What is the median home value in Silver Spring, MD?

Name: Home values in Silver Spring, MD, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Silver Spring, MD is $643,300 (±$16,258), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Silver Spring, the median home value went from $516,900 in 2015–2019 to $643,300 in 2020–2024 (+24.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $643,300 (±$16,258)
Owner-occupied homes: 13,009 (±649)
Most common range: $500,000 to $999,999

Home values in Silver Spring

Owner-occupied homes by value, 2020–2024
Value	Silver Spring	Montgomery County	Maryland	United States
Less than $50,000	0.9% (±0.8 points)	1.3%	3.0%	5.3%
$50,000 to $99,999	0.6% (±0.3 points)	0.7%	2.0%	6.1%
$100,000 to $149,999	0.9% (±0.6 points)	0.9%	2.7%	6.8%
$150,000 to $199,999	1.7% (±0.8 points)	1.6%	4.8%	9.0%
$200,000 to $299,999	6.4% (±1.4 points)	5.8%	14.8%	17.8%
$300,000 to $499,999	21.0% (±2.6 points)	23.2%	37.1%	26.9%
$500,000 to $999,999	59.4% (±2.8 points)	47.6%	29.7%	20.9%
$1,000,000 or more	9.3% (±1.6 points)	18.8%	6.0%	7.1%

The most common range is $500,000 to $999,999, 59.4% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Silver Spring against Montgomery County, its state and the nation

Estimate (90% margin of error)
	Silver Spring	Montgomery County	Maryland	United States
Median home value	$643,300 (±$16,258)	$640,300 (±$5,098)	$419,900 (±$1,385)	$332,700
Owner-occupied homes	13,009 (±649)	254,139 (±2,460)	1,597,565 (±8,362)	84,210,142

In Silver Spring, the median home value is not measurably different from Montgomery County ($640,300).

It is also higher than in Maryland ($419,900).

It is higher than the national figure ($332,700).

In Montgomery County, Silver Spring ranks 33 of 59 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 46 of 381.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Silver Spring have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$516,900 (±$13,563)	$643,300 (±$16,258)	+24.5%	No measurable change after inflation
Median owner cost with a mortgage	$2,528 (±$67)	$2,845 (±$93)	+12.5%	Down after inflation
Median real estate taxes	$4,435 (±$97)	$5,360 (±$160)	+20.9%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Silver Spring

Nearest places with a published estimate, compared with Silver Spring
Place	Distance	Median home value	Compared with this place
Silver Spring	—	$643,300 (±$16,258)	—
Four Corners	1.6 mi	$620,400 (±$16,065)	Lower
Forest Glen	1.7 mi	$606,100 (±$26,368)	Lower
Takoma Park	1.8 mi	$749,200 (±$37,123)	Higher
Langley Park	2.3 mi	$357,200 (±$19,027)	Lower
Burnt Mills	2.5 mi	$574,300 (±$66,468)	Lower
South Kensington	2.6 mi	$919,800 (±$37,414)	Higher
Kemp Mill	2.7 mi	$596,600 (±$19,564)	Lower
North Chevy Chase	2.9 mi	$1,212,500 (±$66,937)	Higher

Nearby places with a measurably lower figure: Four Corners, MD ($620,400), Forest Glen, MD ($606,100), Langley Park, MD ($357,200).

Nearby places with a measurably higher figure: Takoma Park, MD ($749,200), South Kensington, MD ($919,800), North Chevy Chase, MD ($1,212,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Montgomery County, place by place

Rank	Place	Median home value
27	Barnesville	$730,300 (±$164,437)
28	Derwood	$719,800 (±$113,033)
29	Rockville	$682,300 (±$18,120)
30	Clarksburg	$679,400 (±$30,621)
31	Cloverly	$665,300 (±$17,564)
32	Olney	$656,600 (±$14,917)
33	Silver Spring	$643,300 (±$16,258)
34	Spencerville	$626,900 (±$27,103)
35	Four Corners	$620,400 (±$16,065)
36	Colesville	$616,800 (±$18,161)
37	Washington Grove	$612,700 (±$35,745)
38	Layhill	$608,000 (±$42,242)
39	Forest Glen	$606,100 (±$26,368)

Showing 13 of 59 places in Montgomery County, ranked from highest to lowest.

Silver Spring is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Silver Spring

What is the average home value in Silver Spring, MD?

The Census Bureau publishes the median: $643,300 (±$16,258) for owner-occupied homes in Silver Spring (2020–2024 American Community Survey).

Have home values in Silver Spring gone up?

In Silver Spring, the median home value went from $516,900 in 2015–2019 to $643,300 in 2020–2024 (+24.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Silver Spring sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Silver Spring CDP, Maryland (place:72450, in state:24).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.