Chevy Chase, Maryland.
Typical home $1,211,150 (+1.1% in a year), asking rent $2,705 (-0.7%). Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
to buy the typical home at today's mortgage rate — +$3,070 (+93%) since Jan 2020.
- 1 year
- Up $12,964 +1%
- $1,198,187$1,211,150 since Sep 2025
- 5 years
- Up $148,519 +14%
- $1,062,631$1,211,150 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Chevy Chase$6,357
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in Chevy Chase, MD rose 1.1% over the past year — in step with the nation.
Asking rents in Chevy Chase, MD fell 0.7% over the past year — slower than the nation's +2.7%.
Owning the typical home in Chevy Chase runs $5,822/mo more than renting one — the widest that gap has been in this data.
That is $8,527 a month against $2,705 rent: a $6,357 mortgage payment, plus $873 property tax and $1,297 insurance & upkeep.
Owning vs renting — Chevy Chase
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$8,527
- Renting$2,705
- Mortgage only$6,357
Property tax · $873/mo 0.87% of value a year — the ACS 2020-2024 median bill over the median home value for Montgomery County, MD
Insurance & upkeep · $1,297/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Chevy Chase, Montgomery County, Maryland
Chevy Chase, in Montgomery County, had 10,176 people in the 2020 census. Half its households earn more than $211,765 a year and half less, against $132,450 across Montgomery County; 4% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Montgomery County was 3.5% in August 2026, and the county had 1.3% fewer jobs in 2025 than the year before. The most residents work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 26 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Chevy Chase is a community where residents are older than in most places, and households earn well above the county's typical income. Most homes are lived in by their owners, and typical home values and rents are high. Very few people live below the poverty line, and nearly all adults hold a four-year degree. Winters are cold, with a modest amount of snow, summers are hot, and rain and melted snow fall steadily through the year.
Work. Residents work mostly in professional and business services, in schools, hospitals and social care, in government, and in banks, insurance and property. A good number work from home, and the typical commute is moderate. Across Montgomery County, some of the largest workplaces are Montgomery County Public Schools, the National Institutes of Health and the Food and Drug Administration.
Things to do. The National Mall is a park a short drive away, lined with monuments and museums. The Smithsonian Institution and the National Air and Space Museum are both museums a short drive away. The National Zoological Park is a zoo a short drive away, a pleasant outing for visitors of any age.
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- 3,716households
- 84%of adults have a degree
- 4%below the poverty line
- 28 mintypical commute
- 41%work from home
What residents work in
Employed residents by industry, from the Census survey. Montgomery County had 456,358 jobs in 2025, 1.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 43° and lows near 26°; warmest in July, with highs near 88° and lows near 68°. About 6 inches of snow and 49 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Dalecarlia Rsvr weather station, 4 miles away (NOAA).
Largest workplaces in Montgomery County
- Montgomery County Public SchoolsSchool district24,026FTE
- National Institutes of HealthFederal government · Department of Health and Human Services10,506
- Food and Drug AdministrationFederal government · Department of Health and Human Services6,489
- RedJanitorial services, aircraft5,979
- National Institutes of HealthFederal government · Department of Health and Human Services2,473
- Montgomery CollegeTwo-year college2,464
- Holy Cross HospitalGeneral hospital2,440FTE
- National Institute of Standards and TechnologyFederal government · Department of Commerce2,277
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 476 workplaces with 20 or more staff, 86,382 people in all across the county; Chevy Chase has two of its own. School districts come from the Common Core of Data (NCES, 2023–24), federal offices from OPM's federal workforce data (2026), colleges from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Chevy Chase’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Montgomery County and the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
Chevy Chase home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Chevy Chase$1,211,150
- Maryland$424,890
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Chevy Chase listings, and the typical home goes pending in 18 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Chevy Chase21.92%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Chevy Chase18
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Chevy Chase111
New listings per month
Sellers arriving at the market.
- Chevy Chase34
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Chevy Chase$1,393,041
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Chevy Chase99.72%
Zip codes with a Chevy Chase address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Chevy Chase — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.