Market Overview
Home Prices in Silver Spring, MD
The median home value in Silver Spring, MD is $556,503 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silver Spring are priced36% above average. Silver Spring is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Silver Spring home values have risen by approximately8.1%, reflecting steady appreciation in this market.
Price History
Silver Spring Home Price Trend
City Comparison
Silver Spring vs. National Median
At $556,503, homes in Silver Spring cost 36% above the national median of $410,000. Buyers in Silver Spring should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Silver Spring?
20% Down Payment
$111,301
on $556,503
Monthly P&I
$2,902/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,686/mo
incl. taxes & insurance
Income Needed
$147,440
gross annual (30% rule)
10% Down Option
$55,650
+ PMI applies
Loan Amount (20% dn)
$445,202
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Silver Spring, MD?
The median home value in Silver Spring is $556,503 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Silver Spring?
Over the past year, home values in Silver Spring have decreased by 1.1%. Over five years, prices have risen approximately 8.1%.
How much do I need to earn to buy a home in Silver Spring?
To comfortably afford the median home price of $556,503 with a 20% down payment ($111,301) at today's rates (6.8%), you'd need a gross annual income of approximately $147,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Silver Spring compare to the national average home price?
The national median home value is approximately $410,000. At $556,503, homes in Silver Spring are 36% above the national average.
What metro area is Silver Spring part of?
Silver Spring is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.