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Silver Spring, MD Housing

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As of 2010-2014, median price of a house in Silver Spring is $447,800, which is higher than the state average of $287,500 and is much higher than the national average of $175,700. The Silver Spring median house value has grown by 139.08% since 2000. The growth rate for the price of a house in Silver Spring is much higher than the state average rate of 96.92% and is much higher than the national average rate of 46.91%. The median year that a house in Silver Spring was built is 1962, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 11,516 Owner Occupied Houses in Silver Spring, MD, #54

Silver Spring, MD	447,800 USD
Maryland	287,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #20

Silver Spring, MD	139.08%
Maryland	96.92%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Silver Spring, MD	Maryland	U.S.
Total Housing Units	31,824, see rank, 100%	2,399,375	132,741,033
Occupied Housing Units	30,290, 95.18%, see rank	89.86%	87.55%
Owner Occupied	11,516, 36.19%, see rank	60.26%	56.34%
Renter Occupied	18,774, 58.99%, see rank	29.60%	31.21%
Vacant Housing Units	1,534, 4.82%, see rank	10.14%	12.45%
For Rent	847, 2.66%, see rank	2.24%	2.34%
For Sale Only	48, 0.15%, see rank	1.11%	1.20%
Rented or Sold, Not Occupied	29, 0.09%, see rank	0.65%	0.92%
For Seasonal, Recreational, or Occasional Use	246, 0.77%, see rank	2.35%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	364, 1.14%, see rank	3.76%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #325

