Housing Insights for ZIP Code 20815 (Chevy Chase, MD)

Housing Summary for ZIP Code 20815

Homeowners

The median home value in ZIP Code 20815 (Chevy Chase, MD) is $1,004,300. Approximately 63.1% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.6%.

The average occupancy of owner-occupied units in ZIP Code 20815 is 2.57 occupants, while owner-occupied units have an aggregate average size of 2.93 bedrooms per housing unit.

Renters

In the 20815 ZIP Code, an estimated 36.9% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 5.0%.

Among renter-occupied units in this ZIP, the average occupancy is 1.98 occupants, while renters in this Montgomery County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20815

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20815.

ZIP 20815 Maryland U.S.
Median Home Value $1,004,300 $434,761 $365,011
Owner-Occupied Housing Units 63.1% 66.9% 64.0%
Homeowner Vacancy Rate 0.6% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.57 2.75 2.70
Average # of Bedrooms Per Unit 2.93 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 36.9% 33.1% 36.0%
Rental Vacancy Rate 5.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 1.98 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20815 (Chevy Chase, MD)

The median home value in ZIP Code 20815 is $1,004,300. That median value is about 219% higher than the median home value of $314,800 in Maryland overall, and is 362% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 20815, approximately 50.3% of homes are valued $1,000,000 or more. That is 1523% higher than in Maryland, in which 3.1% of homes are valued at $1,000,000 or more, and is about 1379% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 20815 homes fall into is $150,000 to $199,999 (0.2% of homes).

Home Values in ZIP Code 20815

This chart visualizes the breakdown of home values in ZIP Code 20815, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20815 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20815

See the table below for a regional comparison of home values in ZIP Code 20815.

Home Value ZIP 20815 Maryland U.S.
Less than $50,000 0.4% 2.7% 6.9%
$50,000 to $99,999 0.5% 3.7% 12.0%
$100,000 to $149,999 0.3% 6.3% 13.3%
$150,000 to $199,999 0.2% 9.9% 14.0%
$200,000 to $299,999 2.7% 24.4% 19.6%
$300,000 to $499,999 10.4% 32.8% 19.3%
$500,000 to $999,999 35.3% 17.1% 11.4%
$1,000,000 or more 50.3% 3.1% 3.4%

Home Ages in ZIP Code 20815 (Chevy Chase, MD)

Approximately 20.5% of homes in this Chevy Chase, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 20815 is about 74% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 63% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 16.6% of local homes were built in 1950 to 1959. On the other end of the scale, just 1.7% of homes in this Montgomery County ZIP Code were built in 2010 to 2013 in ZIP Code 20815. In comparison, 2.6% of homes in Maryland overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20815

A detailed regional comparison of home ages in ZIP Code 20815.

Year Built ZIP 20815 Maryland U.S.
2014 or later 2.0% 2.3% 2.5%
2010 to 2013 1.7% 2.6% 2.7%
2000 to 2009 7.0% 11.4% 14.0%
1990 to 1999 6.1% 14.3% 13.9%
1980 to 1989 9.9% 15.3% 13.4%
1970 to 1979 15.5% 14.1% 15.2%
1960 to 1969 10.7% 11.5% 10.6%
1950 to 1959 16.6% 11.4% 10.3%
1940 to 1949 10.0% 5.2% 4.9%
1939 or earlier 20.5% 11.8% 12.6%

Age of Homes in ZIP Code 20815

See the chart below for details on the age of homes in ZIP Code 20815, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 20815

Frequently asked questions about housing in this Chevy Chase, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20815.

1

What is the average home value ZIP Code 20815?

The median home value in ZIP Code 20815 (Chevy Chase, MD) is $1,004,300.
2

Are homes expensive in ZIP Code 20815?

The median home value in 20815 ($1,004,300) is an estimated 219% higher than the aggregate median value of $314,800 in Maryland, and is 362% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 20815?

The vacacy rate for owner-occupied housing in ZIP Code 20815 is 0.6%. This rate is 65% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20815 vacancy rate is 63% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20815 have older homes or newer construction?

In ZIP Code 20815, about 20.5% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 16.6% of homes in the region were built in 1950 to 1959. In contrast, 1.7% of homes in 20815 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 20815? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20815 than renter-occupied housing. Owner-occupied units make up 63.1% of housing, compared to 36.9% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20815?

The vacacy rate for rental units in ZIP Code 20815 is 5.0%. This rate is 17% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20815 vacancy rate is 17% lower than the entire U.S. vacancy rate of 6.0%.