Silver Spring, MD

Population: 72,777
Average annual home appreciation rate: 9.36%
Total of homes for sale in this market:
Median home price: $444,927
Median Rent: $1,331 per room
Home price range: 32.89% of homes are between $503,001 – $755,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 56.04% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 4.52%
Number of renters: 59.28%
Number of owner occupied: 40.72%
Number people living below poverty level: 10.98%
Unemployment rate: 6.00%
Is this area perfect for real estate deals going on right now? Data shows Silver Spring in one of the highest appreciating communities in the nation for the latest quarter, and may signal the town’s near-future real estate investment strength. Silver Spring has a solid home appreciation rate that isn’t showing signs of changing any time soon. Solid real estate property investments = solid return on investments in the Bethesda market.

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