Silver Spring, MD	Maryland	U.S.
1962	1975	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Silver Spring, MD	%	Maryland	U.S.
Owner-Occupied Units	11,516	100%	1,445,880	74,787,460
With a Mortgage	9,008	78.22%, see rank	75.17%	65.58%
Without a Mortgage	2,508	21.78%, see rank	24.83%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Silver Spring, MD	2,395 USD
Maryland	1,999 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Silver Spring, MD	%	Maryland	U.S.
$299 or Less	23	0.26%, see rank	0.12%	0.20%
$300 to $499	20	0.22%, see rank	0.75%	1.59%
$500 to $699	85	0.94%, see rank	1.94%	5.01%
$700 to $999	240	2.66%, see rank	5.73%	14.32%
$1,000 to $1,499	1,074	11.92%, see rank	18.28%	27.90%
$1,500 to $1,999	1,671	18.55%, see rank	23.23%	20.35%
$2,000 to $2,999	3,574	39.68%, see rank	31.23%	19.52%
$3,000 or More	2,321	25.77%, see rank	18.71%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Silver Spring, MD	22.50% of the Total Income
Maryland	24.00% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Silver Spring, MD	%	Maryland	U.S.
10% or Less	650	7.22%, see rank	5.74%	5.86%
10% to 20%	3,080	34.19%, see rank	30.56%	31.95%
20% to 30%	2,549	28.30%, see rank	29.32%	27.64%
30% to 40%	1,405	15.60%, see rank	14.45%	13.74%
40% or More	1,303	14.46%, see rank	19.55%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Silver Spring, MD	704 USD
Maryland	583 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Silver Spring, MD	%	Maryland	U.S.
$199 or Less	15	0.60%, see rank	2.62%	7.76%
$200 to $299	34	1.36%, see rank	5.55%	14.70%
$300 to $499	289	11.52%, see rank	28.64%	34.63%
$500 to $699	903	36.00%, see rank	29.57%	21.16%
$700 or More	1,267	50.52%, see rank	33.62%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Silver Spring, MD	11.10% of the Total Income
Maryland	12.10% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Silver Spring, MD	%	Maryland	U.S.
10% or Less	1,145	45.65%, see rank	41.59%	40.19%
10% to 20%	711	28.35%, see rank	30.55%	31.47%
20% to 30%	318	12.68%, see rank	11.67%	12.24%
30% to 40%	94	3.75%, see rank	5.66%	5.64%
40% or More	218	8.69%, see rank	9.55%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Silver Spring, MD	Maryland	U.S.
Total Housing Units	31,824, 100%	2,399,375	132,741,033
1-unit, Detached	9,998, 31.42%, see rank	51.72%	61.65%
1-unit, Attached	1,639, 5.15%, see rank	21.19%	5.82%
2 Units	324, 1.02%, see rank	1.60%	3.75%
3 or 4 Units	1,149, 3.61%, see rank	2.20%	4.43%
5 to 9 Units	2,733, 8.59%, see rank	4.94%	4.78%
10 or More Units	15,928, 50.05%, see rank	16.70%	13.08%
Mobile Home, Boat, RV, Van, etc.	53, 0.17%, see rank	1.63%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Silver Spring, MD	Maryland	U.S.
Total Housing Units	31,824, 100%	2,399,375	132,741,033
1 Room	1,153, 3.62%, see rank	1.15%	1.95%
2 Rooms	1,817, 5.71%, see rank	1.62%	2.48%
3 Rooms	7,362, 23.13%, see rank	7.62%	9.13%
4 Rooms	7,305, 22.95%, see rank	12.84%	16.60%
5 Rooms	3,572, 11.22%, see rank	14.80%	20.41%
6 Rooms	2,639, 8.29%, see rank	17.19%	18.06%
7 Rooms	2,443, 7.68%, see rank	14.01%	12.27%
8 Rooms	2,068, 6.50%, see rank	11.30%	8.48%
9 Rooms or More	3,465, 10.89%, see rank	19.47%	10.60%
Median Rooms	4.30, see rank	6.20	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Silver Spring, MD	Maryland	U.S.
Total Housing Units	31,824, 100%	2,399,375	132,741,033
No Bedroom	1,559, 4.90%, see rank	1.33%	2.17%
1 Bedroom	9,390, 29.51%, see rank	10.34%	11.16%
2 Bedrooms	9,427, 29.62%, see rank	22.38%	26.69%
3 Bedrooms	6,858, 21.55%, see rank	37.63%	39.70%
4 Bedrooms	3,355, 10.54%, see rank	21.12%	16.05%
5 or More Bedrooms	1,235, 3.88%, see rank	7.20%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Silver Spring, MD	Maryland	U.S.
Total Housing Units	30,290, 100%	2,155,983	116,211,092
Utility Gas	17,316, 57.17%, see rank	44.54%	48.85%
Bottled, Tank, or LP Gas	189, 0.62%, see rank	3.17%	4.86%
Electricity	11,745, 38.78%, see rank	39.67%	36.68%
Fuel Oil, Kerosene, etc.	689, 2.27%, see rank	10.31%	5.86%
Coal or Coke	0, 0.00%, see rank	0.11%	0.12%
Wood	6, 0.02%, see rank	1.37%	2.12%
Solar Energy	5, 0.02%, see rank	0.03%	0.05%
Other Fuel	118, 0.39%, see rank	0.45%	0.47%
No Fuel Used	222, 0.73%, see rank	0.35%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Silver Spring, MD	Maryland	U.S.
Occupied Units Paying Rent	18,430, 100%	682,566	39,201,928
$199 or Less	104, 0.56%, see rank	1.63%	1.50%
$200 to $299	317, 1.72%, see rank	2.77%	3.18%
$300 to $499	182, 0.99%, see rank	3.76%	7.37%
$500 to $699	169, 0.92%, see rank	5.52%	16.01%
$700 to $999	1,310, 7.11%, see rank	18.21%	29.17%
$1,000 to $1,499	7,898, 42.85%, see rank	37.53%	26.88%
$1,500 to $1,999	6,099, 33.09%, see rank	19.46%	9.79%
$2,000 or More	2,351, 12.76%, see rank	11.13%	6.10%
Median	$1,459, see rank	$1,218	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Silver Spring, MD	Maryland	U.S.
Occupied Housing Units	30,290, 100%	2,155,983	116,211,092
No Vehicles Available	4,850, 16.01%, see rank	9.39%	9.12%
1 Vehicles Available	14,283, 47.15%, see rank	32.90%	33.80%
2 Vehicles Available	8,224, 27.15%, see rank	36.77%	37.48%
3 or More Vehicles Available	2,933, 9.68%, see rank	20.95%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.