Chevy Chase, Washington, DC—20015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chevy Chase, Washington, DC
As of Oct '25, the median home price in Chevy Chase, Washington, DC is $1,348,000, with a year-over-year change of 0.3%. This indicates that home prices in Chevy Chase, Washington, DC are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,348,000 | 0.3% |
| Single Family | $1,406,000 | 0.0% |
| Condos | $342,000 | -2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $275,000 | -3.8% |
2 Bed | $814,000 | -1.0% |
3 Bed | $1,212,000 | 0.3% |
4 Bed | $1,455,000 | -0.3% |
| 5 Bed | $1,838,000 | 0.5% |
% of Housing Stock
Rental Trends — Chevy Chase, Washington, DC
As of July '25, Rentcast reports the average rent in Chevy Chase, Washington, DC is $5,150, with a year-over-year rent change of 29.4%. Per bedroom, the median rent as of July '25 in Chevy Chase, Washington, DC is studios: $1,760, 1-bedrooms: $2,160, 2-bedrooms: $4,890, 3-bedrooms: $6,340, 4-bedrooms: $6,140. The most common rental property sizes in Chevy Chase, Washington, DC are 1-bedroom and studio, accounting for 43.0% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,040 | $5,150 |
| Studio Rent | $1,720 | $1,760 |
| 1 Bed Rent | $2,240 | $2,160 |
| 2 Bed Rent | $5,100 | $4,890 |
| 3 Bed Rent | $6,490 | $6,340 |
| 4 Bed Rent | $6,200 | $6,140 |
% of Rental Stock
Property Listings — Chevy Chase, Washington, DC
As of Oct '25, Realtor.com reports that the median days on market for a home in Chevy Chase, Washington, DC is 29. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,320,000 | -5.0% |
Listing Count | 69 | 78.0% |
| Listings as % of Homes | 0.4% | 78.0% |
Days on Market | 29 | 10.0% |
Demographics — Chevy Chase, Washington, DC
As of the latest ACS Survey released in 2023, Chevy Chase, Washington, DC has a population of 15,400, which has decreased by -6.0% over the past 5 years. Chevy Chase, Washington, DC is a moderately popular place for families, as children make up 25.0% of the population. The area has a highly educated workforce, with 85.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 36.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | -6.0% |
% Under 18 | 25.0% | -2.0% |
% Seniors | 26.1% | 24.3% |
% WFH | 36.3% | 148.6% |
% w/ College Degree | 85.7% | -0.8% |
As of the latest ACS Survey released in 2023, Chevy Chase, Washington, DC is a predominantly white area, with 66.2% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Chevy Chase, Washington, DC is hispanic, making up 10.5% of the population. Foreign-born residents account for 15.9% of the population in Chevy Chase, Washington, DC, and this percentage has increased by 9.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.2% | -9.9% |
% Black | 9.4% | 28.8% |
% Hispanic | 10.5% | -2.8% |
% Asian | 6.2% | 10.7% |
% Foreign Born | 15.9% | 9.7% |
Mortgage and Risk — Chevy Chase, Washington, DC
According to HUD data as of 2023, there were 279 mortgage originations in Chevy Chase, Washington, DC, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Chevy Chase, Washington, DC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 279 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Chevy Chase, Washington, DC
As of 2024, the percent of homes in Chevy Chase, Washington, DC under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Chevy Chase, Washington, DC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 215 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $2,240 | $2,010 |
| 2 Bedroom | -$2,840 | $5,100 | $2,260 |
| 3 Bedroom | -$3,660 | $6,490 | $2,830 |
| 4 Bedroom | -$2,870 | $6,200 | $3,330 |
Affordability — Chevy Chase, Washington, DC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $1,348,000 |
| Median Household Income | $250,000 |