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Chevy Chase Section Three

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

Median Home$1,343,100
Median Rent$3,239/month
Population778
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare4% education
Home Value Growth⬆⬆+12.2% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners79% of occupied units
NotableHigh Incomes$208k/year · top 1% nationally
Chevy Chase Section Three
MD

Explore Chevy Chase Section Three

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

Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Chevy Chase Section Three is approximately 6.945% (6.983% 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 Three?

The median home value in Chevy Chase Section Three is $1.3M. The median monthly rent is $3,239. 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 Three?

Home values in Chevy Chase Section Three have increased 12.2% 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 Section Three?

Based on a typical all-in ownership cost of $3,632/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $156k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chevy Chase Section Three is $208k/year.

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What industries drive the economy in Chevy Chase Section Three?

The largest employment sectors in Chevy Chase Section Three are public administration (22%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.