Chevy Chase Village, MD
Population 1,860 · Maryland
About Chevy Chase Village, MD
Chevy Chase Village is a small town located in Maryland with a population of 1,860 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 51.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Chevy Chase Village features a median home value of $2,000,001, which is 717% above the national median of $244,900. This places Chevy Chase Village 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 711 total housing units, 97% are owner-occupied (651 units) and 3% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chevy Chase Village shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chevy Chase Village have an average one-way commute time of 29.5 minutes.
Education & Demographics
95.0% of Chevy Chase Village 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, 0.8% Black or African American, and 3.5% Asian residents, with 6.4% of the population being foreign-born.
How Chevy Chase Village Ranks in Maryland
Cost of Living in Chevy Chase Village, MD
Compared to national averages, Chevy Chase Village has a median household income of $250,001 (233% above the national median of $75,149). Home values average $2,000,001, which is 717% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Maryland, Chevy Chase Village's income is 132% above the state average of $107,956, and home values are 397% above the state median of $402,447.
Why Live in Chevy Chase Village, MD?
Chevy Chase Village 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 2.8%, and a well-educated community where 95.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $2,000,001. However, Chevy Chase Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chevy Chase Village has a population of 1,860 with a median age of 51.1 years. Compare Chevy Chase Village with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Chevy Chase Village
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westernport | 1,864 | $52,059 | $85,800 | Compare |
| Kingstown | 1,836 | $90,288 | $282,500 | Compare |
| Derwood | 1,830 | $93,000 | $633,200 | Compare |
| Baden | 1,968 | $146,486 | $554,800 | Compare |
| Cedar Heights | 1,748 | $49,858 | $300,400 | Compare |
| Long Beach | 1,981 | $137,969 | $391,300 | Compare |
| Landover Hills | 1,996 | $91,250 | $333,500 | Compare |
| Hancock | 1,715 | $39,375 | $175,000 | 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 Village With Other Cities
Frequently Asked Questions about Chevy Chase Village
What is the population of Chevy Chase Village, MD?
The population of Chevy Chase Village, MD is 1,860 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Chevy Chase Village?
The median household income in Chevy Chase Village, 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 Village?
The median home value in Chevy Chase Village, MD is $2,000,001, which is 717% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chevy Chase Village?
The median monthly rent in Chevy Chase Village, MD is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Chevy Chase Village?
The unemployment rate in Chevy Chase Village, MD is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chevy Chase Village, MD a good place to live?
Chevy Chase Village offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,860 and a median age of 51.1, the city appeals to established professionals and retirees.
How educated is Chevy Chase Village, MD?
95.0% of residents in Chevy Chase Village 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 Village?
Key cost-of-living indicators for Chevy Chase Village, MD: median home value is $2,000,001 (717% above national), median rent is $3,501/month, and median household income is $250,001. The home-value-to-income ratio is 8.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Chevy Chase Village?
The poverty rate in Chevy Chase Village, MD is 0.4%, 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 Village, MD?
Chevy Chase Village's population is 0.9% White, 0.5% Hispanic or Latino, 0.8% Black or African American, 3.5% Asian, and 0.0% two or more races. 6.4% of residents are foreign-born.