Silver Spring, MD has a population of 79,483, while the median age is 35. The household income in Silver Spring, MD is around $76,608. The homeownership rate among the residents is 36%. The median residential property value in Silver Spring, MD that you should keep in mind is $477,800.
Population | 79,483 |
Median Age | 34.6 |
Poverty Rate | 11% |
Household Income | $76,608 |
Number Of Employees | 45,569 |
Median Property Value | $477,800 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,407 | -7.4% |
1-bed apartments | $2,038 | -11% |
2-bed apartments | $2,349 | -30.3% |
3-bed apartments | $4,464 | -26.4% |
4+ bed apartments | $3,963 | -62.6% |
Over the May 2023, the average rent for an apartment in/near Silver Spring, MD decreased by 41.1% to $2,364.
Compared to the last month, the average price for a rental studio in Silver Spring, MD has decreased by 7.4%. You can expect to rent the studio for $1,407 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 11% to $2,038. Pricing for 2-bed apartment also decreased by 30.3% and a place of this size will now cost you $2,349. 3-bed apartment rent pricing starts at $4,464, it decreased by 26.4% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 62.6% and made it down to $3,963.
Rent Type Price |
May | vs Last Month |
---|---|---|
Rooms for rent | $1,100 | +4.8% |
Houses for rent | $3,580 | -48.2% |
Condos for rent | $2,458 | -42% |
Apartments for rent | $2,084 | -12.8% |
Duplexes for rent | $2,475 | N/A |
Townhouses for rent | $2,500 | N/A |
The median rent for an apartment in Silver Spring, MD decreased by 12.8% to $2,084. Statistics show that house rent price decreased by 48.2% this month making it up to $3,580. Condos faced an upward trend these days. The median rent for a condo decreased by 42%, it’s now available for $2,458. An average duplex is now available for $2,475, cause median rent for a duplex remains the same this month. An average room will now go for $1,100, the median rent price for a room increased by 4.8%. Townhouse rent pricing didn’t change, the price still starts at $2,500.