Bethesda Maryland Neighborhood Real Estate Analysis

History

Bethesda is situated along a major thoroughfare that was originally the route of an ancient Native American trail. Between 1805 and 1821, it was developed into a toll road called the Washington and Rockville Turnpike, which carried tobacco and other products between Georgetown and Rockville, and north to Frederick. A small settlement grew around a store and tollhouse along the turnpike. By 1862, the community was known as “Darcy’s Store” after the owner of a local establishment, William E. Darcy. The settlement was renamed in 1871 by the new postmaster, Robert Franck, after the Bethesda Meeting House, a Presbyterian church built in 1820 on the present site of the Cemetery of the Bethesda Meeting House. The church burnt in 1849 and was rebuilt the same year about 100 yards south at its present site.[6]

Throughout most of the 19th century, Bethesda was a small crossroads village, consisting of a post office, a blacksmith shop, a church and school, and a few houses and stores. It was not until the installation of a streetcar line in 1890 and the beginnings of suburbanization in the early 1900s that Bethesda began to grow in population. Subdivisions began to appear on old farmland, becoming the neighborhoods of Drummond, Woodmont, Edgemoor, and Battery Park. Further north, several wealthy men made Rockville Pike famous for its mansions. These included Brainard W. Parker (“Cedarcroft”, 1892), James Oyster (“Strathmore”, 1899), George E. Hamilton (“Hamilton House”, 1904; now the Stone Ridge School), Luke I. Wilson (“Tree Tops”, 1926), Gilbert Grosvenor (“Wild Acres”, 1928–29), and George Freeland Peter (“Stone House”, 1930). In 1930, Dr Armistead Peter‘s pioneering manor house “Winona” (1873) became the clubhouse of the original Woodmont Country Club (on land that is now part of the National Institutes of Health (NIH) campus). Merle Thorpe‘s mansion, “Pook’s Hill” (1927, razed 1948) — on the site of the current neighborhood of the same name — became the home-in-exile of the Norwegian Royal Family during World War II.[6]

That war, and the expansion of government that it created, further fed the rapid expansion of Bethesda. Both the National Naval Medical Center (1940–42) and the NIH complex (1948) were built just to the north of the developing downtown. This, in turn, drew further government contractors, medical professionals, and other businesses to the area. In recent years, Bethesda has consolidated as the major urban core and employment center of southwestern Montgomery County.[6] This recent growth has been significantly vigorous following the expansion of Metrorail with a station in Bethesda in 1984. Alan Kay built the Bethesda Metro Center over the Red line metro rail which opened up further commercial and residential development around the surrounding vicinity.

Geography

According to the United States Census Bureau, the CDP has a total area of 13.2 square miles (34 km2). 13.1 square miles (34 km2) of it is land and 0.1 square miles (0.26 km2) of it (0.38%) is water.

The main commercial corridor that runs through Bethesda is Maryland Route 355 (known as Wisconsin Avenue in Bethesda and as Rockville Pike and Hungerford Drive in more northern communities), which, to the north, connects Bethesda with the communities of North Bethesda and Rockville, ending, after several name changes, in Frederick, Maryland. Toward the South, Rockville Pike becomes Wisconsin Avenue near the NIH Campus and continues beyond Bethesda through Chevy Chase, Friendship Heights, Maryland and into Washington, DC, ending in Georgetown.

The area commonly known as “Downtown Bethesda” is centered at the intersection of Wisconsin Avenue, Old Georgetown Road and East-West Highway. Other focal points of downtown Bethesda include the Woodmont Triangle, bordered by Old Georgetown Road (Maryland Route 187), Woodmont and Rugby Avenues, and the Bethesda Row, centered at the intersection of Woodmont Avenue and Bethesda Avenue. Much of the dense construction in that area followed the opening of the Bethesda station on the Red Line of the Washington Metro rapid transit system, also located at this intersection and the centerpiece of the Bethesda Metro Center development. The Medical Center Metro stop lies about 0.7 miles north of the Bethesda stop, Medical Center, which serves the NIH Campus, the Walter Reed National Military Medical Center, and the Uniformed Services University of the Health Sciences.

