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Cheverly

Learn about the people, housing, costs and businesses in Cheverly, Maryland

Median Home$496,468
Median Rent$2,269/month
Population5,652
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth+7.6% over 2 years
Retirees30% of residentswell above average
Homeowners69% of occupied units
NotableHigh Incomes$117k/year · top 10% nationally
NotableTransit80/100 · excellent transit access
Cheverly
MD

Frequently Asked Questions

What are today's mortgage rates in Cheverly?

As of today, the 30-year fixed mortgage rate for Cheverly is approximately 6.885% (6.921% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cheverly?

The median home value in Cheverly is $496k. The median monthly rent is $2,269. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cheverly?

Home values in Cheverly have increased 7.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cheverly?

Based on a typical all-in ownership cost of $2,043/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cheverly is $117k/year.

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What industries drive the economy in Cheverly?

The largest employment sectors in Cheverly are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.