Chevy Chase Section Three, MD is an affluent neighbourhood that has seen a steady increase in housing values over the past year. According to recent data, the median value for housing in Chevy Chase Section Three is $1,581,200 - significantly higher than the national median of $338,100. While the nation's one-year house appreciation rate was 8.27%, homes in Chevy Chase Section Three appreciated at a slightly slower rate of 5.58%. This indicates that this area is an excellent investment for those seeking to purchase property or invest in real estate.
The median home cost in Chevy Chase Section Three is $1,581,200. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Chevy Chase Section Three is up 11.3%.
Average Age of Homes
- The median age of Chevy Chase Section Three real estate is 78 years old
The Rental Market in Chevy Chase Section Three
- Renters make up 1.8% of the Chevy Chase Section Three population
- 0.0% of houses and apartments in Chevy Chase Section Three, 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.