Demographics

Historical populations
Census Pop.
1960 56,527
1970 71,621 26.7%
1980 62,736 −12.4%
1990 62,936 0.3%
2000 55,277 −12.2%
2010 60,858 10.1%
source:[7]

As of the census[8] of 2000, there were 55,277 people, 23,659 households, and 14,455 families residing in the CDP. The population density was 4,205.8 inhabitants per square mile (1,624.2/km²). There were 24,368 housing units at an average density of 1,854.1 per square mile (716.0/km²). The racial makeup of the CDP was 85.86% White, 2.67% Black or African American, 0.17% Native American, 7.92% Asian, 0.05% Pacific Islander, 1.23% from other races, and 2.11% from two or more races. 5.43% of the population were Hispanic or Latino of any race.

There were 23,659 households out of which 28.0% had children under the age of 18 living with them, 53.4% were married couples living together, 6.0% had a female householder with no husband present, and 38.9% were non-families. 32.2% of all households were made up of individuals and 11.6% had someone living alone who was 65 years of age or older. The average household size was 2.30 and the average family size was 2.92.

In the CDP the population was spread out with 21.8% under the age of 18, 4.6% from 18 to 24, 29.2% from 25 to 44, 27.1% from 45 to 64, and 17.2% who were 65 years of age or older. The median age was 41 years. For every 100 females there were 87.7 males. For every 100 females age 18 and over, there were 84.0 males.

Bethesda is a very wealthy and well-educated area. According to the 2000 Census, Bethesda was the best-educated city in the United States of America with a population of 50,000 or more. 79% of residents 25 or older have bachelor’s degrees and 49% have graduate or professional degrees. According to a 2007 estimate,[9] the median income for a household in the CDP was $117,723, and the median income for a family was $168,385. Males had a median income of $84,797 versus $57,569 for females. The per capita income for the CDP was $58,479. About 1.7% of families and 3.3% of the population were below the poverty line, including 1.8% of those under age 18 and 4.1% of those age 65 or over. Many commute to Washington D.C. for work. The average price of a four bedroom, two bath home in Bethesda in 2010 was $806,817 (which ranks it as the twentieth most expensive community in America).[10]

Bethesda is often associated with its neighboring communities, Potomac, Maryland, Chevy Chase, Maryland, Great Falls, Virginia, and McLean, Virginia for their similar demographics. In 2009, Self magazine ranked Bethesda as the second healthiest place for women in the country, a year after being ranked number one.[11] As of 2009, 8 Pulitzer Prize winners live in Bethesda, as do several well-known political commentators (including George Will, David Brooks, and Tom Friedman).[12]

Landmarks

Building 50 at NIH.

Important institutions located in Bethesda include the National Institutes of Health campus, the Consumer Product Safety Commission, and the Naval Surface Warfare Center Carderock Division. Bethesda is also home to the Walter Reed National Military Medical Center, formerly referred to as Bethesda Naval Hospital (National Naval Medical Center, NNMC). The Medical Center is also the place where the President goes to get his yearly check-up. Adjoining the hospital to the east is the Uniformed Services University of the Health Sciences, as well as a number of other military medical and research institutions.

The headquarters of defense conglomerate Lockheed Martin, managed health care company Coventry Health Care and hotel and resort chains Marriott International and Host Hotels & Resorts, Inc. are located in Bethesda. Software company Bethesda Softworks were originally located in Bethesda, but moved to Rockville, Maryland, in 1990. The Discovery Channel also had its headquarters in Bethesda before relocating to Silver Spring in 2004. On the professional services side, numerous banks (PNC, Capital One Bank) brokerage firms (SmithBarney, Merrill Lynch, Charles Schwab, Fidelity) and law firms (Ballard Spahr, JDKatz, Paley Rothman, Lerch Early & Brewer) maintain offices in Bethesda. Bethesda has two farmers markets, the Montgomery Farm Woman’s Cooperative Market and the Bethesda Farmer’s Market

