Most Expensive Silver Spring Neighborhoods
|1||South Woodside Park /...|
|2||Rock Creek Forest / F...|
|4||Burtonsville / Spence...|
|5||North Takoma Park|
|6||Colesville Manor / Sh...|
|7||Woodmoor / Indian Spr...|
|8||Woodside / Montgomery...|
|9||Silver Spring Park / ...|
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 72,777 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 86.09% 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 (11.88%), office and administrative support (10.03%) and teaching (7.60%).
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.
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.
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.
One downside of living in Silver Spring, however, is that residents on average have to contend with a long commute, spending on average 34.98 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Like elsewhere in America, most people in Silver Spring use a private automobile to get to work. But notably, a substantial number of Silver Spring‘s citizens do make use of public transit in their daily commute, primarily riding the subway. This helps more people get to work with less air pollution, and require fewer highways to get them there.
If knowledge is power, Silver Spring is a pretty powerful place. 52.47% of the adults in Silver Spring have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Silver Spring in 2010 was $37,855, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $151,420 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, German, English, Italian, Ethiopian and African.
In addition, Silver Spring has a lot of people living here who were born outside of the US (36.25%).
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||33.64%|
|ROWHOUSES AND ATTACHED HOMES||5.43%|
|SMALL APARTMENT BUILDINGS||4.85%|
|COMPLEXES OR HIGH RISE APARTMENTS||56.04%|
|SIZE OF SILVER SPRING HOMES|
|5 OR MORE BEDROOMS||4.56%|
|AGE OF SILVER SPRING HOMES|
|NEWER HOMES (2000 OR LATER)||6.42%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||20.43%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||60.84%|
|HISTORIC (1939 OR BEFORE)||12.31%|
|SILVER SPRING REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$444,927|
|MEDIAN RENTAL PRICE||$1,331|
|HOME VALUE RANGE|
|$0 - $50,000||0.79%|
|$50,001 - $101,000||0.56%|
|$101,001 - $201,000||3.97%|
|$201,001 - $302,000||12.72%|
|$302,001 - $403,000||18.10%|
|$403,001 - $503,000||24.10%|
|$503,001 - $755,000||32.89%|
|$755,001 - $1,007,000||5.33%|
|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||83.21%|
|MEDIAN HOUSEHOLD INCOME||$71,986|
|PER CAPITA INCOME||$37,855|
|INDIVIDUALS BELOW POVERTY LEVEL||10.98%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (13.76%)
Public Service (11.04%)
Information Technology (4.24%)
Real estate (2.20%)
|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 (4.82%)
|LANGUAGES SPOKEN||English (56.77%)
African languages (5.57%)
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