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, 26,930 houses or apartments, and a median cost of homes of $1,127,067, 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 55.14% of the town's housing units. Other types of housing that are prevalent in Bethesda include large apartment complexes or high rise apartments ( 39.38%), row houses and other attached homes ( 4.34%).
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 44.67% 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 ( 21.67%). There's also some housing in Bethesda built before 1939 ( 7.78%).
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 32.45%, which is annualized rate of 2.85%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Bethesda appreciation rates have trailed the rest of the nation. In the last twelve months, Bethesda's appreciation rate has been 4.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bethesda were at -2.24%, which equates to an annual appreciation rate of -8.67%.
Notably, Bethesda's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Bethesda's latest annual appreciation rate is lower than 60% 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.
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