Business & Finance Renting & Real Estate

What You Want To Know About Chevy Chase Real Estate, Maryland

These days, many are getting drowned in or at work, choked up by moderate to heavy traffic, discouraged by routine life, and disgusted with bland community living.  And many had sworn and managed to flee away from their harried lives and exchange it with a more laid-back atmosphere, in a small town actually, such as Chevy Chase in Maryland.  Residents here are only about 3,000, scattered throughout its four distinct neighborhoods, but sharing the same history with other nearby villages, thus, carrying the same names.  This residential suburb is very near a popular shopping district called Friendship Heights, where there are several malls and various shops and restaurants.  

If you would like to enlist yourself as a resident in this small neighborhood, or, you are already planning on looking, lest, buying among Chevy Chase homes for sale, then, let's zero in on some facts about the area and on who are going to be your neighbors and its other residents.

Most of the city's workforce – about 98% - is employed in white-collar jobs, well above the national average actually.  Its roster includes professionals, managers, sales personnel, and office workers.  Some work in the sectors of legal, management, and teaching.  On the other hand, in the field of science, Chevy Chase is teeming with scientists as well, namely life scientists, physical scientists, and social scientists.

There are many here who enjoy working from home, and your soon-to-be next-door neighbor might be among the nine percent of that workforce.  This percentage is already considered the highest in the country.

A significant number of single and educated people also call Chevy Chase their home.  They're now termed "urban sophisticates" – wealthy singles who are either living in cities or small towns.  They could be often seen in opera, symphonies, ballet, live theatre, and museums.  Their taste for food, preference in books, and love for travel separates them from ordinary independent young professionals.

For families who are opting for a suburban lifestyle, then, Chevy Chase might offer you just that.  With low crime rate, comparable schools, college-educated neighbors or co-workers, not surprisingly, this neighborhood boasts of a high rate of home ownership.  Although the house prices here are relatively higher than other cities in Maryland, it had some of the highest home appreciation rates than the rest of the cities in the US.  For the past ten years, real estate in this are appreciated over 83%, putting Chevy Chase in the top 20% nationally in real estate appreciation.

Other information you may want to know about the Town of Chevy Chase:  the median household income here is $252,195.  This suburban town, just like many others in the nation, forbids individuals who discriminate others based on their race and religion.  This community was originally developed by two wealthy gentlemen – Francis G. Newlands and William M. Stewards under their company called Chevy Chase Land.  With 1,024 homes and apartments, 90.7% of which is owner-occupied, 5.66% renter-occupied, and 3.62% vacant.
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