
Chevy Chase Terrace, MD Housing Market
$1,591,236
3.7% 1-yrThe average Chevy Chase Terrace, MD home value is $1,591,236, down 3.7% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Chevy Chase Terrace Key Takeaways
Typical Home Values: $1,591,236
1-Year Value Change: -3.7%
(Data through August 31, 2026)
Chevy Chase Terrace Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- South Bethesda$709,582
- Somerset$1,918,330
- Bethesda Row$385,390
- Friendship Village$296,395
- Bethesda Center$277,132
- Chevy Chase Village$2,337,181
- Arlington North$404,731
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Chevy Chase Terrace Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are the most expensive neighborhoods in Chevy Chase, MD?
The neighborhoods with the highest median home values in Chevy Chase, MD include: Chevy Chase Village ($2,337,181), Somerset ($1,918,330), Chevy Chase Section Five ($1,720,744), Chevy Chase Section Three ($1,651,788), Martins Additions ($1,600,371).
What are the most affordable neighborhoods in Chevy Chase, MD?
The neighborhoods with the lowest median home values in Chevy Chase, MD include: Friendship Village ($296,395), North Chevy Chase ($1,229,000), Chevy Chase Terrace ($1,591,236), Martins Additions ($1,600,371), Chevy Chase Section Three ($1,651,788).
Which Chevy Chase, MD neighborhoods have the fastest growing home values?
Neighborhoods with the highest year-over-year value growth in Chevy Chase, MD include: North Chevy Chase (1.9%), Chevy Chase Village (1.8%), Chevy Chase Section Three (1.1%), Chevy Chase Section Five (1.1%).

