Silver Spring, MD Real Estate

According to census data in the year 2000 there were 31,213 housing units in Silver Spring. This represents a 6.8% decline from 33,494 in 1990.

Of those housing units, 31,213 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Silver Spring is about 43.6%. Silver Spring's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 2.5 people.

The majority of houses, apartments or condos in Silver Spring were built after 1957.


Housing Size

Housing Units by Size
Studio Type8.50%
One Bedroom25.60%
Two Bedrooms25.60%
Three Bedrooms26.80%
Four Bedrooms10.80%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1951
Median Value of occupied units$187,300
Median Price asked for vacant units$183,300

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1963
Median Monthly Rent asked for vacant units$772

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.70%
Home Equity Loan8.80%
Simple Mortgage60.90%
Debt Free21.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.8%