Silver Spring, MD has seen a steady increase in housing median value over the past year. At $542,400, Silver Spring's median housing value is well above the national median of $338,100. While the US housing market has seen an 8.27% appreciation over the past year, Silver Spring has appreciated only 2.42%. Despite this discrepancy, Silver Spring remains a desirable location for many homebuyers, and prices are still expected to rise in the coming months.
The median home cost in Silver Spring is $542,400. Home appreciation the last 10 years has been 59.3%. Home Appreciation in Silver Spring is up 9.2%.
Average Age of Homes
- The median age of Silver Spring real estate is 54 years old
The Rental Market in Silver Spring
- Renters make up 59.0% of the Silver Spring population
- 2.8% of houses and apartments in Silver Spring, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.