The Most Affordable Neighborhoods in Chevy Chase Village, MD by Home Value

 

Chevy Chase Village, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chevy Chase Village area can be challenging. Home prices in Chevy Chase Village are now at a median cost of $1,839,627, higher than the Maryland average of $357,815.

The average cost of rent is $3,482/mo in Chevy Chase Village, primarily driven by the current value of real estate in the Chevy Chase Village area. While nearly 39.88% of residents own their homes outright in Chevy Chase Village, 2.45% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chevy Chase Village is $20,833 per month. Households that rent pay about 16.71% of their income on rent here. Chevy Chase Village's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.


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