Chevy Chase is an affluent town straddling the northwest border of Washington, D.C., and Montgomery County, Maryland. Part of the Washington D.C. Metropolitan Area, Chevy Chase was noted as "the most educated town in America" in a study conducted by the Stanford Graduate School of Education, with 93.5 percent of adult residents having at least a bachelor's degree. 

What is the community of Chevy Chase like?  

Located just a five-mile ride from the White House along Connecticut Avenue, Chevy Chase is an opulent community home to around 2,900 people and spanning over five constituent neighborhoods, making it the 168th largest community in Maryland.   
In 2015, the US Census American Community Survey ranked Chevy Chase as one of the 17 highest-income communities in the US. The town also comprises a highly educated populace. Across the wider Chevy Chase community, 81.6% have a bachelor’s degree or higher, and the Village was named the smartest community with a population of 1,000 to 10,000 in the country by the Business Journal in 2011. 
Primarily a residential suburb, Chevy Chase lies next to Friendship Heights, a popular shopping district with malls, boutique stores, and restaurants just two and a half miles from Connecticut Avenue, which itself is the lifeline of the town encompassing plenty of shops, restaurants, bars, and lounges to keep boredom at bay.  
The nearby district also plays home to the National 4-H Youth Conference Center, which hosts the National 4-H Conference, an event for 4-Hers throughout the nation to attend, and the National Science Bowl annually in either late April or early May. In addition, Chevy Chase is also the home of the Chevy Chase Club and Columbia Country Club - private clubs whose members include many prominent politicians and Washingtonians. 
At the same time, Chevy Chase provides speedy access to nearby Bethesda, which lies less than two miles away, and plays home to research centers like the National Institutes of Health, National Naval Medical Center, and National Library of Medicine. Bethesda itself is an affluent, vibrant district that offers top-notch outdoor recreational opportunities including 20 art galleries, almost 200 restaurants, two theatres, and some of the best shopping in the area.  

What is Real Estate like in Chevy Chase?     

Real estate in Chevy Chase has shown an average growth of 4.24% per year since the year 2000. Since 2000, the prices of homes in Chevy Chase have overall appreciated by a staggering 141.62%. National real estate firm Berkshire Hathaway categorizes Chevy Chase’s housing market as ‘somewhat competitive.’ The sale prices of homes in Chevy Chase have experienced strong growth of more than 17.3% since May 2019.   
The median home price in Chevy Chase is $1,200,000. Currently, there are 51 active homes for sale in Chevy Chase, and at present, it typically takes just 35 days for a listed home to sell. The average cost to rent a house in Chevy Chase is $4,514 per month. Currently, there are 998 homes and apartments in the city, 94.5% of which are owned, and the remaining 5.5% are rented.  

How is the economic landscape of Chevy Chase?    

Over the last year, Chevy Chase’s job market has grown by 0.8%, while its unemployment rate stands at 5.7%. The US average is 6%. Also, the city’s job market is expected to grow by 31.0% over the next ten years.  
On average, a Chevy Chase resident earns around $86,200 per annum, substantially higher than the US average of $28500. The city’s median household income of almost $160,000 per resident is also much greater than the US average of approximately $53000. Most of the residents of Chevy Chase work in construction, retail, finance, information, professional and technical services, educational services, public administration, and healthcare.   

How are the schools in Chevy Chase?     

Chevy Chase is covered by Montgomery County Public Schools, which encompasses 207 schools and more than 151,000 enrolled students. Chevy Chase also lies in proximity to many colleges including, among others, Potomac College Washington, Corcoran College of Art and Design, and Montgomery College. 
When it comes to higher education, Chevy Chase lies in the vicinity of several top-notch universities, most prominent among them being the prestigious Georgetown University. Founded in 1789 as Georgetown College, Georgetown University has grown to comprise ten undergraduate and graduate schools, among which are the School of Foreign Service, School of Business, Medical School, Law School, and a campus in Qatar.     
In addition, Georgetown is ranked among the top universities in the United States and admission is highly selective. The university offers degree programs in forty-eight disciplines, enrolling an average of 7,500 undergraduate and 10,000 post-graduate students from more than 135 countries.  

Chevy Chase in a nutshell        

In a nutshell, Chevy Chase is an extremely affluent community that enjoys the highest quality of life and offers easy access to an extensive array of recreational opportunities within its precincts, as well as of the nearby districts of Friendship Heights and Bethesda. The community’s location just minutes away from Washington also translates into many prominent politicians and Washingtonians choosing the community as an ideal, quaint neighborhood to live in. If you are mulling over moving to Maryland or near Washington D.C., Chevy Chase would make an incredible place to call home.