Silver Spring, MD—20901
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 $581,000, with a year-over-year change of 1.1%. This indicates that home prices in Silver Spring, MD are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $581,000 | 1.1% |
| Single Family | $592,000 | 0.5% |
| Condos | $270,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $210,000 | -4.1% |
2 Bed | $385,000 | -2.5% |
3 Bed | $598,000 | -0.5% |
4 Bed | $648,000 | -0.6% |
| 5 Bed | $688,000 | -0.9% |
% of Housing Stock
Rental Trends — Silver Spring, MD
As of July '25, Rentcast reports the average rent in Silver Spring, MD is $2,220, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Silver Spring, MD is studios: $1,210, 1-bedrooms: $1,440, 2-bedrooms: $1,970, 3-bedrooms: $2,880, 4-bedrooms: $3,400. The most common rental property sizes in Silver Spring, MD are 2-bedroom and 1-bedroom, accounting for 38.7% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,220 |
| Studio Rent | $1,200 | $1,210 |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,850 | $1,970 |
| 3 Bed Rent | $3,000 | $2,880 |
| 4 Bed Rent | $3,300 | $3,400 |
% 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 31. This is a increase of 25.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $651,000 | -3.0% |
Listing Count | 78 | 26.0% |
| Listings as % of Homes | 0.3% | 26.0% |
Days on Market | 31 | 25.0% |
Demographics — Silver Spring, MD
As of the latest ACS Survey released in 2023, Silver Spring, MD has a population of 37,300, which has increased by 3.3% over the past 5 years. Silver Spring, MD is a moderately popular place for families, as children make up 22.4% of the population. The area has a highly educated workforce, with 56.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | 3.3% |
% Under 18 | 22.4% | -12.5% |
% Seniors | 14.9% | 24.2% |
% WFH | 25.7% | 328.3% |
% w/ College Degree | 56.4% | -0.2% |
As of the latest ACS Survey released in 2023, Silver Spring, MD is a predominantly white area, with 38.8% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Silver Spring, MD is black, making up 28.1% of the population. Foreign-born residents account for 34.3% of the population in Silver Spring, MD, and this percentage has increased by 22.1% 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 | 38.8% | -9.1% |
% Black | 28.1% | 9.8% |
% Hispanic | 19.5% | -10.1% |
% Asian | 7.7% | 6.9% |
% Foreign Born | 34.3% | 22.1% |
Mortgage and Risk — Silver Spring, MD
According to HUD data as of 2023, there were 431 mortgage originations in Silver Spring, MD, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Silver Spring, MD. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 431 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
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 6.3%. 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 | 258 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 96.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,400 | $1,880 |
| 2 Bedroom | $270 | $1,850 | $2,120 |
| 3 Bedroom | -$350 | $3,000 | $2,650 |
| 4 Bedroom | -$170 | $3,300 | $3,130 |
Affordability — Silver Spring, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $581,000 |
| Median Household Income | $127,000 |