Chevy Chase, MD—20815
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chevy Chase, MD
As of Oct '25, the median home price in Chevy Chase, MD is $1,150,000, with a year-over-year change of 2.0%. This indicates that home prices in Chevy Chase, MD are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,150,000 | 2.0% |
| Single Family | $1,396,000 | 0.9% |
| Condos | $498,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $305,000 | -3.8% |
2 Bed | $646,000 | 1.1% |
3 Bed | $1,048,000 | 0.7% |
4 Bed | $1,517,000 | 0.4% |
| 5 Bed | $2,144,000 | 0.3% |
% of Housing Stock
Rental Trends — Chevy Chase, MD
As of July '25, Rentcast reports the average rent in Chevy Chase, MD is $3,510, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Chevy Chase, MD is studios: $1,710, 1-bedrooms: $2,340, 2-bedrooms: $3,510, 3-bedrooms: $4,560, 4-bedrooms: $5,920. The most common rental property sizes in Chevy Chase, MD are 1-bedroom and 2-bedroom, accounting for 41.2% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,510 |
| Studio Rent | $1,600 | $1,710 |
| 1 Bed Rent | $2,250 | $2,340 |
| 2 Bed Rent | $3,300 | $3,510 |
| 3 Bed Rent | $4,200 | $4,560 |
| 4 Bed Rent | $6,000 | $5,920 |
% of Rental Stock
Property Listings — Chevy Chase, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Chevy Chase, MD is 38. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,020,000 | -15.0% |
Listing Count | 185 | 50.0% |
| Listings as % of Homes | 0.5% | 50.0% |
Days on Market | 38 | -10.0% |
Demographics — Chevy Chase, MD
As of the latest ACS Survey released in 2023, Chevy Chase, MD has a population of 31,300, which has increased by 2.5% over the past 5 years. Chevy Chase, MD is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 85.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,300 | 2.5% |
% Under 18 | 21.9% | 2.8% |
% Seniors | 25.5% | 13.3% |
% WFH | 35.4% | 185.5% |
% w/ College Degree | 85.0% | -1.3% |
As of the latest ACS Survey released in 2023, Chevy Chase, MD is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Chevy Chase, MD is asian, making up 9.4% of the population. Foreign-born residents account for 17.8% of the population in Chevy Chase, MD, and this percentage has decreased by 10.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.1% | -6.9% |
% Black | 7.0% | 32.1% |
% Hispanic | 6.0% | -17.8% |
% Asian | 9.4% | 62.1% |
% Foreign Born | 17.8% | -10.6% |
Mortgage and Risk — Chevy Chase, MD
According to HUD data as of 2023, there were 355 mortgage originations in Chevy Chase, MD, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Chevy Chase, MD. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 355 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Chevy Chase, MD
As of 2024, the percent of homes in Chevy Chase, MD under the Section 8 program is 1.8%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Chevy Chase, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 91 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $2,250 | $2,430 |
| 2 Bedroom | -$570 | $3,300 | $2,730 |
| 3 Bedroom | -$790 | $4,200 | $3,410 |
| 4 Bedroom | -$1,970 | $6,000 | $4,030 |
Affordability — Chevy Chase, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $1,150,000 |
| Median Household Income | $198,000 |