Zip 20903 (Silver Spring, MD) Housing

The housing median value in 20903 Silver Spring, MD is quite high at $474,200 compared to the US House Median Value of $338,100. However, the one year house appreciation rate in 20903 Silver Spring, MD is only 2.33%, which is significantly lower than the US 1 year House Appreciation rate of 8.27%. This suggests that housing prices in this area are not increasing as quickly as they are in other areas of the country.

The median home cost in Silver Spring (zip 20903) is $474,200. Home appreciation the last 10 years has been 59.7%. Home Appreciation in Silver Spring (zip 20903) is up 9.1%.

Average Age of Homes

- The median age of Silver Spring (zip 20903) real estate is 55 years old

The Rental Market in Silver Spring (zip 20903)

- Renters make up 62.8% of the Silver Spring (zip 20903) population
- 1.9% of houses and apartments in Silver Spring (zip 20903), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Silver Spring, Maryland	United States
	7,495.0	139,647,020.0
	57	42
	$474,200	$338,100
	9.1%	16.6%
	34.9%	57.0%
	59.7%	101.1%
	$8.78	$10.98
	$3,573	$2,690
	39.1%	57.4%
	3.8%	11.2%
	57.1%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	0.2%	2.4%
	0.9%	2.8%
	0.4%	3.9%
	0.8%	4.5%
	2.6%	11.3%
	6.3%	13.0%
	12.5%	20.1%
	20.7%	13.6%
	35.6%	8.3%
	13.7%	9.7%
	3.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	7.1%	13.6%
	5.3%	13.2%
	11.7%	14.8%
	7.1%	13.6%
	27.8%	10.0%
	6.1%	4.7%
	5.6%	12.2%

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