How much do homeowners pay a month in Silver Spring, MD?

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

Homeowners with a mortgage in Silver Spring, MD pay a median of $2,845 (±$93) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $904 (±$40).

75.0% of owned homes carry a mortgage.

In Silver Spring, the median monthly cost with a mortgage went from $2,528 in 2015–2019 to $2,845 in 2020–2024 (+12.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Figures last updated on November 12, 2026.

With a mortgage: $2,845 (±$93)
Without a mortgage: $904 (±$40)
Owned with a mortgage: 75.0%

Monthly owner costs in Silver Spring

Median selected monthly owner costs, estimate (90% margin of error)
	Silver Spring	Montgomery County	Maryland	United States
With a mortgage	$2,845 (±$93)	$2,929 (±$28)	$2,347 (±$8)	$1,963
Without a mortgage	$904 (±$40)	$986 (±$14)	$753 (±$4)	$638
Owned homes with a mortgage	75.0% (±2.8 points)	70.4% (±0.7 points)	71.0% (±0.3 points)	60.6%
Median real estate taxes (a year)	$5,360 (±$160)	$5,539 (±$62)	$4,093 (±$21)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Silver Spring, the median cost with a mortgage is not measurably different from Montgomery County ($2,929).

It is also higher than in Maryland ($2,347).

It is higher than the national figure ($1,963).

In Montgomery County, Silver Spring ranks 38 of 59 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 76 of 381.

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

How owner costs 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 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
Median home value	$516,900 (±$13,563)	$643,300 (±$16,258)	+24.5%	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 monthly cost with a mortgage in places near Silver Spring

Nearest places with a published estimate, compared with Silver Spring
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Silver Spring	—	$2,845 (±$93)	—
Four Corners	1.6 mi	$2,808 (±$85)	Not measurably different
Forest Glen	1.7 mi	$2,732 (±$305)	Not measurably different
Takoma Park	1.8 mi	$3,210 (±$153)	Higher
Langley Park	2.3 mi	$2,076 (±$313)	Lower
Burnt Mills	2.5 mi	$3,106 (±$256)	Not measurably different
South Kensington	2.6 mi	$3,750 (±$179)	Higher
Kemp Mill	2.7 mi	$2,718 (±$165)	Not measurably different
North Chevy Chase	2.9 mi	$4,000 or more	—

Nearby places with a measurably lower figure: Langley Park, MD ($2,076).

Nearby places with a measurably higher figure: Takoma Park, MD ($3,210), South Kensington, MD ($3,750).

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

Median monthly cost with a mortgage across Montgomery County, place by place

Rank	Place	Median monthly cost with a mortgage
32	Rockville	$3,035 (±$124)
33	Olney	$3,028 (±$91)
34	Poolesville	$2,980 (±$456)
35	Spencerville	$2,958 (±$377)
36	Colesville	$2,891 (±$197)
37	Washington Grove	$2,868 (±$355)
38	Silver Spring	$2,845 (±$93)
39	Layhill	$2,841 (±$279)
40	Four Corners	$2,808 (±$85)
41	Gaithersburg	$2,777 (±$97)
42	Hillandale	$2,755 (±$108)
43	Redland	$2,747 (±$124)
44	Forest Glen	$2,732 (±$305)

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 mortgage payment in Silver Spring?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Silver Spring, MD is $2,845 (±$93) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Silver Spring?

Owners without a mortgage in Silver Spring pay a median of $904 (±$40) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Silver Spring gone up?

In Silver Spring, the median monthly cost with a mortgage went from $2,528 in 2015–2019 to $2,845 in 2020–2024 (+12.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

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) and detailed tables (acs/acs5) 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 B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

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.