Silver Spring, MD—20910
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 $639,000, with a year-over-year change of 0.6%. This indicates that home prices in Silver Spring, MD are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $639,000 | 0.6% |
| Single Family | $723,000 | -0.6% |
| Condos | $306,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $261,000 | -3.0% |
2 Bed | $375,000 | -1.3% |
3 Bed | $721,000 | -0.6% |
4 Bed | $836,000 | -1.1% |
| 5 Bed | $985,000 | -1.3% |
% of Housing Stock
Rental Trends — Silver Spring, MD
As of July '25, Rentcast reports the average rent in Silver Spring, MD is $2,420, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Silver Spring, MD is studios: $1,620, 1-bedrooms: $1,720, 2-bedrooms: $2,580, 3-bedrooms: $3,430, 4-bedrooms: $4,100. The most common rental property sizes in Silver Spring, MD are 1-bedroom and 2-bedroom, accounting for 45.0% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,420 |
| Studio Rent | $1,620 | $1,620 |
| 1 Bed Rent | $1,740 | $1,720 |
| 2 Bed Rent | $2,500 | $2,580 |
| 3 Bed Rent | $3,400 | $3,430 |
| 4 Bed Rent | $4,050 | $4,100 |
% 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 41. This is a increase of 41.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 21.0% |
Listing Count | 97 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 41 | 41.0% |
Demographics — Silver Spring, MD
As of the latest ACS Survey released in 2023, Silver Spring, MD has a population of 45,100, which has increased by 5.2% over the past 5 years. Silver Spring, MD is a moderately popular place for families, as children make up 17.4% of the population. The area has a highly educated workforce, with 74.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,100 | 5.2% |
% Under 18 | 17.4% | 1.2% |
% Seniors | 13.1% | 1.6% |
% WFH | 30.9% | 483.0% |
% w/ College Degree | 74.1% | 8.0% |
As of the latest ACS Survey released in 2023, Silver Spring, MD is a predominantly white area, with 44.6% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Silver Spring, MD is black, making up 30.1% of the population. Foreign-born residents account for 23.1% of the population in Silver Spring, MD, and this percentage has decreased by 16.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.6% | -0.4% |
% Black | 30.1% | -4.4% |
% Hispanic | 12.4% | -8.1% |
% Asian | 6.6% | -4.3% |
% Foreign Born | 23.1% | -16.3% |
Mortgage and Risk — Silver Spring, MD
According to HUD data as of 2023, there were 327 mortgage originations in Silver Spring, MD, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 17.0% 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. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 327 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
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 8.3%. 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. 1-bedroom and 2-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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,440 |
Total Units Section 8 | 1,250 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,740 | $2,300 |
| 2 Bedroom | $90 | $2,500 | $2,590 |
| 3 Bedroom | -$160 | $3,400 | $3,240 |
| 4 Bedroom | -$230 | $4,050 | $3,820 |
Affordability — Silver Spring, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $639,000 |
| Median Household Income | $108,000 |