Chevy Chase Village First-Time Homebuyer Report for January

Chevy Chase Village is the most expensive city in Maryland but also the most affluent, with a cost of living adjustment score of 306.8 and a median income of $229,899 per household. Chevy Chase Village is made up of homes that are considered older than most with a median of 77 years.

Price Range

The highest-priced homes in Maryland are in Chevy Chase Village, with a median home value of $1,250,700 and list prices averaging $2,098,385. The Chevy Chase Village market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at one.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Chevy Chase Village:

$2M   $1.6M   $3.6M  

Typical Dwelling

A five-bedroom detached home valued around $1,832,375 is considered a typical dwelling in Chevy Chase Village. If a buyer was looking for a similar home, they would need good credit and a $366,475 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $7,796 and the property tax rate is $12.02 per $1,000 of taxable assessed value.

Get started right now by checking out Chevy Chase Village homes for sale or reviewing Chevy Chase Village real estate trends.


Data reported through 1/12/2017

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Keller Williams Capital Properties
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Long & Foster
Snapped 2 homes in this area
Long & Foster Real Estate, Inc.
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