There are currently 10,488 real estate properties in Chevy Chase, MD, with a median automated valuation model (AVM) price of $1,147,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chevy Chase, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chevy Chase, MD, is $1,173,793.00, with the most expensive house in Chevy Chase, MD, topping out at $6,861,000.00 and the cheapest home in Chevy Chase, MD, clocking in at $39,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Chevy Chase, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chevy Chase, MD, is on a rollercoaster ride. The average rent price in Chevy Chase, MD, is $3,840.00. Indeed, when looking to rent in Chevy Chase, MD, you can expect to pay as little as $1,390.00 or as much as $8,520.00, with the average rent median estimated to be $3,950.00. The good news is that finding an affordable and desirable property to rent in Chevy Chase, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Chevy Chase, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Chevy Chase, MD and much more. Save thousands at closing with home foreclosure listings in Chevy Chase, MD — up to 75% off market value!
Chevy Chase is located in Montgomery, Maryland, with an estimated municipal population of 9,622 residents. All of the best foreclosed homes for sale in Chevy Chase are located in the following zip code areas on Foreclosure.com: 20814 20815 20825. The estimated population per square kilometer (.62 miles) in Chevy Chase is 1,540.
So, about how much do homes cost in Chevy Chase? The most recent median value of resident-owned homes in Chevy Chase is 941,757. An estimated 77.7 percent of households in Chevy Chase own their homes, with an average family size of 3.08. The median household income in Chevy Chase is 181,929, with75 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chevy Chase, the median commute time of resident workers (in minutes) is 30. And last, but certainly not least, are you looking for homes to rent in Chevy Chase? If so, the average rent price paid by renters in Chevy Chase is 1,957, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Chevy Chase, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Chevy Chase is 48.4, split between 47 percent male versus 53 female. The percentage of residents who report being married in Chevy Chase is 59.5, with an average family size of 3.08.
The percentage of residents who report their race in Chevy Chase is as follows:
|Black / African American||5.9%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Chevy Chase? Or maybe you are searching for 55+ active adult communities in and/or near Chevy Chase?
The percentage of residents who report their age in Chevy Chase is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Chevy Chase with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chevy Chase.
How do you know that living in -- or moving to -- Chevy Chase is right where you need to be? Perhaps you grew up in Chevy Chase or already live nearby; therefore, the decision to buy a home in Chevy Chase is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chevy Chase for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Chevy Chase:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chevy Chase.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chevy Chase can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chevy Chase, meanwhile, can field multiple offers from more qualified buyers.