Silver Spring, MD Real Estate
According to census data in the year 2000 there were 31,213 housing units in Silver Spring.
This represents a 6.8% decline from 33,494 in 1990.
Of those housing units, 31,213 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Silver Spring is about 43.6%.
Silver Spring's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Silver Spring were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.50% |
| One Bedroom | 25.60% |
| Two Bedrooms | 25.60% |
| Three Bedrooms | 26.80% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $187,300 |
| Median Price asked for vacant units | $183,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $772 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 60.90% |
| Debt Free | 21.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
