Most Expensive Silver Spring Neighborhoods
|1||South Woodside Park / Woodside Forest|
|2||Rock Creek Forest / Forest Glen Park|
|3||Woodside / Montgomery Hills|
|4||Burtonsville / Spencerville|
|5||North Takoma Park|
|7||Woodmoor / Indian Spring Village|
|8||Colesville Manor / Sherwood Forest|
|9||Silver Spring Park / Sligo Park Hills|
|10||Hermitage Park / Layhill Village|
Silver Spring is a larger medium-sized town located in the state of Maryland. With a population of 75,398 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 86.63% 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 (11.44%), office and administrative support (9.50%) and teaching (7.92%).
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 noticeable about Silver Spring, although not a huge town, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Silver Spring is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Silver Spring a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.
In Silver Spring, however, the average commute to work is quite long. On average, people spend 34.71 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.
For the size of the town, public transportation in Silver Spring is quite heavily used. Mostly, people who use it for their daily commute are taking the subway. For Silver Spring, the benefits are reduced air pollution and congestion on the highways.
If knowledge is power, Silver Spring is a pretty powerful place. 53.37% 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 $38,926, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $155,704 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 27.75% of the town’s residents. Important ancestries of people in Silver Spring include German, Irish, English, Ethiopian, Italian and African.
In addition, Silver Spring has a lot of people living here who were born outside of the US (37.31%).
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, French and Vietnamese.
|SILVER SPRING INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||30,290|
|SILVER SPRING HOME OWNERSHIP|
|% OWNER OCCUPIED||37.83%|
|% RENTER OCCUPIED||62.17%|
|TYPE OF SILVER SPRING HOMES|
|SINGLE FAMILY DETACHED||31.42%|
|ROWHOUSES AND ATTACHED HOMES||5.15%|
|SMALL APARTMENT BUILDINGS||4.63%|
|COMPLEXES OR HIGH RISE APARTMENTS||58.64%|
|SIZE OF SILVER SPRING HOMES|
|5 OR MORE BEDROOMS||3.88%|
|AGE OF SILVER SPRING HOMES|
|NEWER HOMES (2000 OR LATER)||10.90%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||21.34%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||55.74%|
|HISTORIC (1939 OR BEFORE)||12.03%|
|SILVER SPRING REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$486,597|
|MEDIAN RENTAL PRICE||$1,565|
|HOME VALUE RANGE|
|$0 - $55,000||2.04%|
|$55,001 - $109,000||0.75%|
|$109,001 - $218,000||6.09%|
|$218,001 - $327,000||15.91%|
|$327,001 - $436,000||16.29%|
|$436,001 - $545,000||18.67%|
|$545,001 - $818,000||32.29%|
|$818,001 - $1,090,000||6.42%|
|PEOPLE OF SILVER SPRING||DETAILS|
|UNDER 5 YEARS||7.81%|
|5 TO 17||14.01%|
|18 TO 24||8.49%|
|25 TO 34||21.33%|
|35 TO 54||29.00%|
|55 TO 64||10.89%|
|65 YEARS AND OVER||8.48%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||84.67%|
|MEDIAN HOUSEHOLD INCOME||$72,289|
|PER CAPITA INCOME||$38,926|
|INDIVIDUALS BELOW POVERTY LEVEL||11.79%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (13.47%)
Public Service (12.05%)
Information Technology (3.65%)
Real estate (2.07%)
|BLACK OR AFRICAN AMERICAN||26.33%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.45%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.05%|
|SOME OTHER RACE ALONE||17.40%|
|TWO OR MORE RACES||3.78%|
|HISPANIC OR LATINO (OF ANY RACE)||27.75%|
|ETHNICITIES PRESENT||German (7.64%)
|LANGUAGES SPOKEN||English (54.13%)
African languages (7.12%)
French Creole (1.01%)
Get matched with a pre-screened, customer-rated real estate agent and receive up to $2,000 or more when you buy or sell.
Get the Ultimate Agent…
We screen Real Estate Professionals according to rigorous sales and service benchmarks, and we constantly survey our customers to make sure that Brokers in our elite network are meeting your highest standards. We guarantee it.†
…Plus a Cash Award
How much cash could I get?
Select an option below. You'll hear from us within 1 business hour.
Copyright © 2000-2016 Location Inc®. All the trademarks displayed on this page are the property of Location, Inc®. The NeighborhoodScout® search engine is covered under US Patents No. 7,043,501 and 7,680,859. Our nationally-comparable school ratings are covered under US Patent No. 8,376,755. Other US patent applications are currently pending.