Silver Spring, MD—20905
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silver Spring, MD
As of Oct '25, the median home price in Silver Spring, MD is $672,000, with a year-over-year change of -0.2%. This indicates that home prices in Silver Spring, MD are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $672,000 | -0.2% |
| Single Family | $672,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $559,000 | -0.5% |
4 Bed | $690,000 | -1.4% |
| 5 Bed | $770,000 | -1.7% |
% of Housing Stock
Rental Trends — Silver Spring, MD
As of July '25, Rentcast reports the average rent in Silver Spring, MD is $3,460, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Silver Spring, MD is 1-bedrooms: $2,280, 2-bedrooms: $1,800, 3-bedrooms: $2,750, 4-bedrooms: $3,750. The most common rental property sizes in Silver Spring, MD are 2-bedroom and 3-bedroom, accounting for 41.9% and 40.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,700 | $3,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,280 | $2,280 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,300 | $2,750 |
| 4 Bed Rent | $3,700 | $3,750 |
% of Rental Stock
Property Listings — Silver Spring, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Silver Spring, MD is 32. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $732,000 | -13.0% |
Listing Count | 49 | 169.0% |
| Listings as % of Homes | 0.3% | 169.0% |
Days on Market | 32 | 29.0% |
Demographics — Silver Spring, MD
As of the latest ACS Survey released in 2023, Silver Spring, MD has a population of 18,300, which has remained stable by 0.8% over the past 5 years. Silver Spring, MD is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | 0.8% |
% Under 18 | 23.0% | 9.5% |
% Seniors | 17.8% | 1.7% |
% WFH | 28.7% | 310.0% |
% w/ College Degree | 57.0% | -0.9% |
As of the latest ACS Survey released in 2023, Silver Spring, MD is a predominantly white area, with 35.2% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in Silver Spring, MD is black, making up 25.5% of the population. Foreign-born residents account for 30.9% of the population in Silver Spring, MD, and this percentage has increased by 14.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 35.2% | -12.4% |
% Black | 25.5% | -4.5% |
% Hispanic | 16.8% | 33.3% |
% Asian | 15.3% | -10.5% |
% Foreign Born | 30.9% | 14.0% |
Mortgage and Risk — Silver Spring, MD
According to HUD data as of 2023, there were 183 mortgage originations in Silver Spring, MD, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Silver Spring, MD. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Silver Spring, MD
As of 2024, the percent of homes in Silver Spring, MD under the Section 8 program is 12.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Silver Spring, MD, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $2,280 | $2,020 |
| 2 Bedroom | $470 | $1,800 | $2,270 |
| 3 Bedroom | $540 | $2,300 | $2,840 |
| 4 Bedroom | -$350 | $3,700 | $3,350 |
Affordability — Silver Spring, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $672,000 |
| Median Household Income | $155,000 |