Real Estate Investing in Silver Spring, Maryland (20902)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 20902 (Silver Spring, MD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
What’s happening in Silver Spring, MD (20902)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 20902 Silver Spring
The 20902 ZIP covers a section of Silver Spring that demands careful diligence. Prices near $544K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $544K purchase price, 0.0% nominal cap — the work to hit that pro forma in 20902 is substantial and deserves full respect.
Statewide comparisons place 20902 among MD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 20902 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Silver Spring's stable or hybrid ZIPs before stepping into 20902. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Silver Spring:
Property Strategy for 20902
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $174,034 | $2,140 | 8.9% | +1.7% | $174,034 |
| 2BR | $322,206 | $2,390 | 5.3% | +3.6% | $161,103 |
| 3BR | $535,904 | $3,020 | 4.1% | +4.0% | $178,635 |
| 4BR | $609,037 | $3,550 | 4.2% | +4.0% | $152,259 |
| 5BR | $668,007 | — | — | +4.1% | $133,601 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 20902 Compare?
| Metric | 20902 | Silver Spring | Maryland |
|---|---|---|---|
| Home Value | $543,619 | $576,344 | $424,997 |
| 5-Year CAGR | 1.8% | 1.8% | 4.9% |
| Avg Rent | $2,108 | $1,991 | - |
| Cap Rate | 3.0% | 2.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 20902 (Silver Spring, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 20902 (Silver Spring, MD)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Montgomery County
Manage rentals here? List your business →American Community Management provides community association management and HOA services across Maryland, Virginia, and D.C. summary from their website
Iko Community Management provides HOA and community association management services in Columbia, MD and Suburban Maryland. summary from their website
Melan Property Management delivers proactive property management solutions for multifamily and commercial real estate across Maryland, Washington D.C., and Miami. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $543,619 |
| Monthly Rent | $2,108 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | -3.1% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 20902
Population: 53,170
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 20902
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,631 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Silver Spring, MD?
Expect median prices around $544K in Silver Spring, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is it easy to find good tenants in Silver Spring, MD?
Silver Spring, MD offers a stable renter base at the $2,108/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are landlord laws favorable in Silver Spring, MD?
For rental operators, Silver Spring, MD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Silver Spring, MD a good market for FHA house hackers?
House hacking in Silver Spring, MD is a challenging. With home values around $544K and rents at $2,108/mo, owner-occupants can offset a meaningful share of PITI.
Is Silver Spring in MD worth investing in?
Silver Spring, MD scores 2.0/5 for investability. Home values sit at $544K and rents near $2,108/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 20902 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 20902 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 20902 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 20902 (Silver Spring)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 20902 (Silver Spring, MD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.