Bethesda, MD Foreclosed Homes & Properties

Foreclosure Homes for Sale in Bethesda, MD: Everything You Should Know

Bethesda, MD, is one expensive city to live in. While the median value for a home in Maryland is $294,100, the average house in Bethesda costs $846,400. The cost of living is 40% higher than the national average. You should expect to pay around $2,383 per month for rent, $167.83 for electricity, and $178.90 for your phone bill. Food and groceries cost 15% more than in the rest of the U.S.; however, healthcare costs here are 6% lower than national averages. The sales tax rate is 5.75%.

Job Opportunities in Bethesda

The leading industries, in terms of the number of employees, are healthcare, government, retail trade, and professional/technical services. There are two Fortune 500 companies with headquarters in Bethesda: Lockheed Martin (No. 60), and Marriott International (No. 127). Maryland has more than 50 federal agencies and research facilities, but it’s the finance sector that dominates the Bethesda industry. The average salary is $74,000, a 1.23% increase in 2020.

Know Your Neighborhoods 

Bethesda is located in southern Montgomery County, which is northwest of Washington, D.C. This is a bustling suburb that is pedestrian-friendly and features high-end shopping and dining. This health-conscious community has many restaurants and businesses that cater to a healthy and fitness geared lifestyle. You will find large, luxurious condominiums in the downtown area, and houses have been upgraded to have a modern feel. Some expensive and highly sought-out neighborhoods include Battery Park, Bannockburn Estates, Landon Village, and Westmoreland Hills. There are many safe housing communities in this city; some are Bells Mill, Green Tree Manor, and Alta Vista Terrace. The more affordable areas are New Mark Commons, Garrett Park Estates, and Parkview. 

Schools and Higher Education 

The Montgomery County Public Schools (MCPS) School District serves the city of Bethesda. It has been ranked as the number one school district in the nation for three years in a row. The entire state of Maryland has ranked first nationally for three concurrent years in the percentage of graduates who scored at the mastery level on Advanced Placement exams. There are 208 schools with 165,267 enrolled students in 2019. The graduation rate for MCPS is 88.4%. The student body is diverse and includes 26.9% Whites, 32.4% Latinos, 21.4% Blacks, and 14.1% Asians amongst other races.  Colleges located in or near Bethesda include George Washington University (Private, 4 yr.), Howard University (Private, 4 yr.), American University (Private, 4 yr.), and Prince George’s Community College (Public, 2 yr.).