According to statistics, the population in Bethesda, MD amounts to 63,168, which shows decline 1% compared to the previous year. The median age of the city’s residents is 43. The average household income is $154,559, shifting growth 5% from the past year, and the average property value in Bethesda, MD growth 2% to $877,300 throughout the year.
|Number Of Employees||32,807|
|Median Property Value||$877,300|
The average household income in Bethesda, MD grew from $146,664 to $154,559 in the past year. This data is an estimate based upon 25,273 households in Bethesda, MD . The chart below presents how household income is distributed in Bethesda, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Bethesda, MD shifted from $858,800 to $877,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bethesda, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bethesda, MD properties falls in the '$750,000 to $999,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bethesda, MD compared to median property taxes around the country. The prevalent amount of property taxes in Bethesda, MD equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$197,450||N/A|
|1 bed for sale||$229,800||-31.8%|
|2 bed for sale||$553,604||-15.6%|
|3 bed for sale||$910,514||-8.6%|
|4+ bed for sale||$1,714,587||-12.6%|
During Jul 2022, the average price for an apartment in/near Bethesda, MD decreased by 0.8% to $1,318,408.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 31.8% to $229,800. Asking price for 2-bed apartment also decreased by 15.6% and a place of this size will now cost you $553,604. A 3-bed apartment goes for $910,514, it decreased by 8.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12.6% and made it down to $1,714,587.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$710,872||-18.1%|
|Apartments for sale||$778,333||N/A|
|Houses for sale||$1,617,499||-12.9%|
|Condos for sale||$490,473||+0.2%|
|Land for sale||$1,300,000||N/A|
While assessing the property pricing Bethesda, MD, you can note that it remains flat with a price tag of $778,333. Price reports demonstrate that house price decreased by 12.9% this month making it up to $1,617,499. Condos are really in demand in this season. The median price for a condo increased by 0.2%, it’s now available for $490,473. The property value of townhouses decreased by 18.1%, you’ll have to spend around $710,872 to get one.