The rental market in Bridgehampton has also undergone notable changes. The percentage of renters fluctuated between 11% and 21% from 2013 to 2022. Average rent prices increased substantially, rising from $1,124 in 2013 to a peak of $2,113 in 2016, an 88% increase. However, average rent prices have since decreased, reaching $1,675 in 2022. This trend may be influenced by the growing population, which increased from 1,472 in 2013 to 1,791 in 2022, potentially affecting housing demand and rental market dynamics.

In 2023 and 2024, Bridgehampton's real estate market continued its upward trajectory. The average home price reached $3,849,820 in 2023 and further increased to $3,960,783 in 2024, representing a 2.6% and 2.9% year-over-year growth, respectively. This growth occurred despite rising federal interest rates, which reached 5.02% in 2023 and 5.33% in 2024, potentially impacting mortgage affordability for some buyers.

Looking ahead, predictive models suggest that average home prices in Bridgehampton may continue to rise over the next five years, potentially reaching or exceeding $4.5 million by 2029. Average rent prices, which have shown some volatility in recent years, are projected to stabilize and potentially increase moderately, possibly reaching around $1,800-$2,000 per month by 2029.

In summary, Bridgehampton has demonstrated remarkable resilience and growth in its real estate market. The consistently high rate of homeownership, coupled with substantial increases in average home prices, underscores the area's desirability and economic strength. While the rental market has experienced some fluctuations, it remains a significant component of the local housing landscape. As Bridgehampton continues to evolve, its real estate market is likely to remain dynamic, influenced by factors such as population growth, economic conditions, and the area's enduring appeal as a prestigious coastal destination.