Bethesda Avenue at night

Federal Realty Investment Trust (FRIT) has developed much of the west side of downtown Bethesda into an area called Bethesda Row. The vibrant district includes Barnes and Noble, an Apple Store, a cinema, and dozens of shops and restaurants. Also located in downtown Bethesda is one of the Madonna of the Trail monuments, erected by the National Old Trails Association working in concert with the Daughters of the American Revolution. Judge Harry S. Truman, presided over the dedication of the Bethesda monument, on April 19, 1929. Nearby is the Bethesda Post Office. Also starting in the heart of downtown Bethesda, is the Capital Crescent Trail which follows the old tracks of the B&O Railroad stretching from Georgetown, Washington, D.C., to Silver Spring, MD. Walter Reed Medical Center and the Bethesda Theater are two important Art Deco architectural structures in the suburbs surrounding Washington, D.C.

The Writer’s Center in Bethesda publishes Poet Lore, the longest continuously running poetry journal in the United States.

Bethesda Lane opened in 2008. This extension of the Bethesda Row development, located near the corner of Bethesda Avenue and Arlington Road, includes many new retail shops and restaurants underneath luxury apartments.[13]

Bethesda is the home of Congressional Country Club, which is recognized as one of the most prestigious country clubs in the world. Congressional has hosted four major golf championships, including the 2011 U.S. Open, won by Rory McIlroy. The AT&T National, hosted by Tiger Woods, has been played at Congressional four times.

Bethesda is also home of the exclusive Burning Tree Club, the Bethesda Country Club, and the Bethesda Community Baseball Club, which operates the Bethesda Big Train, a summer collegiate baseball team.

For more information about Bethesda Maryland Visit http://en.wikipedia.org/wiki/Bethesda,_Maryland

Bethesda Real Estate Market Stats

Average Home Values

Price Distribution


Home Averages

$863,000 Average Price
1,823Avg Home Size
1959Avg Year Built

Owners vs Renters

 

Local vs National Home Values

 LocalNational
Zillow Home Value Index $802,400 $175,600
Median Single Family Home Value $903,800 $175,300
Median Condo Value $346,400 $178,400
Median 2-Bedroom Home Value $490,500 $135,100
Median 3-Bedroom Home Value $806,500 $169,300
Median 4-Bedroom Home Value $892,500 $284,300
Percent Homes Decreasing 30.8% 27.6%
Percent Listing Price Reduction 42.8% 36.7%
Median List Price Per Sq Ft $436 $112
Median List Price $969,000 $215,000
Median Sale Price $863,000 $215,500
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $7,126 $2,081
Turnover (Sold Within Last Yr.) 3.8% 4%
Median Value Per Sq Ft $444 $120
1-Yr. Change 3.9% 6.6%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Local vs National Demographics

 LocalNational
Median Household Income 99,102 44,512
Single Males 12.1% 14.6%
Single Females 13.2% 12.5%
Median Age 40 36
Homes With Kids 28.4% 31.4%
Average Household Size 2 2
Average Commute Time (Minutes) 29 26

