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Chevy Chase Section Five

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

Median Home$1,359,471
Median Rent$3,285/month
Population654
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education20% healthcare
Home Value Growth⬆⬆+12.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners81% of occupied units
NotableHigh Incomes$216k/year · top 1% nationally
NotableHighly Educated28% bachelor's · 20% graduate · top 12% nationally
Chevy Chase Section Five
MD

Explore Chevy Chase Section Five

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Chevy Chase Section Five?

As of today, the 30-year fixed mortgage rate for Chevy Chase Section Five is approximately 6.890% (6.932% 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 Section Five?

The median home value in Chevy Chase Section Five is $1.4M. The median monthly rent is $3,285. 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 Section Five?

Home values in Chevy Chase Section Five have increased 12.7% 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 Section Five?

Based on a typical all-in ownership cost of $3,697/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $158k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chevy Chase Section Five is $216k/year.

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What industries drive the economy in Chevy Chase Section Five?

The largest employment sectors in Chevy Chase Section Five are healthcare (20%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.