.154%.
What is the average home price in Southport?
The median owner-occupied home value in Southport, Connecticut is $905,600, against $397,000 across Greater Bridgeport Planning Region.
Is it cheaper to rent or buy in Southport?
Median gross rent in Southport is $3,259 a month, against $6,897 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Southport — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Connecticut.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.