The housing market in 20910 Silver Spring, MD is currently strong. According to the data on median housing value, the median house value in this area is $624,300, which is about 85% higher than the US median of $338,100. This indicates that the area is an attractive place for those looking to invest in real estate. While appreciation has been relatively low over the past year at 2.33%, it's still a far cry from the 8.27% appreciation seen nationwide. Despite a slower rate of appreciation than other areas across the country, this area remains an attractive option for those looking to buy or rent property due to its relative affordability and strong market.
The median home cost in Silver Spring (zip 20910) is $624,300. Home appreciation the last 10 years has been 59.7%. Home Appreciation in Silver Spring (zip 20910) is up 9.1%.
Average Age of Homes
- The median age of Silver Spring (zip 20910) real estate is 50 years old
The Rental Market in Silver Spring (zip 20910)
- Renters make up 60.4% of the Silver Spring (zip 20910) population
- 3.4% of houses and apartments in Silver Spring (zip 20910), 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.