The average rental price in Chevy Chase is currently $1,113, based on NeighborhoodScout’s exclusive analysis. Rents here are currently lower in price than 57.5% of Kentucky neighborhoods.

Chevy Chase is an urban neighborhood (based on population density) located in Lexington, Kentucky.

Chevy Chase real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Chevy Chase neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Chevy Chase has a 13.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout’s exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Notable & Unique: People
Of note is NeighborhoodScout’s research finding that the Chevy Chase neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Chevy Chase community truly stands out from the rest in this regard.

In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you.

NeighborhoodScout’s research revealed that a full 80.1% of the adults living in the Chevy Chase neighborhood have earned at least a bachelor’s degree. This is a higher rate than NeighborhoodScout found in 98.1% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Also, one of the really interesting characteristics about the Chevy Chase neighborhood is that, according to NeighborhoodScout’s exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.1% of college-friendly places to live in the state of Kentucky. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Chevy Chase neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 63.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Notable & Unique: Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.3% of residents in the Chevy Chase neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.3% of all neighborhoods in the U.S., according to NeighborhoodScout’s exclusive analysis.

Notable & Unique: Diversity
Did you know that the Chevy Chase neighborhood has more Scottish and British ancestry people living in it than nearly any neighborhood in America? It’s true! In fact, 10.0% of this neighborhood’s residents have Scottish ancestry and 5.5% have British ancestry.

The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout’s analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Chevy Chase neighborhood in Lexington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout’s exclusive analysis reveals that this neighborhood has a higher income than 64.1% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America’s neighborhoods.

The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Chevy Chase neighborhood, 65.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.2%), and 4.5% in manufacturing and laborer occupations.

The Neighbors: Languages
The most common language spoken in the Chevy Chase neighborhood is English, spoken by 95.8% of households. Some people also speak Spanish (3.5%).

Chevy Chase is a popular neighborhood for home buyers who can afford to buy a home in the median price range of $660K.

In September 2022, the median listing home price in Chevy Chase was $660K, flat year-over-year. The median listing home price per square foot was $244. The median home sold price was $710K.