Chevy Chase town, MD Profile: Facts & Data

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Chevy Chase town, Maryland - Basic Facts

The Town of Chevy Chase had a population of 2,901 as of July 1, 2023. Chevy Chase town ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Maryland. See peer rankings below.

The primary coordinate point for Chevy Chase town is located at latitude 38.9819 and longitude -77.0832 in Montgomery County. The formal boundaries for the Town of Chevy Chase encompass a land area of 0.47 sq. miles and a water area of 0 sq. miles.

The Town of Chevy Chase has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Chevy Chase is located within District 7, a minor civil division (MCD) of Montgomery County.


Jump to... (On This Page!)
  1. Chevy Chase town 2023 Demographic Data
  2. Growth Rates for Chevy Chase town (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maryland Research Tools (Easy Tools & Current Data)
  3. Maryland Data Comparison Tool - 2023 Demographics
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Chevy Chase town, MD Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 2,901 (100%)
Population in Households 2,901 (100.0%)
Population in Families 2,626 (90.5%)
Population in Group Quarters1 0
Population Density 6,240
Diversity Index2 40
 
 

INCOME

Median Household Income $200,001
Average Household Income $379,396
% of Income for Mortgage4 43%
Per Capita Income $131,958
Wealth Index5 547
Socioeconomic Status Index6 High (80.1)
 

HOUSING

Total HU (Housing Units) 1,032 (100%)
Owner Occupied HU 949 (92.0%)
Renter Occupied HU 60 ( 5.8%)
Vacant Housing Units 23 ( 2.2%)
Median Home Value $1,414,080
Average Home Value $1,496,970
Housing Affordability Index3 59
 

HOUSEHOLDS

Total Households 1,009
Average Household Size 2.88
Family Households 832
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.03% -0.14%
Households -0.12% -0.16%
Families   -0.10%
Median Household Income   0.00%
Per Capita Income   1.34%
Owner Occupied HU   -0.06%

Chevy Chase town, MD - Peer Comparisons by Rank and Percentile

The table below compares Chevy Chase town to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 250 54th
Population Density # 33 94th
Median Household Income # 13 99th
Housing Affordability Index # 80 15th
Per Capita Income # 6 99th
Diversity Index # 307 43rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

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