Bethesda, MD is one of the most active and thriving communities in the country. It also has a very educated population and is near multiple national institutions. It is an accessible city with quick access to Washington, D.C., and other regional towns. Some of these cities are New York City and Philadelphia. Bethesda is also close to major highways, which makes traveling accessible. Its residents also have access to a variety of public transportation alternatives. And, for those who enjoy the outside, this city offers a variety of arts and cultural institutions.
Bethesda is home to several healthcare and technology organizations. So, there are always job vacancies and employers. It is easy to see why Bethesda is a very sought-after community. Bethesda does have it all. It offers a thriving employment market, good infrastructure, and stunning views. On top of these, Bethesda also provides excellent public transportation and great communities.
Quick Facts
- Bethesda takes its name after the Bethesda Meeting House, a local church. That church, in turn, took its name after Jerusalem's Bethesda Pool.
- Bethesda has a poverty rate of 3.46% and an average household income of $237,066.
- The median rental cost has been $2,026 per month, with a median house value of $911,000.
- Since the last census, Bethesda's population has grown by 3.84%.
- The city of Bethesda, Maryland, has a population of 63,195 people and is in Montgomery County.
Bethesda, MD in a Nutshell
Bethesda has a population of around 63,000 people. But, it is an unincorporated community in Montgomery County rather than a city. Bethesda was nothing more than a crossroads district outside Washington for some time. By the end of the 19th century, agriculture had given way to subdivisions. The community also became known for its mansions, one of which was home to the Norwegian Royal Family.
Additionally, many people flock to Bethesda Row on the city's west side. People visit this area to shop at fancy businesses, catch a movie, or dine at one of the many restaurants. The trees that line Bethesda Avenue are also festive and inviting at night. As a result, this location becomes especially delightful. Living in Bethesda is a cultural experience. There is access to live theater, museums, natural parks, and art by local artists around the city. On weekends, there are two farmer's markets, each featuring local food and live music.
Economy and Employment in Bethesda, MD
Job opportunities like working for the government and arts institutions are in Bethesda. The Johns Hopkins Bethesda site, hotel brands, and other employers are also available. Downtown Bethesda and Woodmont Triangle are among the communities that make up Bethesda. Each of these districts has its distinct character. The main attraction is working at the corporate offices of many large firms. There are also opportunities offered in federal agencies and medical facilities. Bethesda boasts its thriving economy, focusing on healthcare, defense, software, and banking.
Some other notable employers are the National Institutes of Health campus. The Walter Reed National Military Research Center is also in Bethesda. Additionally, other military research and medical institutes also offer job opportunities. Bethesda also has Lockheed Martin and Marriott International. Moreover, Coventry Health Care, a managed health care organization, has offices in Bethesda. Additionally, many of Bethesda's top employers were some of the country's best workplaces. These employers are real estate financing firms like Walker & Dunlop. Digital Management also contributed to this title. So, begin job searching for those interested in finance, defense, and healthcare. Bethesda has it all.
Real Estate in Bethesda, MD
Single-family houses, including ranch type, split-level, and bi-level homes, are available in Bethesda. Expansive new construction, as well as multi-million dollar mansions, are available for sale. Additionally, Bethesda real estate has apartments, condos, and several renovated historic homes. Some of these even date back to the 1700s. It is always a good idea to have realistic expectations of the cost of living. Before moving to Bethesda, what one can afford is also an excellent factor. So, Bethesda might be the perfect fit for those with the financial means. Bethesda is pricey. It is one of America's most expensive cities, yet it still boasts a high median household income. Bethesda's cost of living is around 45% more than the national average.
Looking at housing costs can give people a decent sense of the cost of living in Bethesda. For example, Bethesda has an average home value of $877,000. This value affords a 5-bedroom, 3-bath home in the right neighborhood. There are listings available online to see what one's budget will allow. And for those thinking about renting in Bethesda, the average rent in Bethesda is $2,400 for 916 square feet. That is rather typical for rentals in Washington, D.C.
Real Estate Trends
There are currently 295 active home listings in Bethesda and 28 new home listings. Bethesda homes sold for a median price of $1,195,000 in March 2022. And on average, Bethesda homes sold after 30 days on the market, compared to 54 days from the previous year. This year, 238 properties have been off the market in Bethesda for March 2022, up from 144 the last year.
Final Thoughts
Bethesda is one of the region's most attractive and unique villages. Bethesda is also known for its wealth and natural beauty. The city has much more to offer besides the several job opportunities available. The town boasts excellent educational options, an attractive urban center, and close-knit neighborhoods. Residents in Bethesda also enjoy a good standard of living. The city offers quick access to the capital and various fun and exciting activities. It is easy to see why it is often named one of the best locations to live in the United States with all these benefits.
Have a comment, tip, or concern?
Thanks for reading Elite Informer! Here's more where that came from.