A Chevy Chase Home for $500 Down

Do you live in Chevy Chase? Was your down payment $500? I think it’s safe to say that’s off by a factor of around 200. Either you find this extremely amusing or slightly depressing. That amount of money in 1911 is probably worth $20,000 today. That also probably makes you a little depressed. Chevy Chase ain’t cheap.

Thomas J. Fisher & Co., Inc. advertisement - April 9th, 1911 (Washington Herald)
Thomas J. Fisher & Co., Inc. advertisement – April 9th, 1911 (Washington Herald)

About Tom

Tom founded Ghosts of DC on January 4th, 2012 as a blog to uncover the lost and untold history of Washington, D.C. He has lived in the city for over a decade and loves exploring every corner of the District.

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  • ZZinDC

    Not quite $20,000. The Bureau of Labor Statistics has a webpage where you can see how much prices have have inflated between two years. It only goes back to 1913, but in that year, $500 would be equal to $11,766 in today’s dollars. Still – quite a lot.
    (The site is www[dot]bls[dot]gov/data/inflation_calculator[dot]htm)