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Chevy Chase

Learn about the people, housing, costs and businesses in Chevy Chase, Maryland

Median Home$1,309,277
Median Rent$3,423/month
Population9,526
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services24% arts, food & hospitality
Home Value Growth⬆⬆+14.2% over 2 years
Retirees22% of residentsnear the national average
Homeowners79% of occupied units
NotableHigh Incomes$222k/year · top 1% nationally
NotableHighly Educated27% bachelor's · 27% graduate · top 14% nationally
Chevy Chase
MD

Frequently Asked Questions

What are today's mortgage rates in Chevy Chase?

As of today, the 30-year fixed mortgage rate for Chevy Chase is approximately 7.012% (7.045% 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 Chevy Chase?

The median home value in Chevy Chase is $1.3M. The median monthly rent is $3,423. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chevy Chase?

Home values in Chevy Chase have increased 14.2% over the past two years. This indicates a strong appreciation trend. 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 Chevy Chase?

Based on a typical all-in ownership cost of $3,864/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $166k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chevy Chase is $222k/year.

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What industries drive the economy in Chevy Chase?

The largest employment sectors in Chevy Chase are healthcare (26%) and arts, food, and hospitality (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.