Silver Spring, Maryland.
Typical home $536,271 (-0.1% in a year), asking rent $1,969 (-0.2%). Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
to buy the typical home at today's mortgage rate — +$1,253 (+80%) since Jan 2020.
- 1 year
- Down $684 -0%
- $536,955$536,271 since Sep 2025
- 5 years
- Up $42,531 +9%
- $493,741$536,271 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Silver Spring$2,815
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 42 years.
Typical home values in Silver Spring, MD fell 0.1% over the past year — slower than the nation's +1.2%.
Asking rents in Silver Spring, MD fell 0.2% over the past year — slower than the nation's +2.7%.
Owning the typical home in Silver Spring runs $1,807/mo more than renting one. The gap peaked at $1,918 in Jan 2025.
That is $3,775 a month against $1,969 rent: a $2,815 mortgage payment, plus $387 property tax and $574 insurance & upkeep.
Owning vs renting — Silver Spring
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,775
- Renting$1,969
- Mortgage only$2,815
Property tax · $387/mo 0.87% of value a year — the ACS 2020-2024 median bill over the median home value for Montgomery County, MD
Insurance & upkeep · $574/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Silver Spring, Montgomery County, Maryland
Silver Spring, in Montgomery County, had 81,015 people in the 2020 census. Half its households earn more than $99,860 a year and half less, against $132,450 across Montgomery County; 11% of its people live below the poverty line. 38% of its homes are lived in by their owners and 62% are rented. Unemployment in Montgomery County was 3.5% in August 2026, and the county had 1.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Silver Spring sits just outside Washington, D.C., and most of its residents rent rather than own, a good deal more than across Montgomery County as a whole. Household incomes are below the county's, and the population is younger than in many American towns. A large majority of adults hold a four-year degree, and commutes tend to be long, though a fair number of people work from home. Winters are cold, with highs near freezing in January and some snow, summers are hot, and rain and melted snow fall steadily through the year.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, and in government. Among the largest workplaces in Silver Spring are the Food and Drug Administration, the National Oceanic and Atmospheric Administration and the drug maker United Therapeutics. Unemployment across Montgomery County is lower than a year earlier, though the county has fewer jobs than it did the year before.
Things to do. The museums and monuments of Washington are a short drive away. The National Mall is a long park lined with memorials and museums, and the National Museum of Natural History and the National Air and Space Museum are both among the Smithsonian's best-known museums. The National Zoological Park, also a short drive away, makes an easy outing for visitors of any age.
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- 33,988households
- 61%of adults have a degree
- 11%below the poverty line
- 34 mintypical commute
- 27%work from home
What residents work in
Employed residents by industry, from the Census survey. Montgomery County had 456,358 jobs in 2025, 1.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 43° and lows near 25°; warmest in July, with highs near 87° and lows near 68°. About 16 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Beltsville weather station, 5 miles away (NOAA).
Largest workplaces in Silver Spring
- Food and Drug AdministrationFederal government · Department of Health and Human Services6,489
- National Oceanic and Atmospheric AdministrationFederal government · Department of Commerce1,938
- Mindoula HealthPsychotherapists' offices347
- United TherapeuticsPharmaceutical preparations manufacturing268
- Berkel & Company ContractorsFoundation, building, poured concrete, contractors208
- Silver Spring174
- AcecoDemolition167
- Community Multi ServicesGroup homes, intellectual and developmental disability167
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 27 workplaces with 20 or more staff, 2,734 people in all. Federal offices come from OPM's federal workforce data (2026). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherrelatively high in parts of Silver SpringRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Silver Spring’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Montgomery County and the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
Silver Spring home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Silver Spring$536,271
- Maryland$424,890
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Silver Spring listings, and the typical home goes pending in 16 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Silver Spring30.07%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Silver Spring16
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Silver Spring686
New listings per month
Sellers arriving at the market.
- Silver Spring227
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Silver Spring$525,740
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Silver Spring99.90%
Zip codes with a Silver Spring address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Silver Spring — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Silver Spring
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 20906 | Silver Spring | 70,595 | $1,979 | $436,799 |
| 20904 | Silver Spring | 58,646 | $1,946 | $576,041 |
| 20902 | Silver Spring | 54,261 | $2,078 | $529,256 |
| 20910 | Silver Spring | 45,943 | $1,957 | $633,263 |
| 20901 | Silver Spring | 36,435 | $2,088 | $582,044 |
| 20903 | Silver Spring | 24,815 | $1,786 | $507,532 |
| 20905 | Silver Spring | 19,004 | $2,658 | $665,546 |