Chevy Chase, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chevy Chase Neighborhoods Since 2000




Chevy Chase, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chevy Chase Housing Market Information

With 2,985 people, 1,041 houses or apartments, and a median cost of homes of $1,294,272, 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.

Chevy Chase is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chevy Chase than is found in 98% of the communities in America.

The large homes that make up Chevy Chase are primarily owner-occupied ( 95.29%).

The housing in Chevy Chase was primarily built before 1939 ( 74.13%), making the housing stock in Chevy Chase some of the oldest overall in America, although there is a range of ages of homes in Chevy Chase. The next most important housing age is between 1940-1969 ( 12.44%), followed by between 2000 and later ( 7.79%). There's also some housing in Chevy Chase built between 1970-1999 ( 5.64%).

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 14.93% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Chevy Chase in the top 20% 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 1.87%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Chevy Chase's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Chevy Chase differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chevy Chase - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Chevy Chase real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,294,272

Chevy Chase, MD HOME PRICES

Value Range
> $1,095,000 70.9
$821,001 - $1,095,000 23.5
$547,001 - $821,000 3.0
$438,001 - $547,000 0.4
$328,001 - $438,000 0.6
$219,001 - $328,000 0.7
$109,001 - $219,000 0.5
$55,001 - $109,000 0.0
$0 - $55,000 0.5

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
0.626977616313137 0.763358778625954

Number Of Homes And Apartments:
1,041

Chevy Chase Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
122.09% 4.73% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,438 / per month

Homeownership Rate

Homeownership
Owners 95.29
Renters 4.71
Vacant 6.80

Housing Market Details

 

Age of Homes

AGE OF Chevy Chase HOMES
2000 or Newer 7.8
1970 - 1999 5.6
1940 - 1969 12.4
1939 or Older 74.1

Types of Homes

TYPE OF Chevy Chase HOMES
Single-Family 100.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chevy Chase HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 1.61
3 Bedrooms 25.16
4 Bedrooms 41.36
5 or more bedrooms 31.87