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City · 81,462 residents · Montgomery County, Maryland

Silver Spring , Maryland

In Silver Spring, a typical home is worth $643,300 and typical rent is $1,913 a month. Compared with all of Montgomery County, typical household income is 25% lower, typical rent is 7% lower, and the share of households that own their home is 27 points lower.

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  • Typical home value

    $643,300

    About the same as the county

    53% above Maryland

    • Silver Spring
    • Montgomery
    • Maryland

  • Typical rent

    $1,913a month

    7% below the county

    12% above Maryland

    • Silver Spring
    • Montgomery
    • Maryland

  • Typical household income

    $99,860a year

    25% below the county

    4% below Maryland

    • Silver Spring
    • Montgomery
    • Maryland

  • Households that own their home

    38%

    27 points below the county

    29 points below Maryland

    • Silver Spring
    • Montgomery
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$536,271
about the same as 12 months ago
Typical rent
$1,969 a month
about the same as 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Silver Spring is in Montgomery County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Montgomery County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Silver Spring apart

What this place has that others do not, from public data, most unusual first.

  1. 38% of households in Silver Spring own their home, against 65% in Montgomery County.

  2. Nearby, in Langley Park, the typical home value is $357,200: 44% less than in Silver Spring ($643,300).

  3. Nearby, in Takoma Park, the typical rent is $1,432: 25% less than in Silver Spring ($1,913).

  4. The typical household income in Silver Spring is $99,860, 25% less than in Montgomery County as a whole ($132,450).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Silver Spring

What homes there are in Silver Spring, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Silver Spring, the apartment is the most common kind of home: 60%, against 33% in Montgomery County.

Year built

Homes in Silver Spring are older: the typical year built is 1964; in Montgomery County, 1980.

There are fewer big homes in Silver Spring than in Montgomery County: 35% have 3 bedrooms or more, against 63%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,845 a month

Montgomery County: $2,929 a month

Without a mortgage

$904 a month

Montgomery County: $986 a month

Owners with a mortgage

75%

Montgomery County: 70%

The typical cost for an owner with a mortgage in Silver Spring is $2,845 a month, near the figure in Montgomery County ($2,929).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Silver Spring rose 25%; in Montgomery County, it rose 32%.

Much as in Montgomery County, the typical rent in Silver Spring rose 15% since 2015–2019.

The typical household income in Silver Spring rose 19% over that time; home values changed +25% and rent +15%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSilver SpringMontgomery CountyMarylandUnited States
Rental vacancy 4.1%3.7%4.7%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room 6.2%3.3%2.5%3.4%
People per household 2.392.722.572.53
Drive alone 45%53%65%69%
Carpool 7%8%8%9%
Public transit 14%8%4%3%
Walk or bike 4%2%2%3%
Work from home 27%28%19%15%
Other means 3%2%2%2%
Typical commute 30 to 39 minutes30 to 39 minutes20 to 29 minutes20 to 29 minutes

In Silver Spring, the rental vacancy rate is 4.1%, about the same as in Montgomery County.

In Silver Spring, 6.2% of households live with more than one person per room, against 3.3% in Montgomery County.

Fewer people live in each home here: 2.39 on average, against 2.72 in Montgomery County.

In Silver Spring, 14% of workers get to work by public transit; in Montgomery County, 8%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Silver Spring?

A typical home costs more than the typical income allows

We start with a typical home in Silver Spring, worth $643,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 63% of the typical household income in Silver Spring, which is $99,860 a year. For that payment to be 28% of income, a household would need to earn about $226,137 a year.

The calculator's FHA and conventional loan limits are those of all of Montgomery County.

Your numbers

Local data
$

Starts at the typical home value in Silver Spring. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $22,516 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,277

at 7.18% · 30 years

Loan amount
$631,648
Total interest
$908,793
Paid off in
November 2056

Includes $10,864 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,330 a month

  • Tight

    $2,330 to $2,996 a month

  • Hard

    more than $2,996 a month

    Your payment · 63%

Compared with the typical household income in Silver Spring ($99,860 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,277
Principal & interest$4,279
Property tax$445
Home insurance$268
FHA mortgage insurance (MIP)$285

You need at least $22,516 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Silver Spring and Montgomery County

Silver Spring is in Montgomery County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Silver Spring's own numbers

Typical home value
$643,300
Typical monthly rent
$1,913
Typical yearly household income
$99,860
Households that own their home
38%
Effective property tax rate
0.83%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Montgomery County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,438
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
0.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Silver Spring

A typical home in Silver Spring is worth $643,300: about the same as the county and 53% above Maryland. With the typical household income in Silver Spring ($99,860 a year), a typical home costs 6.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Silver Spring 6.4 years
  • Montgomery 4.8 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 50% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Montgomery County.

