The housing market in 20815 Chevy Chase, MD is an attractive investment opportunity for buyers. The median value of a home in this area is $1,159,000, which is much higher than the US median value of $338,100. Furthermore, house prices have appreciated 5.58% over the past year compared to the national rate of 8.27%. From this data it appears that homes in 20815 Chevy Chase, MD are appreciating faster than the US average and could provide a substantial return on investment for those looking to purchase property in this area.
The median home cost in Chevy Chase (zip 20815) is $1,159,000. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Chevy Chase (zip 20815) is up 11.3%.
Average Age of Homes
- The median age of Chevy Chase (zip 20815) real estate is 56 years old
The Rental Market in Chevy Chase (zip 20815)
- Renters make up 35.5% of the Chevy Chase (zip 20815) population
- 2.6% of houses and apartments in Chevy Chase (zip 20815), 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.