The housing market in Chevy Chase town, MD is strong. The median value of a house is $1,617,200, much higher than the US House Median Value of $338,100. Despite the higher prices, the US 1 year House Appreciation rate of 8.27% has been exceeded by Chevy Chase town's 5.58% appreciation rate over the same period. This suggests that despite high prices in the area, demand remains high and will likely ensure house values continue to rise over time.
The median home cost in Chevy Chase is $1,617,200. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Chevy Chase is up 11.3%.
Average Age of Homes
- The median age of Chevy Chase real estate is 78 years old
The Rental Market in Chevy Chase
- Renters make up 4.4% of the Chevy Chase population
- 0.0% of houses and apartments in Chevy Chase, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.