Home Values in Silver Spring, Maryland — 2026 Market Report
Updated March 2026 | Seller's Market | +4% YoY
The median home value in Silver Spring, Maryland is $475,000 as of March 2026, which is above the national median of $400,000. Home values in Silver Spring have increased by 4% over the past year and 21.7% over the last five years. With a population of 81,015 and a median household income of $72,250, the price-to-income ratio stands at 6.6x, making Silver Spring affordable for the average household.
Silver Spring Housing Market Conditions
| Metric | Silver Spring | National Avg |
|---|---|---|
| Median Home Value | $475,000 | $400,000 |
| YoY Appreciation | +4% | +3.8% |
| 5-Year Appreciation | +21.7% | +22.4% |
| Price per Sq Ft | $247 | $222 |
| Days on Market | 44 days | 45 days |
| Months of Supply | 2.4 | 3.5 |
| List-to-Sale Ratio | 99.8% | 98.5% |
| Monthly Homes Sold | 76 | — |
| Foreclosure Rate | 0.25% | 0.3% |
Home Value Trends in Silver Spring
A homeowner who purchased at the median price of $390,304 five years ago in Silver Spring would have gained approximately $84,696 in equity, representing a 21.7% return on investment. Over the past year alone, the typical homeowner gained $18,269 in home equity.
Affordability in Silver Spring, MD
With a median household income of $72,250 and a median home price of $475,000, the price-to-income ratio in Silver Spring is 6.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,324 compared to estimated monthly ownership costs of $2,680 gives a rent-vs-buy ratio of 0.81. In Silver Spring, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Silver Spring
The effective property tax rate in Maryland is 1.07%. On a home valued at $475,000, the estimated annual property tax bill is $5,083, or approximately $424/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Silver Spring is 118.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Silver Spring, MD?
The median home value in Silver Spring, Maryland is $475,000 as of March 2026. Home values have changed +4% over the past year, with a 5-year appreciation of 21.7%.
Is Silver Spring a buyer's or seller's market?
Silver Spring is currently a seller's market with 2.4 months of housing supply. Homes spend an average of 44 days on market, and the list-to-sale price ratio is 99.8%. Low inventory gives sellers an advantage.
Are home values going up in Silver Spring?
Yes, home values in Silver Spring have increased by 4% over the past year. The 5-year appreciation rate is 21.7%, meaning a home worth $390,304 five years ago is now worth $475,000.
Is it better to rent or buy in Silver Spring?
The average monthly rent in Silver Spring is $3,324, while estimated monthly homeownership costs are approximately $2,680. The price-to-rent ratio is 11.9. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Silver Spring, Maryland is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.