Bethesda Real Estate Listings

Active Listings in Bethesda

9705 MONTAUK AVE Bethesda, MD 20817
Photo of 9705 MONTAUK AVE, Bethesda, MD 20817 (MLS # MC8469919)
5 beds 5 baths $1,150,000
8601 IRVINGTON AVE Bethesda, MD 20817
Photo of 8601 IRVINGTON AVE, Bethesda, MD 20817 (MLS # MC8469689)
3 beds 3 baths $699,900
6905 LOCH LOMOND DR Bethesda, MD 20817
Photo of 6905 LOCH LOMOND DR, Bethesda, MD 20817 (MLS # MC8469593)
6 beds 4 baths 3,950 sqft $1,120,000
6303 MAIDEN LN Bethesda, MD 20817
Photo of 6303 MAIDEN LN, Bethesda, MD 20817 (MLS # MC8468952)
5 beds 5 baths $1,850,000
6 HOLLY LEAF CT Bethesda, MD 20817
Photo of 6 HOLLY LEAF CT, Bethesda, MD 20817 (MLS # MC8468694)
5 beds 5 baths $1,995,000
6005 FOLKSTONE RD Bethesda, MD 20817
Photo of 6005 FOLKSTONE RD, Bethesda, MD 20817 (MLS # MC8468487)
5 beds 5 baths 5,608 sqft $1,625,000
9214 EWING DR Bethesda, MD 20817
Photo of 9214 EWING DR, Bethesda, MD 20817 (MLS # MC8468358)
4 beds 2 baths $705,000
6505 WISCASSET RD Bethesda, MD 20816
Photo of 6505 WISCASSET RD, Bethesda, MD 20816 (MLS # MC8468123)
5 beds 7 baths $1,350,000
7500 WOODMONT AVE, Unit S711 Bethesda, MD 20814
Photo of 7500 WOODMONT AVE, Unit S711, Bethesda, MD 20814 (MLS # MC8467799)
1 bed 1 bath 792 sqft $424,900
5816 PLAINVIEW RD Bethesda, MD 20817
Photo of 5816 PLAINVIEW RD, Bethesda, MD 20817 (MLS # MC8467475)
5 beds 6 baths $1,999,900
7009 RAINSWOOD CT Bethesda, MD 20817
Photo of 7009 RAINSWOOD CT, Bethesda, MD 20817 (MLS # MC8467210)
5 beds 4 baths $1,165,000
9432 ROSEHILL DR Bethesda, MD 20817
Photo of 9432 ROSEHILL DR, Bethesda, MD 20817 (MLS # MC8467078)
5 beds 6 baths $1,925,000
4808 MOORLAND LN, Unit 402 Bethesda, MD 20814
Photo of 4808 MOORLAND LN, Unit 402, Bethesda, MD 20814 (MLS # MC8466647)
1 bed 1 bath 664 sqft $420,000
5618 ROOSEVELT ST Bethesda, MD 20817
Photo of 5618 ROOSEVELT ST, Bethesda, MD 20817 (MLS # MC8466641)
3 beds 2 baths 1,604 sqft $675,000
4711 DOVER RD Bethesda, MD 20816
Photo of 4711 DOVER RD, Bethesda, MD 20816 (MLS # MC8466551)
3 beds 3 baths 1,646 sqft $775,000
5608 NEWINGTON RD Bethesda, MD 20816
Photo of 5608 NEWINGTON RD, Bethesda, MD 20816 (MLS # MC8466374)
3 beds 3 baths 2,166 sqft $916,000
10113 ASHBURTON LN Bethesda, MD 20817
Photo of 10113 ASHBURTON LN, Bethesda, MD 20817 (MLS # MC8466125)
4 beds 3 baths $709,000
4324 ROSEDALE AVE Bethesda, MD 20814
Photo of 4324 ROSEDALE AVE, Bethesda, MD 20814 (MLS # MC8466102)
4 beds 4 baths $1,595,000
5011 KEOKUK ST Bethesda, MD 20816
Photo of 5011 KEOKUK ST, Bethesda, MD 20816 (MLS # MC8465922)
4 beds 4 baths 2,039 sqft $850,000
5700 GLOSTER RD Bethesda, MD 20816
Photo of 5700 GLOSTER RD, Bethesda, MD 20816 (MLS # MC8465805)
3 beds 3 baths $859,000
4504 GRETNA ST Bethesda, MD 20814
Photo of 4504 GRETNA ST, Bethesda, MD 20814 (MLS # MC8465770)
4 beds 3 baths 2,200 sqft $699,000
5008 BENTON AVE Bethesda, MD 20814
Photo of 5008 BENTON AVE, Bethesda, MD 20814 (MLS # MC8465229)
4 beds 3 baths $774,900
8807 MEAD ST Bethesda, MD 20817
Photo of 8807 MEAD ST, Bethesda, MD 20817 (MLS # MC8465134)
3 beds 2 baths $759,000
8711 SEVEN LOCKS RD Bethesda, MD 20817
Photo of 8711 SEVEN LOCKS RD, Bethesda, MD 20817 (MLS # MC8464108)
5 beds 5 baths $1,095,000
7124 GREENTREE RD Bethesda, MD 20817
Photo of 7124 GREENTREE RD, Bethesda, MD 20817 (MLS # MC8463775)
4 beds 5 baths $875,000
6214 CRATHIE LN Bethesda, MD 20816
Photo of 6214 CRATHIE LN, Bethesda, MD 20816 (MLS # MC8463474)
4 beds 3 baths $885,000
5808 IPSWICH RD Bethesda, MD 20814
Photo of 5808 IPSWICH RD, Bethesda, MD 20814 (MLS # MC8463317)
5 beds 5 baths 5,044 sqft $1,450,000
6913 NEVIS RD Bethesda, MD 20817
Photo of 6913 NEVIS RD, Bethesda, MD 20817 (MLS # MC8463246)
5 beds 5 baths $1,300,000
9021 LINDALE DR Bethesda, MD 20817
Photo of 9021 LINDALE DR, Bethesda, MD 20817 (MLS # MC8462580)
5 beds 5 baths 5,200 sqft $1,425,000
7700 BELLS MILL RD Bethesda, MD 20817
Photo of 7700 BELLS MILL RD, Bethesda, MD 20817 (MLS # MC8461841)
5 beds 5 baths $1,450,000

