Chevy Chase's January First-Time Homebuyer Report

The population of Chevy Chase is ranked 21st in terms of wealth in Washington, DC with a median income of $131,529 per household. It's also considered a very expensive neighborhood in terms of affordability with a cost of living adjustment score of 217.5. Chevy Chase is made up of homes that are older than most with a median of 66 years. Leading the list of best schools in the neighborhood are Murch Elementary School, Deal Jr High School, and Wilson W. Sr High School.

Culture

According to Foursquare, Comet Ping Pong, Guapo's, and Osman & Joe's Steak 'n Egg Kitchen are the most popular spots to eat in Chevy Chase. One of the most popular places to get a drink is Comet Ping Pong. And a good place to get a cup of coffee is Panera Bread.

Price Range

The median value of homes in Chevy Chase is $738,664, making it one of the most valuable areas in Washington, DC. At the same time, the average list price of available homes is presently $988,962. Over the last 30 days, the Chevy Chase market made strides with 20 homes sold, a 5.3% increase from last week's report.

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

$945K   $2.2M   $1.3M  

Typical Dwelling

A two-bedroom condo valued around $621,835 is considered a typical dwelling in Chevy Chase. If a buyer was looking for a similar home, they would need good credit and a $124,367 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,594 and the property tax rate is $6.41 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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