20815, Chevy Chase, MD

The 20815 zip code of Chevy Chase, MD has a median home value of $1,068,000. The home equity in this zip code is $1,812,000. The average home price in the 20815 zip code has increased by 9.5% over the past year. The percentage increase in home prices is higher than the national average of 7%.

The main factors that have contributed to the increase in home prices are low interest rates and strong demand for housing. Low interest rates have made it more affordable for people to borrow money to buy homes and invest in property values. Strong demand for housing has resulted from an increasing number of people who are looking to purchase homes in desirable areas such as Chevy Chase.

Some potential buyers may be deterred from purchasing a home in the 20815 zip code due to concerns about rising prices or limited availability of properties. However, recent trends suggest that these concerns may not be warranted and that there is still plenty of opportunity for buyers who are interested in purchasing homes in this area.