Foreclosure Homes in Silver Spring, MD 20904

Current Market Conditions in Silver Spring, MD

The real estate market in Silver Spring is competitive, with home prices steadily increasing over the past year. The demand for housing is driven by the area's closeness to Washington, D.C. and its continued development, with many people seeking the balance between city amenities and suburban peace. Buyers are finding it increasingly challenging to secure homes, as inventory levels remain low.

Rent Prices In Silver Spring, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Silver Spring, MD, is on a rollercoaster ride. The average rent price in Silver Spring, MD, is $2,335.00. Indeed, when looking to rent in Silver Spring, MD, you can expect to pay as little as $1,040.00 or as much as $6,280.00, with the average rent median estimated to be $2,310.00. The good news is that finding an affordable and desirable property to rent in Silver Spring, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.