Sold Listings in Bethesda

5304 Portsmouth Rd Bethesda, MD 20816
5 beds 4 baths $0
6901 Persimmon Tree Rd Bethesda, MD 20817
Photo of 6901 Persimmon Tree Rd, Bethesda, MD 20817 (MLS # MC8441621)
4 beds 3 baths $0
6218 Rockhurst Rd Bethesda, MD 20817
Photo of 6218 Rockhurst Rd, Bethesda, MD 20817 (MLS # MC8437349)
3 beds 2 baths $0
5612 Greentree Rd Bethesda, MD 20817
Photo of 5612 Greentree Rd, Bethesda, MD 20817 (MLS # MC8433262)
3 beds 3 baths $0
4532 Rosedale Ave Bethesda, MD 20814
Photo of 4532 Rosedale Ave, Bethesda, MD 20814 (MLS # MC8427094)
3 beds 2 baths $0
6317 W Halbert Rd Bethesda, MD 20817
Photo of 6317 W Halbert Rd, Bethesda, MD 20817 (MLS # MC8426470)
5 beds 3 baths 3,306 sqft $0
5001 Wyandot Ct Bethesda, MD 20816
Photo of 5001 Wyandot Ct, Bethesda, MD 20816 (MLS # MC8425519)
5 beds 4 baths 3,650 sqft $0
9400 Kingsley Ave Bethesda, MD 20814
Photo of 9400 Kingsley Ave, Bethesda, MD 20814 (MLS # MC8423958)
2 beds 2 baths $0
6820 Wisconsin Ave #8008 Bethesda, MD 20815
Photo of 6820 Wisconsin Ave #8008, Bethesda, MD 20815 (MLS # MC8420535)
1 bed 1 bath 946 sqft $0
7617 Maryknoll Ave Bethesda, MD 20817
Photo of 7617 Maryknoll Ave, Bethesda, MD 20817 (MLS # MC8420614)
3 beds 4 baths $0
5302 Worthington Dr Bethesda, MD 20816
Photo of 5302 Worthington Dr, Bethesda, MD 20816 (MLS # MC8420539)
3 beds 2 baths $0
7320 Greentree Rd Bethesda, MD 20817
Photo of 7320 Greentree Rd, Bethesda, MD 20817 (MLS # MC8419288)
3 beds 4 baths 2,352 sqft $0
10110 Crestberry Pl Bethesda, MD 20817
Photo of 10110 Crestberry Pl, Bethesda, MD 20817 (MLS # MC8419910)
3 beds 4 baths $0
5023 Sangamore Rd Bethesda, MD 20816
Photo of 5023 Sangamore Rd, Bethesda, MD 20816 (MLS # MC8419729)
4 beds 3 baths 2,764 sqft $0
9314 Parkhill Dr E Bethesda, MD 20814
Photo of 9314 Parkhill Dr E, Bethesda, MD 20814 (MLS # MC8418050)
4 beds 3 baths $0
6405 Marjory Ln Bethesda, MD 20817
Photo of 6405 Marjory Ln, Bethesda, MD 20817 (MLS # MC8418566)
3 beds 2 baths $0
6600 Persimmon Tree Rd Bethesda, MD 20817
Photo of 6600 Persimmon Tree Rd, Bethesda, MD 20817 (MLS # MC8416061)
5 beds 4 baths $0
8210 Hawthorne Rd Bethesda, MD 20817
Photo of 8210 Hawthorne Rd, Bethesda, MD 20817 (MLS # MC8413459)
4 beds 3 baths 2,361 sqft $0
6100 Clearwood Rd Bethesda, MD 20817
Photo of 6100 Clearwood Rd, Bethesda, MD 20817 (MLS # MC8413058)
5 beds 4 baths 5,400 sqft $0
5304 Duvall Dr Bethesda, MD 20816
Photo of 5304 Duvall Dr, Bethesda, MD 20816 (MLS # MC8410447)
5 beds 4 baths $0
5813 Johnson Ave Bethesda, MD 20817
Photo of 5813 Johnson Ave, Bethesda, MD 20817 (MLS # MC8409875)
6 beds 5 baths $0
5500 Albemarle St Bethesda, MD 20816
Photo of 5500 Albemarle St, Bethesda, MD 20816 (MLS # MC8408678)
4 beds 4 baths $0
5300 Ridgefield Rd Bethesda, MD 20816
Photo of 5300 Ridgefield Rd, Bethesda, MD 20816 (MLS # MC8408294)
4 beds 6 baths 4,445 sqft $0
5601 Oakmont Ave Bethesda, MD 20817
Photo of 5601 Oakmont Ave, Bethesda, MD 20817 (MLS # MC8408185)
4 beds 5 baths 2,597 sqft $0
10246 Arizona Cir #36 Bethesda, MD 20817
Photo of 10246 Arizona Cir #36, Bethesda, MD 20817 (MLS # MC8408014)
4 beds 4 baths 1,590 sqft $0
8216 Stone Trail Dr Bethesda, MD 20817
Photo of 8216 Stone Trail Dr, Bethesda, MD 20817 (MLS # MC8408803)
4 beds 3 baths $0
5320 Albemarle St Bethesda, MD 20816
Photo of 5320 Albemarle St, Bethesda, MD 20816 (MLS # MC8408029)
6 beds 5 baths $0
5609 Ridgefield Rd Bethesda, MD 20816
Photo of 5609 Ridgefield Rd, Bethesda, MD 20816 (MLS # MC8408676)
4 beds 3 baths $0
7518 Cayuga Ave Bethesda, MD 20817
Photo of 7518 Cayuga Ave, Bethesda, MD 20817 (MLS # MC8407022)
4 beds 3 baths 2,675 sqft $0
10014 Montauk Ave Bethesda, MD 20817
Photo of 10014 Montauk Ave, Bethesda, MD 20817 (MLS # MC8407213)
3 beds 3 baths 1,664 sqft $0

