Real Estate Investing in Bethesda, Maryland (20817)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Montgomery County • Population: 37,738 • Data updated: September 2026

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Should you buy in 20817 (Bethesda, MD)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High price-to-rent: Price-to-rent ratio 29.4 — hard to cash-flow at these prices.

What’s happening in Bethesda, MD (20817)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $1,307,719
Avg Monthly Rent $3,712
1% Rule ✗ Does Not Meet
Median Income $231,292
% Renters 16.9%

Market Analysis: 20817 Bethesda

Not every below-median market is a bargain. Bethesda's 20817 ZIP records signals that favor experienced operators who can absorb the risk $1.3M pricing implies.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.3M asset, 20817 is the wrong submarket. If the plan prices in friction, the yield can still work.

In the broader MD picture, 20817 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.

The demographic picture in 20817 includes headwinds that any investor should price in. Income distribution skews lower than Bethesda averages, and tenant stability requires active management.

tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Bethesda:

C+ Average
Buy Confidence Score: 64/100
Affordability
10/25
Appreciation
18/25
Stability
13/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.7× the median income
Value Trend
Rising (+3.3%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $3,712/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 20817

Which property type performs best in this market?

Best for Cash Flow
1BR
8.9% cap rate
Best for Appreciation
5BR
+6.4% 5yr CAGR
Best Overall Value
2BR
$162,183/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
1BR $243,850 $3,020 8.9% +3.4% $243,850
2BR $324,366 $3,370 7.5% +3.5% $162,183
3BR $992,295 $4,250 3.1% +4.9% $330,765
4BR $1,209,503 $5,000 3.0% +5.5% $302,376
5BR $1,844,921 +6.4% $368,984

Market Trends

Home Value History (with trend line)

$1.4M$1.3M$1.1M$1.0M$887K$765KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$3,859$3,499$3,139$2,779$2,419$2,059Jul 2016Jul 2021Jul 2026

📊 How Does 20817 Compare?

Metric 20817 Bethesda Maryland
Home Value $1,307,719 $560,037 $424,997
5-Year CAGR 3.7% 2.8% 4.9%
Avg Rent $3,712 $3,629 -
Cap Rate 2.2% 2.6% -
💡 Why Invest in 20817? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 20817 (Bethesda, MD). Anonymous, moderated, never written by AI.

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Property managers serving Montgomery County

Manage rentals here? List your business →

American Community Management provides community association management and HOA services across Maryland, Virginia, and D.C. summary from their website

HOA
Unclaimed — is this your business? Claim it free

Iko Community Management provides HOA and community association management services in Columbia, MD and Suburban Maryland. summary from their website

HOA
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Melan Property Management delivers proactive property management solutions for multifamily and commercial real estate across Maryland, Washington D.C., and Miami. summary from their website

Small multifamilyCommercial
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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Investability
Good
Cap Rate
2.2%
Low
5yr Growth
+3.7%
Moderate

📊 Market Snapshot

Home Value $1,307,719
Monthly Rent $3,712
Price-to-Rent 29.4:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.4%
Cap Rate 2.2%
5-Year IRR 5.9%

📈 Home Appreciation

1-Year +3.3% ▲
3-Year CAGR +3.3% ▲
5-Year CAGR +3.7% ▲
10-Year CAGR +3.7% ▲

🏠 Rent Trends

1-Year +19.2% ▲
3-Year CAGR +8.9% ▲
5-Year CAGR +7.5% ▲
Negative Leverage — IRR / Tax Play Cap Rate: 2.2%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

Run an IRR Analysis →

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
4.7%
Low risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+3.7%
Stable
Eviction process: Moderate Rent control: Moderate

Demographics in 20817

Population: 37,738

💰 Median Household Income
$231,292
This area
$231,292
State
$107,932
USA
$74,580
🏠 Renter Occupied
16.9%
This area
16.9%
State
23.8%
USA
34.0%
💼 Unemployment Rate
2.6%
This area
2.6%
State
-20.0%
USA
3.7%
🎓 College Educated
85.6%
This area
85.6%
State
10.6%
USA
33.7%
👤 Median Age
45.4 years
This area
45.4 years
State
1.9 years
USA
38.9 years
🏚️ Vacancy Rate
4.7%
This area
4.7%
State
11.4%
USA
10.5%
👥 Population by Ethnicity
White 67.4%
Asian 15.7%
Other/Mixed 10.9%
Hispanic/Latino 6.9%
Black/African American 6.0%
👶 Under 18
25.5%
This area
25.5%
USA
22.0%
👴 65 and Over
19.2%
This area
19.2%
USA
17.3%
📊 Poverty Rate
2.8%
This area
2.8%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

