Silver Spring Home Prices: $567K, Down 1.5% — 7 ZIPs Analyzed (2026)

$566,954. That’s what a typical home costs in Silver Spring, MD right now — and it’s less than what buyers paid a year ago.

Quick answer: The average home price in Silver Spring, MD is $566,954 as of February 2026, down 1.5% year over year according to Zillow.

Current Home Prices in Silver Spring

Silver Spring sits in the Washington-Arlington-Alexandria metro area, one of the most expensive housing markets in the country. Even so, prices here have been sliding.

The 1.5% annual decline translates to roughly $8,600 in lost value over the past year. That’s a shift from the appreciation trend that carried through much of 2024 and early 2025.

The gap between the cheapest and most expensive ZIP codes is $231,040. That spread tells you Silver Spring is not one market — it’s several. Where you buy matters more than when.

Prices peaked in March 2025 at $575,301. Since then, the average across ZIP codes has dropped $8,347. The decline has been steady, not dramatic. No single month saw a sharp correction. Instead, values have eroded slowly, like a tire losing air.

For buyers who sat on the sidelines during the 2024-2025 run-up, this pullback offers a modest opening. But 1.5% is not a crash. Sellers still hold the upper hand in a market where homes remain well above half a million dollars.

Silver Spring Home Prices by Neighborhood

Not all Silver Spring ZIP codes move in lockstep. The cheapest area costs 34% less than the city median, while the priciest runs 19% above it.

Most Expensive ZIP Codes

20905 leads at $672,155 — nearly $105,000 above the city median and the only ZIP without available rent data, suggesting a predominantly owner-occupied area.

20910 comes in at $641,353 with rents of $2,029/month. This area near downtown Silver Spring commands a premium tied to its walkability and Metro access.

20901 rounds out the top three at $584,676, though notably it has the lowest rents in the city at $1,737/month — a gap that may point to an older rental stock.

Most Affordable ZIP Codes

20906 is the clear budget pick at $441,115, running $125,839 below the city median. Rent here is moderate at $1,882/month.

20903 offers the second-lowest home values at $512,726 with rents of $1,780/month — a solid option for buyers watching their monthly costs.

20902 sits at $534,068 with rents of $1,948/month. It occupies a middle ground between affordability and proximity to central Silver Spring.

Rent vs Buy in Silver Spring

Renting is cheaper on a monthly basis. Buying builds equity. The math comes down to how long you plan to stay.

*Estimated monthly mortgage assuming 20% down payment and 7% interest rate. Does not include taxes, insurance, or HOA fees.

The average rent across Silver Spring’s tracked ZIP codes is about $1,910/month. A mortgage on the median-priced home runs approximately $3,020/month under the same assumptions. That’s a $1,110 gap — every single month.

ZIP code 20906 has the narrowest rent-buy gap at $466/month. If you’re set on buying and want to minimize the monthly cost difference, that’s your ZIP.

In 20910 and 20901, buying costs nearly double what renting does. For short-term residents — anyone planning to stay fewer than five years — renting looks like the better deal when you factor in closing costs and the current price decline.

Silver Spring Housing Market Trends

Here’s how prices have moved month by month over the past year.

The trend splits into two phases. From March through November 2025, prices dropped steadily — losing about $9,200 over eight months. Then the decline bottomed out. December through February saw values essentially flatten, ticking up by $866 over three months.

The ceiling has come down faster than the floor. The most expensive ZIP lost $16,894 from its March 2025 peak while the least expensive ZIP barely moved, dropping just $1,862 over the same period. Higher-end properties are absorbing most of the correction.

Is Silver Spring a Good Place to Buy in 2026?

The numbers paint a mixed picture.

On the positive side: prices have stopped falling. The three-month stabilization from December through February suggests the correction may be running out of steam. If you’ve been waiting for a bottom, this could be close.

On the negative side: you’re still paying $567K for a median home. Mortgage rates near 7% make the monthly cost punishing. And the 1.5% annual decline means you’d start underwater if you need to sell within a year or two.

Silver Spring works for buyers who plan to hold for five-plus years and can handle the monthly payment without stretching. The DC metro job market supports demand. Federal employment and the biotech corridor along I-270 give the area an economic base that most suburbs lack.

If you need flexibility, rent. If you’re putting down roots, the current dip gives you slightly better entry than 2025.

Silver Spring Housing Market Outlook for 2026-2027

The three most recent months — December 2025, January 2026, and February 2026 — show a market that has flattened after nine months of decline. Values moved less than $500 in either direction during that stretch.

If the current pace continues, expect prices to hover in the $565K-$570K range through mid-2026. The data does not support a prediction of sharp appreciation or a deeper decline.

The high end may continue to soften. The most expensive ZIP has lost value in every single month of this dataset. Until that reverses, top-tier properties carry more downside risk than entry-level homes.

Spring buying season could bring modest upward pressure. The trend table shows prices peaked in March-April 2025, suggesting seasonal demand plays a role. Watch the March and April 2026 numbers for signs of a bounce.

Similar Markets in MD

If Silver Spring’s price point doesn’t fit your budget, several other Maryland cities offer alternatives.

• Gaithersburg — Another Montgomery County suburb with similar commuter access to DC.
• Rockville — Just north of Silver Spring along the Red Line corridor.
• Columbia — A planned community in Howard County that draws buyers priced out of Montgomery County.
• Frederick — Further out on I-270, typically offering lower prices for more space.
• Baltimore — Significantly cheaper than Silver Spring, though a different lifestyle and commute.

Frequently Asked Questions

What is the average home price in Silver Spring?

The average home price in Silver Spring, MD is $566,954 as of February 2026. Prices range from $441,115 in ZIP code 20906 to $672,155 in ZIP code 20905. That’s a spread of over $231,000 depending on the neighborhood.

Are home prices going up or down in Silver Spring?

Prices are down 1.5% compared to a year ago. The peak was $575,301 in March 2025, followed by a gradual decline through November 2025. Since December, values have stabilized and are nearly flat.

Is it cheaper to rent or buy in Silver Spring?

Renting is cheaper on a monthly basis. Average rent across tracked ZIP codes runs about $1,910/month. A mortgage on the median-priced home costs roughly $3,020/month assuming 20% down and a 7% interest rate — before taxes and insurance.

What is the most affordable neighborhood in Silver Spring?

ZIP code 20906 has the lowest median home value at $441,115, which is $125,839 below the city median. Monthly rent in 20906 averages $1,882. It’s the only Silver Spring ZIP where you can buy a home under $450,000.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.