Bethesda, MD

Ranked Number 5 on the CNNMoney list of Best Places to Live in 2008 there is literally nothing Bethesda does not offer it’s residence. From amazing restaurants to fancy shopping, it is the social and economic hot spot for Montgomery County. Bordering the affluent, Northwest DC area, it’s location is amazing for commuters into the city as well as becoming an employment hub in it’s own right. It has just about everything and if you wanted to, you would never have to leave.

Kelsey Abbott of CNN Money says…

Bethesda boasts one of the country’s best-educated populations for a city of 50,000 or more: more than 80% of its residents have at least a bachelor’s degree. Low crime, rapid job growth and easy access (at least without rush-hour traffic) to airports and downtown Washington D.C. make Bethesda attractive to many entrepreneurs – and business opportunities up the appeal.

Three of the area’s business innovation centers are within six miles of the town. Not only can tech startups rent the space and share facilities (video conferencing and the reception area, for instance), the county will provide legal counsel through lawyers at the University of Maryland and fiscal advice from financial services companies. While some owners say that navigating Montgomery County’s various regulations can make launching tricky, the county eases the process for eligible firms with tax credits for creating jobs, expanding, and – if you’re an artist – simply living and working in Bethesda.

The city also is a foodie hub, with over 250 restaurants. Every year, thousands of guests attend the annual Taste of Bethesda festival, where they’re treated to dishes from dozens of local restaurants and music performances on four stages. 

I couldn’t say it better.

 

Why people love Bethesda, MD?

It’s a great place to be and be seen. It has everything and if you have the money you can lived a very charmed life in just about any style of living you want. From high end condo to spacious mansion.

 

How much far will your money go?

Not very. Bethesda is one of the most expensive places you can possibly choose to live in the Country, let alone the greater DC metro. Your dollars don’t go very far but you can still say you live there.

 

 

 

Real Estate Market Stats

Zillow Home Value Index: $829,400

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $829,400 $202,700
Median Single Family Home Value $925,800 $200,300
Median Condo Value $416,100 $218,100
Median 2-Bedroom Home Value $490,900 $158,700
Median 3-Bedroom Home Value $823,200 $196,300
Median 4-Bedroom Home Value $928,000 $320,000
Percent Homes Decreasing 19.6% 17.9%
Median List Price Per Sq Ft $449 $128
Median Sale Price 439 225,300
Property Tax $7,280 $2,147
Turnover (Sold Within Last Yr.) 3.6% 2.9%
1-Yr. Change 2.9% 6.9%

Walk Score

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