Bethesda is an area in Maryland just northwest of Washington, D.C. It is a census-designated place, not a city, but it was named number one on Forbes’ 2014 list of America’s most educated small towns. Although Bethesda has a rich history in the development of America, most of the homes on the market were built after 1975. The majority of homes in the D.C. area are owner-occupied, single-family, detached units, followed by complexes or high-rise apartments.
Bethesda is made up of several distinct neighborhoods. The Battery Park/Bradley Hills area has mostly large- to medium-sized single-family homes with a median price of over one million dollars. The Westmoreland Hills/Glen Mar Park neighborhood also contains medium- to large-sized single family homes, as well as a number of high-rise apartment complexes. It is mostly owner-occupied, and the median home price is comparable to that of Battery Park. Glen Echo, which encompasses the southwestern part of Bethesda, is a more suburban area with large- to medium-sized single-family homes and high-rise apartment buildings. The homes in Glen Echo are well-established, the majority of them having been built between 1940 and 1969. The Columbia Forest/Glenbrook neighborhood is home to Walter Reid National Military Medical Center and Naval Support Activity Bethesda (NSAB). Real estate in this area is mostly medium- to large-sized single family homes and is mostly owner-occupied.
Because Bethesda is in such proximity to the nation’s capital, many of the residents work in government-related fields. The National Institutes of Health (NIH) campus is located in Bethesda, as are the National Naval Medical Center and the U.S. Consumer Product Safety Commission. Several private companies are also headquartered in Bethesda. The ATM network Allpoint and Chevy Chase Bank are two such companies. Lockheed Martin, an aerospace company which operates in several states and internationally, has its corporate headquarters in Bethesda, as do Marriott International and the Honest Tea company.