The story of this market
The typical home in ZIP 20904 sells for about $570,000, or $250 per square foot.
Prices are down 5% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,918 a month.
ZIP 20904 — Silver Spring
The 20904 housing market is currently experiencing a competitive environment with a median sale price of $570,000. While year-over-year prices have seen a slight decline, the market remains active with a low months-of-supply figure, indicating sustained demand from buyers in the Silver Spring area.
This ZIP is well-suited for family buyers and commuters seeking suburban living with access to the D.C. metro area, offering a balance of residential space and regional connectivity.
Median prices moved down 5.0% year over year.
Homes spend a median of 42 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 9.3% — a stable, low-distress profile.
Built from 397 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 20904, Montgomery County MD
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Montgomery County Public Schools, which generally maintains a strong reputation for academic performance within the region.
The area benefits from proximity to major employment hubs in Silver Spring and the broader Washington, D.C. metropolitan area, with steady demand for suburban housing.
Property taxes are assessed by Montgomery County, which utilizes a base rate plus local municipal and special district levies; homeowners may qualify for the Maryland Homestead Tax Credit to limit assessment increases.
Residents typically commute toward the Silver Spring business district or downtown Washington, D.C. via the I-495 Capital Beltway or public transit options including Metro bus and rail.
The area features access to local parks, greenbelts, and community centers, with proximity to shopping and dining districts in Silver Spring.
The rental market is characterized by steady demand and moderate vacancy pressure, with rents reflecting the area's suburban appeal and proximity to D.C. employment centers.
The economy is anchored by the professional services, government, and healthcare sectors, benefiting from the robust employment base of Montgomery County and the D.C. region.
The area is served by major highway corridors including I-495 and local transit networks that facilitate access to the Washington Metro system.
Development activity is focused on infill residential projects and the revitalization of existing commercial corridors within the Silver Spring area.
The Montgomery County Department of Finance and the State Department of Assessments and Taxation manage property valuations and tax assessments.
Parcels are subject to Montgomery County property taxes, with additional levies for school districts and local municipal services.
Property insurance premiums are influenced by regional hazard profiles and the competitive nature of the Maryland insurance market.
Data retrieved from U.S. Census Bureau and ZIP-Codes.com profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- F1 Arcade Washington, D.C.4.69.9 mi
- Urban Air Trampoline and Adventure Park4.15.9 mi
- K1 Speed Jessup4.511.8 mi
- Lake Fairfax Park4.619.4 mi
- Sky Zone Trampoline Park4.112.3 mi
- Nationals Park4.612.6 mi
- Capital One Arena4.511 mi
- Northwest Stadium411.7 mi
- Walter E. Washington Convention Center4.510.6 mi
- International Spy Museum4.412 mi
- Smithsonian National Museum of Natural History4.811.5 mi
- Lincoln Memorial4.812 mi
- Smithsonian National Zoological Park4.69.4 mi
- Smithsonian's National Air and Space Museum4.611.7 mi
- Washington Monument4.711.8 mi
- Lincoln Memorial4.812 mi
- Smithsonian National Museum of Natural History4.811.5 mi
- Smithsonian's National Air and Space Museum4.611.7 mi
- United States Capitol4.711.4 mi
- National Mall4.811.9 mi
- Lincoln Memorial4.812 mi
- National Mall4.811.9 mi
- United States Botanic Garden4.811.6 mi
- Martin Luther King, Jr. Memorial4.912.1 mi
- Brookside Gardens4.83.4 mi
- East Potomac Golf Links4.112.7 mi
- Congressional Country Club4.711.5 mi
- Puttery4.511.1 mi
- Northwest Golf Course4.35.1 mi
- Needwood Golf Course4.39.8 mi
- The Mall in Columbia4.412.8 mi
- Union Market4.510.1 mi
- Mall at Prince George's4.26 mi
- Westfield Montgomery4.49.4 mi
- Westfield Wheaton4.24.4 mi
- Dulles International Airport4.126.8 mi
- Ronald Reagan Washington National Airport4.214.5 mi
- Baltimore/Washington International Thurgood Marshall Airport4.318.6 mi
- Capital One Lounge at IAD4.326.3 mi
- The Club BWI3.918.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides extensive outdoor space and trail access for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.