Most Expensive Silver Spring Neighborhoods
|1||South Woodside Park / Woodside Forest|
|2||Rock Creek Forest / Forest Glen Park|
|3||Burtonsville / Spencerville|
|5||North Takoma Park|
|6||Woodside / Montgomery Hills|
|7||Colesville Manor / Sherwood Forest|
|8||Woodmoor / Indian Spring Village|
|9||Silver Spring Park / Sligo Park Hills|
Real estate in popular Silver Spring neighborhoods
Popular real estate near Silver Spring, MD
About Silver Spring
Silver Spring is a larger medium-sized town located in the state of Maryland. With a population of 71,452 people and 59 constituent neighborhoods, Silver Spring is the fourth largest community in Maryland.
Silver Spring home prices are not only among the most expensive in Maryland, but Silver Spring real estate also consistently ranks among the most expensive in America.
Silver Spring is a decidedly white-collar town, with fully 87.17% of the workforce employed in white-collar jobs, well above the national average. Overall, Silver Spring is a town of professionals, managers and service providers. There are especially a lot of people living in Silver Spring who work in management occupations (12.63%), office and administrative support (9.57%) and teaching (7.65%).
Also of interest is that Silver Spring has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Silver Spring is also a town of artists. Silver Spring has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Silver Spring’s character.
One thing that you will notice about Silver Spring is that there is a good-sized population of people who are young, single, educated, and upwardly-mobile career starters. Many singles consider Silver Spring a good place to live without being in a really big city, with opportunities for friendships and fun with others like themselves.
In Silver Spring, however, the average commute to work is quite long. On average, people spend 34.85 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Although the majority of commuting trips in the town are by private automobile, Silver Spring is somewhat unusual for a town of its size for having a substantial number of people who use public transportation. For a lot of people, the subway helps to get to and from their jobs every morning, which benefits everyone in the Silver Spring area by reducing both traffic and air pollution.
Do you like to read, write and learn? If you move to Silver Spring, you'll likely find that many of your neighbors like to as well. Silver Spring is one of the more educated communities in America, with a full 52.81% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Silver Spring in 2010 was $38,471, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $153,884 for a family of four. However, Silver Spring contains both very wealthy and poor people as well.
Silver Spring is an extremely ethnically-diverse town. The people who call Silver Spring home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Silver Spring residents report their race to be White, followed by Black or African-American. Silver Spring also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 26.25% of the town’s residents. Important ancestries of people in Silver Spring include Irish, English, German, Ethiopian, African and Italian.
Foreign born people are also an important part of Silver Spring's cultural character, accounting for 37.40% of the town’s population.
The languages spoken by people in Silver Spring are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Silver Spring is English. Other important languages spoken here include Spanish, African languages and French.
|SILVER SPRING INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||28,603|
|SILVER SPRING HOME OWNERSHIP|
|% OWNER OCCUPIED||40.72%|
|% RENTER OCCUPIED||59.28%|
|TYPE OF SILVER SPRING HOMES|
|SINGLE FAMILY DETACHED||33.48%|
|ROWHOUSES AND ATTACHED HOMES||5.18%|
|SMALL APARTMENT BUILDINGS||4.42%|
|COMPLEXES OR HIGH RISE APARTMENTS||56.91%|
|SIZE OF SILVER SPRING HOMES|
|5 OR MORE BEDROOMS||4.29%|
|AGE OF SILVER SPRING HOMES|
|NEWER HOMES (2000 OR LATER)||7.71%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||21.81%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||58.52%|
|HISTORIC (1939 OR BEFORE)||11.97%|
|SILVER SPRING REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$458,997|
|MEDIAN RENTAL PRICE||$1,437|
|HOME VALUE RANGE|
|$0 - $51,000||0.92%|
|$51,001 - $101,000||0.81%|
|$101,001 - $202,000||4.55%|
|$202,001 - $303,000||14.26%|
|$303,001 - $404,000||16.63%|
|$404,001 - $506,000||23.80%|
|$506,001 - $758,000||31.43%|
|$758,001 - $1,011,000||6.43%|
|PEOPLE OF SILVER SPRING||DETAILS|
|UNDER 5 YEARS||7.52%|
|5 TO 17||13.88%|
|18 TO 24||9.35%|
|25 TO 34||21.32%|
|35 TO 54||28.78%|
|55 TO 64||10.84%|
|65 YEARS AND OVER||8.30%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||83.71%|
|MEDIAN HOUSEHOLD INCOME||$72,954|
|PER CAPITA INCOME||$38,471|
|INDIVIDUALS BELOW POVERTY LEVEL||11.07%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (13.57%)
Public Service (11.31%)
Information Technology (4.39%)
Real estate (2.17%)
|BLACK OR AFRICAN AMERICAN||27.82%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.58%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.07%|
|SOME OTHER RACE ALONE||13.16%|
|TWO OR MORE RACES||4.76%|
|HISPANIC OR LATINO (OF ANY RACE)||26.25%|
|ETHNICITIES PRESENT||Irish (4.37%)
|LANGUAGES SPOKEN||English (55.19%)
African languages (6.19%)
French Creole (1.32%)
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