Housing costs in Chevy Chase Section Five?
A typical home costs
$1,607,300, which is 375.4% more expensive than the national average of
$338,100 and 314.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Chevy Chase Section Five costs
$2,450 per month, which is 71.3% more than the national average of
$1,430 and 33.9% more than the state average of
$1,620.
Can I afford Chevy Chase Section Five?
To live comfortably in Chevy Chase Section Five, Maryland, a minimum annual income of
$307,800 for a family, and
$86,000 for a single person is recommended.
What does A.I. say about Chevy Chase Section Five?
The cost of living in Chevy Chase Section Five, MD is on the higher end compared to other areas. According to Sperling's Best Places, there is a cost of living index score of 143.6, which is significantly higher than the US average of 100. The median home price in this area is $1,060,200 and the median rent comes in at $2,922 per month. Despite the high costs, locals also get to enjoy amenities such as a prestigious school system and pleasant parks. All these factors make Chevy Chase Section Five an attractive place for many residents to call home.