Chevy Chase Village, MD is a highly sought-after area for housing due to its median value of $2,120,100. This is over six times higher than the US House Median Value of $338,100. Despite the 1-year US House Appreciation rate of 8.27%, the appreciation rate in Chevy Chase Village is slightly lower at 5.58%. The high median value and strong appreciation rate have made this one of the most desirable places to own a home in Maryland.
The median home cost in Chevy Chase Village is $2,120,100. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Chevy Chase Village is up 11.3%.
Average Age of Homes
- The median age of Chevy Chase Village real estate is 78 years old
The Rental Market in Chevy Chase Village
- Renters make up 3.0% of the Chevy Chase Village population
- 0.0% of houses and apartments in Chevy Chase Village, 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.