Period County Maryland U.S.
Last year (2025) +1.3% +2.7% +2.9%
5 years (2020–2025) +35% +40% +47%
10 years (2015–2025) +50% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Silver Spring next to Montgomery County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Silver Spring $643,300
  • Montgomery $640,300
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Silver Spring $1,913
  • Montgomery $2,068
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Silver Spring $99,860
  • Montgomery $132,450
  • Maryland $103,678
  • United States $80,734
See the full table
Silver Spring next to Montgomery County and Maryland
Measure Silver Spring Montgomery County Maryland U.S.
Typical home value $643,300 $640,300 $419,900 $332,700
Typical monthly rent $1,913 $2,068 $1,705 $1,413
Typical yearly household income $99,860 $132,450 $103,678 $80,734
Households that own their home 38% 65% 68% 65%
Typical yearly property tax $5,360 $5,539 $4,093 $3,119
Effective property tax rate 0.83% 0.87% 0.97% 0.94%
Renters with high rent for their income 53% 52% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Silver Spring

For a typical $643,300 home in Silver Spring, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Silver Spring's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,277a month

    Least cash to close
    Down payment
    $22,516
    Cash to close
    $41,815
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $285

  • Conventional, 5% down $5,159a month

    Down payment
    $32,165
    Cash to close
    $51,464
    Rate
    7.18%
    Mortgage insurance
    PMI · $306

  • Conventional, 20% down, no PMI $4,199a month

    Down payment
    $128,660
    Cash to close
    $147,959
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,794a month

    Down payment
    $96,495
    Cash to close
    $115,794
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Silver Spring and for Montgomery County.

Property tax

Effective rate in Silver Spring

0.83%of the home’s value each year

$5,360 a year for the typical owner in Silver Spring.

  • Silver Spring 0.83%
  • Montgomery 0.87%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Montgomery County

FEMA does not publish these numbers by city: they are for all of Montgomery County.

Homes in the high-risk zone
0.1%
305
Of those, with NFIP insurance
51%
County Maryland U.S.
Homes in the high-risk zone 0.1% 1.2% 3.5%
Of those, with NFIP insurance 51% 74% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Silver Spring

Typical rent in Silver Spring is $1,913 a month: 7% below the county. In Silver Spring, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($2,438 a month) without spending more than 30% of your income, you would need to earn $46.88 an hour working full time.

HUD fair market rent for all of Montgomery County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,111 $40.60 $84,440
1 bedroom $2,204 $42.38 $88,160
2 bedrooms $2,438 $46.88 $97,520
3 bedrooms $3,107 $59.75 $124,280
4 bedrooms $3,658 $70.35 $146,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Silver Spring

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Silver Spring has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,180 in 20901 to $2,800 in 20910.

1 of the 2 is above the fair market rent for Montgomery County ($2,438).

  • 20901 $2,180$2,780
  • 20910 $2,800$3,570

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Silver Spring when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Silver Spring

HUD lists 49 buildings with rents for lower incomes in Silver Spring. These are the largest.

  • The Barrington 1901 E West Hwy, Silver Spring 20910 416 homes, 393 low-income · In service since 2005
  • Homecrest House South 14508 Homecrest Rd, Silver Spring 20906 235 low-income homes · For older adults (301) 598-4000
  • Woodside Manor-Crossing 10102 Georgia Ave, Silver Spring 20902 220 homes, 198 low-income · Studio: 1 · 1 bd: 60 · 2 bd: 159 · In service since 2002
  • Victory Forest LP 10000 Brunswick Ave, Silver Spring 20910 181 homes, 180 low-income · 1 bd: 180 · In service since 2009 · For older adults (301) 589-4030
  • Gramax Towers 8060 13th St, Silver Spring 20910 180 homes, 153 low-income · 1 bd: 118 · 2 bd: 62 · In service since 2004 · For families

See all 134 buildings in Montgomery County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Silver Spring

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Montgomery County; 3 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Silver Spring

No down payment, repair or rent-help program on our list is for Silver Spring or Montgomery County. The ones below are statewide in Maryland: they work in Silver Spring the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Silver Spring

The HUD-approved agencies closest to the center of Silver Spring, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Initiative Partnership, Inc. (HIP)

    6525 Belcrest Rd, Hyattsville · 4 miles away · Spanish

    Also serves in French and Portuguese.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (301) 699-3835

  • Latino Economic Development Corporation

    12520 Prosperity Dr, Silver Spring · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (202) 540-7426

  • Centro de Apoyo Familiar (CAF) MD

    6801 Kenilworth Ave Ste 110, Riverdale · 6 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (301) 328-3292

Every agency in Montgomery County All counseling agencies in Maryland

Help in Spanish near Silver Spring

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Silver Spring

In HUD’s record, no housing authority with an office in Montgomery County is named for Silver Spring or Montgomery County.

2 other authorities have an office in Montgomery County: see the list Source: HUD

Cities

Other cities in Montgomery County

These cities are also in Montgomery County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Montgomery County Housing in Maryland
See 24 more cities in Montgomery County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Silver Spring, with the typical home value.

Neighboring counties

If Montgomery County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Silver Spring.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Silver Spring

Short answers with the numbers for Silver Spring and all of Montgomery County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Silver Spring?

The typical home value in Silver Spring is $643,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $640,300.

How much does it cost to rent in Silver Spring?

Typical rent in Silver Spring is $1,913 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $2,438.

What is the FHA loan limit in Silver Spring?

Silver Spring uses the FHA limit for all of Montgomery County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Silver Spring?

The typical homeowner in Silver Spring pays $5,360 a year, according to the U.S. Census Bureau. That is 0.83% of the home’s value; in Montgomery County, the rate is 0.87%.

Where can I find free help to buy or rent in Silver Spring?

There are 3 HUD-approved counseling agencies with an office in Montgomery County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).