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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,855, 981 total housing units (homes and apartments), and a median house value of $1,698,930, 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 ( 96.74%).
The housing in Chevy Chase was primarily built before 1939 ( 70.65%), 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 ( 15.18%), followed by between 2000 and later ( 10.45%). There's also some housing in Chevy Chase built between 1970-1999 ( 3.72%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Chevy Chase, where house values have increased just 37.15%, which is annualized rate of 3.21%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Chevy Chase's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, Chevy Chase's appreciation rate has been 4.78%, which annualizes to a rate of 20.52%.
Importantly, this makes Chevy Chase one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
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.
$1,698,930
for Maryland
for nation
981
$5,046 / per month