Welcome to our 20902 real estate data hub, tailored for investors in Silver Spring, MD. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 20902 in Silver Spring, MD. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MONTGOMERY COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Silver Spring, MD real estate investing. Uncover the wealth of information available, and position yourself for success in the Silver Spring property market.
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Location Overview
- Zip Code: 20902
- City: Silver Spring
- State: MD
- Metro Area: Washington-Arlington-Alexandria, DC-VA-MD-WV
- County Name: MONTGOMERY COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $505,791
- Average Home Price (Single Family Homes): $520,779
- Average Monthly Rental Price (All Types): $1,889
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: -0.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,940
- Average 3 Bedroom Section 8 Rental Rates: $2,430
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.73
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.35
- Number of Units Offered in Section 8 in the County: 3240
- Number of Occupied Units in Section 8 in the County: 3049
- Percentage of Section 8 Units Occupied in the County: 94.09999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 208.63
- Total % Appreciation since 2000 (Government Data): 179.14
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.63%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.15%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 16.47%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.3%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 57.69%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.66%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 98.94%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.21%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.27%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.5%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 18.06%