Walk Score for Bethesda



Bethesda School Data

Bethesda School Districts

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Bethesda Schools

Ashburton Elementary School
PK-5, public
Bannockburn Elementary School
K-5, public
Bethesda-Chevy Chase High School
9-12, public
Bethesda Elementary School
K-5, public
Bradley Hills Elementary School
K-5, public
Burning Tree Elementary School
K-5, public
Carderock Springs Elementary School
K-5, public
Seven Locks Elementary School
K-5, public
Walt Whitman High School
9-12, public
http://www.montgomeryschoolsmd.org/schools/whitmanhs/
Walter Johnson High School
9-12, public
Weller Road Elementary School
PK-5, public
Westbrook Elementary School
K-5, public
Westland Middle School
6-8, public
Wood Acres Elementary School
PK-5, public
Wyngate Elementary School
K-5, public
Thomas W. Pyle Middle School
6-8, public
The Primary Day School
PK-2, private
http://www.theprimarydayschool.org
Holton-Arms School
3-12, private
Landon School
3-12, private
http://www.landon.net/
Norwood School
K-8, private
Harbor School
PK-2, private
http://www.theharborschool.org/index.htm
French International School
PK-12, private
Connelly School of the Holy Child
6-12, private
http://www.holychild.org
Our Lady Of Lourdes School
PK-8, private
The Woods Academy
PK-8, private
http://www.woodsacademy.org