🎓 Schools in 20817

A Avg School Grade
10 Schools
16.2:1 Avg Class Size
$20,473 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Carderock Springs Elementary

📚 K – 05 Elementary
👥
333 Students
👨‍🏫
13.5:1 Class Size
💰
$20,473 Per Student
A+ Excellent

Seven Locks Elementary

📚 K – 05 Elementary
👥
372 Students
👨‍🏫
14.8:1 Class Size
💰
$20,473 Per Student
A Very Good

Bannockburn Elementary

📚 K – 05 Elementary
👥
424 Students
👨‍🏫
17.1:1 Class Size
💰
$20,473 Per Student
A Very Good

Bradley Hills Elementary

📚 K – 05 Elementary
👥
466 Students
👨‍🏫
16.7:1 Class Size
💰
$20,473 Per Student
A Very Good

Burning Tree Elementary

📚 K – 05 Elementary
👥
484 Students
👨‍🏫
15.3:1 Class Size
💰
$20,473 Per Student
A Very Good

Wyngate Elementary

📚 K – 05 Elementary
👥
679 Students
👨‍🏫
17.6:1 Class Size
💰
$20,473 Per Student
A Very Good

Ashburton Elementary

📚 K – 05 Elementary
👥
821 Students
👨‍🏫
16.6:1 Class Size
💰
$20,473 Per Student
A Very Good

North Bethesda Middle

📚 06 – 08 Middle
👥
1,163 Students
👨‍🏫
16.5:1 Class Size
💰
$20,473 Per Student
A Very Good

Thomas W. Pyle Middle

📚 06 – 08 Middle
👥
1,260 Students
👨‍🏫
16.6:1 Class Size
💰
$20,473 Per Student
B+ Above Average

Walt Whitman High

📚 09 – 12 High School
👥
2,042 Students
👨‍🏫
17.4:1 Class Size
💰
$20,473 Per Student
About Repit School Scores

Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.

We evaluate schools based on factors that research shows actually impact educational outcomes:

  • Class Size — Smaller classes mean more individual attention
  • School Funding — Resources available for programs, staff, and facilities
  • Community Factors — Neighborhood characteristics that influence student success
  • School Environment — Size, type, and structure

Scores are updated annually using federal education data.

🎓 Nearby Colleges & Universities

8 Nearby 1,958 Off-Campus Students
C
SANS Technology Institute
1,771 students · 3.6 mi
C
Hair Expressions Academy
79 students · 4.7 mi
C
Omega Studios' School of Applied Recording Arts & Sciences
74 students · 5.0 mi
C
Wesley Theological Seminary
450 students · 5.1 mi
B
American University
13,019 students · 5.4 mi
C+
University of the District of Columbia
3,855 students · 5.8 mi
C
Marymount University
3,667 students · 6.5 mi
C
Paul Mitchell the School-Tysons Corner
94 students · 6.9 mi

Investor Insight: With 1,958 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What real estate strategy is ideal for Bethesda, MD?

In Bethesda, MD the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $1.3M prices and $3,712/mo rents suits that approach.

What is the renter demographic in Bethesda, MD?

Bethesda, MD draws a measured base of working renters. Demand at the $3,712/mo rent level is reasonable for standard single-family and small multi rentals.

Where do rents currently stand in Bethesda, MD?

Average rent in Bethesda, MD is approximately $3,712/mo per month. Against $1.3M home values that yields a reasonable rent-to-price ratio.

Should investors consider Bethesda, MD?

Bethesda, MD scores 3.0/5 for investability. Home values sit at $1.3M and rents near $3,712/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Is Bethesda, MD landlord-friendly?

For rental operators, Bethesda, MD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

You know 20817 now. You don’t know where it ranks.

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How 20817 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV

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