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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||8.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.8%|