Similar to its surrounding areas, it is substantially more expensive compared to the rest of the nation. Compared to the city of Washington, it's significantly more expensive.
Home prices
Chevy Chase Section Five's median home price is $1,264,900. Compared to other places in this area this is roughly $31,820 (2%) higher.It is roughly $1,047,400 (481%) higher in comparison to the rest of the nation, and in comparison to the city of Washington is about $663,400 (110%) higher.
Rents
The median monthly rent in Chevy Chase Section Five is $3,501. Compared to its nearby areas it is approximately $634 (22%) higher.It is approximately $2,439 (229%) higher compared to the rest of the country, and is roughly $1,960 (127%) higher in comparison to the city of Washington.
Nearby places
Martin's Additions
Martin's Additions is Chevy Chase Section Five's neighbor to the southeast. Its housing prices are a little less expensive. The median home cost in Martin's Additions is $1,160,100, which comes out to $104,800 (9%) lower than Chevy Chase Section Five. The rent there is substantially less expensive. Martin's Additions's median rent is $2,583 per month, which is $918 (35%) lower than Chevy Chase Section Five.
Chevy Chase
Chevy Chase is Chevy Chase Section Five's neighbor to the north. Housing prices there are substantially less expensive. The median home in Chevy Chase is valued at $944,700, which comes out to $320,200 (33%) lower than Chevy Chase Section Five. Its rents are a lot less expensive. In Chevy Chase the median rent is $1,957 a month, which works out to $1,544 (78%) lower than Chevy Chase Section Five.
Chevy Chase Village
Chevy Chase Village is roughly 1 mile south from Chevy Chase Section Five. The real estate prices there are a bit more expensive. The median home cost in Chevy Chase Village is $1,724,500, which comes out to $459,600 (26%) higher than Chevy Chase Section Five. Its rents are a bit less expensive. Chevy Chase Village's median rent is $2,875 a month, which is $626 (21%) lower than Chevy Chase Section Five.
North Chevy Chase
North Chevy Chase is about 1 mile north of Chevy Chase Section Five. The real estate prices there are a lot less expensive. The median home cost in North Chevy Chase is $860,300, which works out to $404,600 (47%) lower than Chevy Chase Section Five. Rent there is fairly similar. In North Chevy Chase the median rent is $3,417 a month, which comes out to $84 (2%) lower than Chevy Chase Section Five.
Somerset
Somerset is about 1 mile southwest from Chevy Chase Section Five. Its housing prices are a bit more expensive. The cost of the median home in Somerset is $1,475,800, which works out to $210,900 (14%) higher than Chevy Chase Section Five. Its rents are fairly similar. Somerset's median monthly rent is $3,501, which is very similar to Chevy Chase Section Five.
