Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 68,056 people, 27,105 houses or apartments, and a median cost of homes of $1,393,648, Bethesda house prices are not only among the most expensive in Maryland, Bethesda real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Bethesda, accounting for 53.77% of the town's housing units. Other types of housing that are prevalent in Bethesda include large apartment complexes or high rise apartments ( 40.60%), row houses and other attached homes ( 4.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.12%).
People in Bethesda primarily live in small (one, two or no bedroom) single-family detached homes. Bethesda has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bethesda's housing was primarily built during this period, from the '40s through the '60s. A full 43.02% of the town's housing hails from this era. Other housing ages represented in Bethesda include homes built between 1970-1999 ( 25.89%) and housing constructed between 2000 and later ( 23.04%). There's also some housing in Bethesda built before 1939 ( 8.06%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Bethesda, where house values have increased just 40.42%, which is annualized rate of 3.45%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Bethesda that despite a nationwide downturn in the housing market, Bethesda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bethesda appreciation rates continue to be some of the highest in America, at 8.40%, which is higher than appreciation rates in 74.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bethesda. Bethesda appreciation rates in the latest quarter were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Bethesda one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Bethesda's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bethesda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bethesda - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bethesda real estate investment or home purchase decisions.
$1,393,648
for Maryland
for nation
27,105
$3,540 / per month