According to statistics, the population in Chevy Chase, MD amounts to 9,844, which shows growth 2% compared to the previous year. The median age of the city’s residents is 46. The average household income is $173,333, shifting growth 7% from the past year, and the average property value in Chevy Chase, MD growth 1% to $897,000 throughout the year.
|Number Of Employees||5,026|
|Median Property Value||$897,000|
The average household income in Chevy Chase, MD grew from $162,351 to $173,333 in the past year. This data is an estimate based upon 3,770 households in Chevy Chase, MD . The chart below presents how household income is distributed in Chevy Chase, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Chevy Chase, MD shifted from $887,100 to $897,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chevy Chase, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chevy Chase, MD properties falls in the '$750,000 to $999,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chevy Chase, MD compared to median property taxes around the country. The prevalent amount of property taxes in Chevy Chase, MD equals $3000, which is less than the national average.
|Apartment Size||Sep||vs Last Month|
|1 bed apartments||$302,000||N/A|
|2 bed apartments||$552,422||N/A|
|3 bed apartments||$1,200,000||+69.3%|
|4+ bed apartments||$676,700||-48.9%|
During Sep 2021, the average price for an apartment in/near Chevy Chase, MD decreased by 31.1% to $680,441.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $302,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $552,422. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $1,200,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $676,700 for a big-family home.
|Listing Type||Sep||vs Last Month|
|Houses for sale||$1,199,950||-1%|
|Condos for sale||$472,638||+56.5%|
|Townhouses for sale||$1,465,390||N/A|
According to statistics, average house is still $1,199,950 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $472,638. Value of the townhouses didn’t change, the price still starts at $1,465,390.
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