Why Live in Chevy Chase Terrace
Chevy Chase Terrace in Bethesda, Maryland, is a well-established suburban neighborhood located seven miles from central D.C. The area features homes dating back to the 1910s alongside newer constructions, with styles including mid-century ramblers, split levels, contemporaries, and new builds. The neighborhood is characterized by narrow, well-maintained sidewalks, manicured trees, and neat yards. Students in Chevy Chase Terrace attend highly rated schools such as Somerset Elementary, Westland Middle School, and Bethesda Chevy Chase High, which offers a strong college preparatory curriculum. Local attractions include Norwood Park, which provides amenities like basketball, football, soccer, and hiking trails, and the historic Chevy Chase Club, a golf course and social hub founded in 1892. Dining options in nearby Bethesda include Tatte Bakery and Café for breakfast and brunch, and Woodmont Grill for a variety of meals, including sushi and steaks. Grocery shopping is convenient with Trader Joe’s and Harris Teeter close by, and Bethesda Row offers retail therapy with popular brand names, dining options, and a luxury cinema experience at Landmark’s Bethesda Row Cinema. The neighborhood is safer than the national average, making it a practical choice for families and individuals alike.
Frequently Asked Questions
Is Chevy Chase Terrace a good place to live?
Chevy Chase Terrace is a good place to live. Chevy Chase Terrace is considered car-dependent and very bikeable with some transit options. Chevy Chase Terrace is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Chevy Chase Terrace has 6 parks for recreational activities. It is somewhat dense in population with 9.0 people per acre and a median age of 47. The average household income is $244,803 which is above the national average. College graduates make up 90.8% of residents. A majority of residents in Chevy Chase Terrace are home owners, with 7.2% of residents renting and 92.8% of residents owning their home. A
local real estate agent serving Chevy Chase Terrace can help you decide if this neighborhood is the right one for you. Learn more on our
Chevy Chase Terrace neighborhood guide.
Is Chevy Chase Terrace, MD a safe neighborhood?
Chevy Chase Terrace, MD is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Chevy Chase Terrace?
The median home price in Chevy Chase Terrace is $512,000. If you put a 20% down payment of $102,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $114K a year to afford the median home price in Chevy Chase Terrace. The average household income in Chevy Chase Terrace is $245K.
What are the best public schools in Chevy Chase Terrace?
The best public schools that serve Chevy Chase Terrace are:
What are the best private schools in Chevy Chase Terrace?
The best private schools that serve Chevy Chase Terrace are:
What are the most popular zip codes in Chevy Chase Terrace, Bethesda, MD?
What are the most popular neighborhoods near Chevy Chase Terrace, Bethesda, MD?
Are home prices dropping in Chevy Chase Terrace?
Yes, home prices in Chevy Chase Terrace are down 35% in the last 12 months.
Home Trends in Chevy Chase Terrace, MD
On average, homes in Chevy Chase Terrace, Bethesda sell after 29 days on the market compared to the national average of 70 days. The median sale price for homes in Chevy Chase Terrace, Bethesda over the last 12 months is $312,250, down 53% from the median home sale price over the previous 12 months.
Median Sale Price
$312,250
Median Single Family Sale Price
$385,000
Median Townhouse Sale Price
$270,000
Median 2 Bedroom Sale Price
$388,344
Average Price Per Sq Ft
$357
Number of Homes for Sale
6
Last 12 months Home Sales
12
Median List Price
$512,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-53%