Market Overview
Home Prices in Chevy Chase, MD
The median home value in Chevy Chase, MD is $1,266,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chevy Chase are priced209% above average. Chevy Chase is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Chevy Chase home values have risen by approximately14.7%, reflecting steady appreciation in this market.
Price History
Chevy Chase Home Price Trend
City Comparison
Chevy Chase vs. National Median
At $1,266,292, homes in Chevy Chase cost 209% above the national median of $410,000. Buyers in Chevy Chase should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Chevy Chase?
20% Down Payment
$253,258
on $1,266,292
Monthly P&I
$6,604/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,387/mo
incl. taxes & insurance
Income Needed
$335,480
gross annual (30% rule)
10% Down Option
$126,629
+ PMI applies
Loan Amount (20% dn)
$1,013,034
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chevy Chase, MD?
The median home value in Chevy Chase is $1,266,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Chevy Chase?
Over the past year, home values in Chevy Chase have decreased by 1.3%. Over five years, prices have risen approximately 14.7%.
How much do I need to earn to buy a home in Chevy Chase?
To comfortably afford the median home price of $1,266,292 with a 20% down payment ($253,258) at today's rates (6.8%), you'd need a gross annual income of approximately $335,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Chevy Chase compare to the national average home price?
The national median home value is approximately $410,000. At $1,266,292, homes in Chevy Chase are 209% above the national average.
What metro area is Chevy Chase part of?
Chevy Chase is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.