Chevy Chase Section Three, MD Profile: Facts & Data

The Village of Chevy Chase Section Three had a population of 697 as of July 1, 2024. Chevy Chase Section Three 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 Section Three is located at latitude 38.979 and longitude -77.0739 in Montgomery County. The formal boundaries for the Village of Chevy Chase Section Three encompass a land area of 0.12 sq. miles and a water area of 0 sq. miles. Montgomery County is in the Eastern time zone (GMT -5).

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

Chevy Chase Section Three, MD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	697 (100%)
Population in Households	697 (100.0%)
Population in Families	662 (95.0%)
Population in Group Quarters¹	0
Population Density	5,973
Diversity Index²	38


INCOME
Median Household Income	$200,001
Average Household Income	$369,294
% of Income for Mortgage⁴	44%
Per Capita Income	$136,167
Wealth Index⁵	395
Socioeconomic Status Index⁶	High (82.0)

HOUSING
Total HU (Housing Units)	272 (100%)
Owner Occupied HU	245 (90.1%)
Renter Occupied HU	12 ( 4.4%)
Vacant Housing Units	15 ( 5.5%)
Median Home Value	$1,418,539
Average Home Value	$1,476,531
Housing Affordability Index³	55

HOUSEHOLDS
Total Households	257
Average Household Size	2.71
Family Households	234
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Chevy Chase Section Three, MD - Peer Comparisons by Rank and Percentile

The table below compares Chevy Chase Section Three to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-3.25%	-0.26%
Households	-0.54%	-0.39%
Families		-0.43%
Median Household Income		0.00%
Per Capita Income		1.25%
Owner Occupied HU		-0.33%

Variable Description	Rank	Percentile
Total Population	# 348	35th
Population Density	# 38	93rd
Median Household Income	# 19	100th
Housing Affordability Index	# 87	16th
Per Capita Income	# 1	100th
Diversity Index	# 337	37th

Chevy Chase Section Three, MD Profile: Facts & Data

Chevy Chase Section Three, Maryland - Basic Facts

Chevy Chase Section Three, MD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Chevy Chase Section Three, MD - Peer Comparisons by Rank and Percentile

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