Chevy Chase Section Three, MD
Population 985 · Maryland
About Chevy Chase Section Three, MD
Chevy Chase Section Three is a small community located in Maryland with a population of 985 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Chevy Chase Section Three features a median home value of $1,583,900, which is 547% above the national median of $244,900. This places Chevy Chase Section Three in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 301 total housing units, 96% are owner-occupied (287 units) and 4% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chevy Chase Section Three shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chevy Chase Section Three have an average one-way commute time of 30.9 minutes.
Education & Demographics
94.4% of Chevy Chase Section Three residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.9% White, 0.5% Hispanic or Latino, 3.0% Black or African American, and 1.0% Asian residents, with 7.5% of the population being foreign-born.
How Chevy Chase Section Three Ranks in Maryland
Cost of Living in Chevy Chase Section Three, MD
Compared to national averages, Chevy Chase Section Three has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,583,900, which is 547% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Maryland, Chevy Chase Section Three's income is 132% above the state average of $107,956, and home values are 294% above the state median of $402,447.
Why Live in Chevy Chase Section Three, MD?
Chevy Chase Section Three offers a strong local economy with a median household income of $250,001, well above the national average, and a strong job market with an unemployment rate of just 0.4%, and a well-educated community where 94.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,583,900. However, Chevy Chase Section Three’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chevy Chase Section Three has a population of 985 with a median age of 41.5 years. Compare Chevy Chase Section Three with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Chevy Chase Section Three
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Queenstown | 990 | $106,500 | $366,900 | Compare |
| Potomac Park | 974 | $49,330 | $122,600 | Compare |
| Grantsville | 970 | $46,354 | $230,800 | Compare |
| Martin's Additions | 1,019 | $250,001 | $1,454,900 | Compare |
| Somerset | 1,020 | $250,001 | $1,820,800 | Compare |
| Algonquin | 1,027 | $72,917 | $332,600 | Compare |
| Union Bridge | 941 | $65,417 | $264,800 | Compare |
| Morningside | 1,031 | $80,000 | $287,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Chevy Chase Section Three With Other Cities
Frequently Asked Questions about Chevy Chase Section Three
What is the population of Chevy Chase Section Three, MD?
The population of Chevy Chase Section Three, MD is 985 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maryland.
What is the median household income in Chevy Chase Section Three?
The median household income in Chevy Chase Section Three, MD is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Chevy Chase Section Three?
The median home value in Chevy Chase Section Three, MD is $1,583,900, which is 547% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chevy Chase Section Three?
The median monthly rent in Chevy Chase Section Three, MD is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Chevy Chase Section Three?
The unemployment rate in Chevy Chase Section Three, MD is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chevy Chase Section Three, MD a good place to live?
Chevy Chase Section Three offers above-average incomes, a competitive housing market, and a strong job market. With a population of 985 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Chevy Chase Section Three, MD?
94.4% of residents in Chevy Chase Section Three aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Chevy Chase Section Three?
Key cost-of-living indicators for Chevy Chase Section Three, MD: median home value is $1,583,900 (547% above national), median rent is $3,501/month, and median household income is $250,001. The home-value-to-income ratio is 6.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Chevy Chase Section Three?
The poverty rate in Chevy Chase Section Three, MD is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chevy Chase Section Three, MD?
Chevy Chase Section Three's population is 0.9% White, 0.5% Hispanic or Latino, 3.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 7.5% of residents are foreign-born.