Chevy Chase appreciation rates and housing market information

Chevy Chase housing market information

With a population of 2,726, 1,024 total housing units (homes and apartments), and a median house value of $1,180,846, Chevy Chase house prices are not only among the most expensive in Maryland, Chevy Chase real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Chevy Chase, accounting for 99.71% of the town's housing units. Other types of housing that are prevalent in Chevy Chase include .

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Chevy Chase. Owner-occupied housing accounts for 90.72% of Chevy Chase's homes, and 68.85% have either three or four bedrooms, which is average sized relative to America.

The housing in Chevy Chase was primarily built before 1939 (78.04%), making the housing stock in Chevy Chase some of the older overall in America, although there is a range of ages of homes in Chevy Chase. The next most important Chevy Chase housing age is 1940-1969 (17.28%), followed by 1970-1994 (3.61%). There's also some housing in Chevy Chase built between 1995 and later (1.07%).

Chevy Chase home appreciation rates

In the last 10 years, Chevy Chase has experienced some of the highest home appreciation rates of any community in the nation. Chevy Chase real estate appreciated 116.06% over the last ten years, which is an average annual home appreciation rate of 11.60%, putting Chevy Chase in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chevy Chase definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Chevy Chase appreciation rates have trailed the rest of the nation. In the last twelve months, Chevy Chase's appreciation rate has been -7.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chevy Chase were at -0.52%, which equates to an annual appreciation rate of -2.08%.

Notably, Chevy Chase's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Chevy Chase's latest annual appreciation rate is higher than 31% of the other cities and towns in Maryland.