Bethesda, MD is one of the most affluent suburbs in the United States and this is clearly represented in their median housing value of $1,072,100. This is more than three times the national median housing value and indicates that Bethesda is a much more expensive place to live than anywhere else in the country. Despite being significantly higher than the national level, the appreciation rate for houses in Bethesda only sits at 5.58%, lower than the US average of 8.27%. Therefore, while it is an expensive place to purchase property, Bethesda residents do not benefit from a high rate of return on their investment.
The median home cost in Bethesda is $1,072,100. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Bethesda is up 11.3%.
Average Age of Homes
- The median age of Bethesda real estate is 53 years old
The Rental Market in Bethesda
- Renters make up 29.8% of the Bethesda population
- 2.6% of houses and apartments in Bethesda, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.