Nearest Airport: WASHINGTON DULLES INTERNATIONAL
Community Characteristics: Close to Military Facility(ies), Influenced by Local Colleges, Stable Population / Low Residential Turnover
Income Per Capita: $40,559
Average Household Expenditure: $79,606
The area known as Chevy Chase bisects the Washington, DC – Maryland border; each side is characterized by a unique identity. The Maryland portion of Chevy Chase is an affluent Washington, DC suburb located in Montgomery County. Although Metro service is available in the neighboring D.C. community ofFriendship Heights via the red line, Metro’s planned purple line will eventually provide more direct service to Chevy Chase, MD real estate.
Chevy Chase, MD real estate dates back to 1725, when a 560-acre parcel of land belonging to Colonel Joseph Belt was named "Cheivy Chase." That parcel, along with many others, was eventually purchased by a Nevada senator and his partners; the group planned to turn the previously unincorporated farmland into a charming, pedestrian-friendly community that would serve as a tranquil escape from the hustle and bustle of downtown Washington, D.C. Like many Washington, D.C. suburbs, however, the development of Chevy Chase, MD real estate was irrevocably influenced by the growth of the capital’s streetcar system in the late 1800s and early 1900s. Today, former farming byways like Brook Mill Road and Bradley Lane are now busy thoroughfares, and Chevy Chase’s population is booming.
Because of the wealth of amenities located on Chevy Chase, MD real estate, the neighborhood is highly desirable to everyone from young couples to retirees. Families in particular are drawn to Chevy Chase, MD real estate thanks to community’s large selection of public and private schools; the Montgomery County public school system has repeatedly been recognized as one of the nation’s best.
Many commuters choose to invest in Chevy Chase, MD real estate, because this allows them to live just a short distance from the numerous job opportunities of downtown Washington, D.C. and nearby Baltimore. Add to this the vibrant shopping district ofFriendship Heights and the abundant restaurants of neighboring Bethesda, and it’s not hard to see why Chevy Chase, MD real estate is so appealing. In fact, the Bethesda–Chevy Chase Business District is nothing short of a thriving retail and commercial nucleus anchored by several federal complexes, four shopping malls, and eleven hotels.
Since its earliest years, Chevy Chase, MD real estate has been some of the county’s – and the state’s – most in-demand. You can learn more about the Montgomery County housing market, including timely statistics about active inventory and the median sales price of area homes, by visiting the Montgomery County housing market. You can also refer to the facts below for additional details about living in Chevy Chase, MD.
If you’re interested in living in Chevy Chase, search for Chevy Chase real estate now.
Resource: Long & Foster