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Silver spring, MD

Population 79,750

0.3348% 1 Year Growth

Median Household Income $80,787

5.1729% 1- Year Growth

Median Property Value $497.2K

3.9019% 1-Year Growth

About

In 2018, Silver spring, MD had a population of $79.8K people with a median age of 34.7 and a median household income of $80,787. Between 2017 and 2018 thepopulation of Silver spring, MD grew from 79,750 to 79,483, a 0.3348% increase and its mediam household income grew from $76,608 to $80,787, a 5.1729% increase.
The 5 largest ethnic groups in Silver spring, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Silver spring, MD speak a non-English language, and 0.3348% are U.S. citizens.
The median property value in Silver spring, MD is $1.07M, and the homeownership rate is 59%. Most people in Silver spring, MD commute by Drove Alone, and the average commute time is 33.44 minutes. The average car ownership in Silver spring, MD is 2 cars per household.

Housing & Living

The median property value in Silver spring, MD was $497.2K in 2018, which is 4.65 times larger than the national average of $229,700. Between 2017 and 2018 the median property value increased from $994,400 to
$1.07M, a 7.48% increae. The homeownership rate in Silver spring, MD is 59%, which is lower than the national average of 63.9%. People in Silver spring, MD have an average commute time of 33.44 minutes, and they
commute by Drove Alone. Car ownership in Silver spring, MD is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $497.2K 2018 median ± $80,787
  • $477,800 2017 Median ± $76,608

In 2018, the median propery value in Silver spring, MD grew to $497.2K from the previous year's value of $477800.

The following charts display, first, the property values in Silver spring, MD compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Silver spring, MD the largest share of households have a property value in the N/A range.

Property Taxes

  • $11.3K AVERAGE RANGE

This chart shows the households in California distributed between a series of property tax buckets compared to the national averages for each bucket. In California the largest share of households pay taxes in the $11.3K range.

economy

In 2018, Silver spring, MD had a population of $79.8K people with a median age of 34.7 and a median household income of $80,787. Between 2017 and 2018 thepopulation of Silver spring, MD grew from 79,483 to 79,750, a 0.3348% increase and its mediam household income grew from $76,608 to $80,787, a 5.1729% increase.
The 5 largest ethnic groups in Silver spring, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Silver spring, MD speak a non-English language, and 0.3348% are U.S. citizens.
The median property value in Silver spring, MD is $497.2K, and the homeownership rate is 59%. Most people in Silver spring, MD commute by Drove Alone, and the average commute time is 33.44 minutes. The average car ownership in Silver spring, MD is 2 cars per household.

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