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These days, finding an affordable place to live in the Chevy Chase area can be challenging. Home prices in Chevy Chase are now at a median cost of $1,168,888, higher than the Maryland average of $450,578.
The average cost of rent is $2,788/mo in Chevy Chase, primarily driven by the current value of real estate in the Chevy Chase area. In Chevy Chase, 41.56% of households rent, and 32.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chevy Chase is $14,996 per month. Households that rent pay about 18.59% of their income on rent here. Chevy Chase’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chevy Chase Section Three, MD: higher priced homes
- Chevy Chase Section Five, MD: higher priced homes
- Chevy Chase Village, MD: higher priced homes
- Martins Additions, MD: higher priced homes
- Somerset, MD: equally priced homes
- North Chevy Chase, MD: equally priced homes
- Bethesda, MD: equally priced homes
- Chevy Chase View, MD: higher priced homes
- South Kensington, MD: less expensive homes
- Glen Echo, MD: higher priced homes
Cities with Similar Populations
- Reading, MA: less expensive homes
- Hazelwood, MO: less expensive homes
- Hernando, MS: less expensive homes
- Imperial Beach, CA: less expensive homes
- Inkster, MI: less expensive homes
- Kings Mountain, NC: less expensive homes
- Lewes, DE: less expensive homes
- Mahopac, NY: less expensive homes
- New Milford, CT: less expensive homes
- Hatillo, PR: less expensive homes
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