What is the median home value in Chevy Chase Section Three, MD?

Name: Home values in Chevy Chase Section Three, MD, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Chevy Chase Section Three, MD is $1,605,600 (±$80,710), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Chevy Chase Section Three, the median home value went from $1,085,800 in 2015–2019 to $1,605,600 in 2020–2024 (+47.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $1,605,600 (±$80,710)
Owner-occupied homes: 254 (±50)
Most common range: $1,000,000 or more

Home values in Chevy Chase Section Three

Owner-occupied homes by value, 2020–2024
Value	Chevy Chase Section Three	Montgomery County	Maryland	United States
Less than $50,000	0.8% (±1.2 points)	1.3%	3.0%	5.3%
$50,000 to $99,999	0.8% (±1.3 points)	0.7%	2.0%	6.1%
$100,000 to $149,999	0.0% (±15.4 points)	0.9%	2.7%	6.8%
$150,000 to $199,999	0.0% (±15.4 points)	1.6%	4.8%	9.0%
$200,000 to $299,999	0.0% (±15.4 points)	5.8%	14.8%	17.8%
$300,000 to $499,999	0.0% (±15.4 points)	23.2%	37.1%	26.9%
$500,000 to $999,999	8.3% (±4.4 points)	47.6%	29.7%	20.9%
$1,000,000 or more	90.2% (±5.1 points)	18.8%	6.0%	7.1%

The most common range is $1,000,000 or more, 90.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Chevy Chase Section Three against Montgomery County, its state and the nation

Estimate (90% margin of error)
	Chevy Chase Section Three	Montgomery County	Maryland	United States
Median home value	$1,605,600 (±$80,710)	$640,300 (±$5,098)	$419,900 (±$1,385)	$332,700
Owner-occupied homes	254 (±50)	254,139 (±2,460)	1,597,565 (±8,362)	84,210,142

In Chevy Chase Section Three, the median home value is higher than in Montgomery County ($640,300).

It is also higher than in Maryland ($419,900).

It is higher than the national figure ($332,700).

In Montgomery County, Chevy Chase Section Three ranks 5 of 59 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 5 of 381.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Chevy Chase Section Three have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$1,085,800 (±$84,624)	$1,605,600 (±$80,710)	+47.9%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Chevy Chase Section Three

Nearest places with a published estimate, compared with Chevy Chase Section Three
Place	Distance	Median home value	Compared with this place
Chevy Chase Section Three	—	$1,605,600 (±$80,710)	—
Martin's Additions	0.3 mi	$1,535,200 (±$94,452)	Not measurably different
Chevy Chase Section Five	0.3 mi	$1,643,100 (±$114,391)	Not measurably different
Chevy Chase	0.5 mi	$1,670,600 (±$84,779)	Not measurably different
Chevy Chase Village	0.7 mi	$2,000,000 or more	—
Chevy Chase (community)	0.9 mi	$1,245,000 (±$57,086)	Lower
Friendship Heights Village	1.4 mi	$484,300 (±$68,752)	Lower
Somerset	1.5 mi	$1,775,000 (±$129,189)	Higher
North Chevy Chase	1.6 mi	$1,212,500 (±$66,937)	Lower

Nearby places with a measurably lower figure: Chevy Chase (community), MD ($1,245,000), Friendship Heights Village, MD ($484,300), North Chevy Chase, MD ($1,212,500).

Nearby places with a measurably higher figure: Somerset, MD ($1,775,000).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Montgomery County, place by place

Rank	Place	Median home value
1	Chevy Chase Village	$2,000,000 or more
2	Somerset	$1,775,000 (±$129,189)
3	Chevy Chase	$1,670,600 (±$84,779)
4	Chevy Chase Section Five	$1,643,100 (±$114,391)
5	Chevy Chase Section Three	$1,605,600 (±$80,710)
6	Martin's Additions	$1,535,200 (±$94,452)
7	Chevy Chase View	$1,414,600 (±$241,441)
8	Brookmont	$1,361,100 (±$264,205)
9	Travilah	$1,325,100 (±$111,289)
10	Cabin John	$1,312,900 (±$171,340)
11	Chevy Chase (community)	$1,245,000 (±$57,086)

Showing 11 of 59 places in Montgomery County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Chevy Chase Section Three

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Chevy Chase Section Three beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Chevy Chase Section Three, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Chevy Chase Section Three, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Chevy Chase Section Three

What is the average home value in Chevy Chase Section Three, MD?

The Census Bureau publishes the median: $1,605,600 (±$80,710) for owner-occupied homes in Chevy Chase Section Three (2020–2024 American Community Survey).

Have home values in Chevy Chase Section Three gone up?

In Chevy Chase Section Three, the median home value went from $1,085,800 in 2015–2019 to $1,605,600 in 2020–2024 (+47.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Chevy Chase Section Three sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Chevy Chase Section Three village, Maryland (place:16730, in state:24).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.