Chevy Chase Section Five, MD is an affluent neighborhood, with a median housing value of $1,607,300 according to recent data. This is significantly higher than the US house median value of $338,100. Despite the US house appreciation rate of 8.27% over one year, Chevy Chase Section Five has had a slightly lower appreciation rate of 5.58%. Overall, this makes Chevy Chase Section Five a promising neighborhood for both current and potential homeowners looking for luxury living in a desirable location.
The median home cost in Chevy Chase Section Five is $1,607,300. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Chevy Chase Section Five is up 11.3%.
Average Age of Homes
- The median age of Chevy Chase Section Five real estate is 78 years old
The Rental Market in Chevy Chase Section Five
- Renters make up 4.1% of the Chevy Chase Section Five population
- 0.0% of houses and apartments in Chevy Chase Section Five, 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.