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Zip Code 20906

Silver Spring, MD • Montgomery County

Real Estate Market Analysis

Q3 2025 Report
$399,250 (Mar 2025), $454,119 (2024-2025 median), $493,850 (alternate median)
Median Home Value
~70,000
Population
$78,000
Median Income
A- (Niche 2025)
School District Rating

Market Statistics

Property Values

$399,250 (Mar 2025), $454,119 (2024-2025 median), $493,850 (alternate median)
Median Home Value
$2,200 (estimate, varies by property type)
Median Rent
$250 (Mar 2025); Single Family: $33 higher than condos
Price per Sq Ft

Market Performance

Home Appreciation16.5% YoY (Mar 2025)
Market VelocityMedian days to pending: 9-12; Seller's market; inventory up 64.3% MoM (Jun 2025)
Foreclosure Rate20 properties in foreclosure, 1 bank-owned, 8 headed for auction

Area Information

Area Size~13 sq mi
CountyMontgomery
Primary CitySilver Spring

Housing Profile

Housing Statistics

Total Housing Units~30,000 (estimate)
Owner Occupied~55%
Rental Properties~45%
Vacant Units~5%
New ConstructionLimited; most stock built 1960s-2000s, some infill and condo conversions

Housing Types

Single-family homesCondosTownhomesSenior living communities (notably Leisure World)

Demographics

~70,000
Population
41
Median Age
$78,000
Median Income
~96% (unemployment ~4%)
Employment Rate
High: 45% bachelor's or higher
Education Levels
Diverse; families, retirees, young professionals, multi-generational households
Family Composition

Education Quality

School District Performance

A- (Niche 2025)
District Rating
School DistrictMontgomery County Public Schools
Test ScoresAbove state average
Graduation Rates92%+

Schools in Area

  • John F. Kennedy High School
  • Wheaton High School
  • Argyle Middle School
  • Bel Pre Elementary
  • Harmony Hills Elementary

Economic Factors

Employment & Business

Job Growth2.1% YoY (2024-2025)
Unemployment Rate~4%
Business EnvironmentStrong; mix of healthcare, retail, education, government
Commercial ActivityActive retail corridors, medical offices, small business presence

Major Employers

  • Montgomery County Government
  • Holy Cross Hospital
  • Adventist Healthcare
  • Leisure World
  • Federal agencies (nearby)

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • Glenmont Metro (Red Line)
  • • Ride On bus routes
  • • Georgia Ave (MD-97)
  • • ICC/MD-200 access

Utilities & Services

  • • WSSC Water/Sewer
  • • Pepco Electric
  • • Washington Gas

Quality of Life

Safety & Environment

Moderate; lower violent crime, some property crime (comparable to county average)

Good; ample green space, moderate traffic pollution

Healthcare Access

  • • Holy Cross Hospital
  • • Adventist Healthcare
  • • Numerous clinics

Development Trends

Planned Developments

  • Leisure World expansions
  • Mixed-use redevelopment near Glenmont Metro

Infrastructure Projects

  • • Roadway improvements on Georgia Ave
  • • Sidewalk/bike lane expansions

Investment Outlook

Growth Outlook

Stable to moderate growth; focus on infill and transit-oriented development

Investment Opportunities

  • • Senior housing
  • • Value-add multifamily
  • • Transit-proximate condos

Marketing Intelligence

Target Demographics

  • Retirees/seniors
  • First-time buyers
  • Young families
  • Investors

Competitive Advantages

  • Diverse housing stock
  • Transit access
  • Strong schools
  • Established community

Pricing Strategies

Competitive pricing with room for escalation in multiple-offer situations

Common Objections & Response Strategies

Objection: Older housing stock

Response Strategy:

Highlight recent renovations, solid construction, and value compared to new builds

Objection: Traffic congestion

Response Strategy:

Emphasize Metro access, walkability, and ongoing road improvements

Objection: Property taxes

Response Strategy:

Showcase high-performing schools, services, and stable home appreciation

Objection: Competition from new developments elsewhere

Response Strategy:

Stress established community, mature landscaping, and proven market stability

Professional Recommendations

1

Target marketing to seniors and first-time buyers

2

Leverage virtual tours and social media

3

Network with local employers and healthcare providers

4

Stay updated on zoning and development changes

5

Highlight transit and school quality in all listings

Competitive Analysis

Comparable Markets

  • 20902 (Wheaton)
  • 20904 (White Oak)
  • 20910 (Downtown Silver Spring)

Market Positioning

Affordable, transit-connected, multi-generational community

Competitive Advantages

  • Lower price per sqft than 20910
  • More senior living options than 20902/20904
  • Better transit access than 20904

Price Comparison

Median prices 10-20% lower than downtown Silver Spring (20910), similar to 20902

Investment Metrics

4.5-5.5% (multifamily)
Cap Rates
5-6% gross
Rental Yields
~16-18
Price-to-Rent
Moderate; best for value-add or long-term rental
Cash Flow
4-6% annual (2025-2027)
Appreciation

Buyer Journey Insights

First-Time Buyers

Strong entry-level options; highlight down payment programs and transit

Move-Up Buyers

Larger homes, good schools, stable appreciation

Downsizers

Condos and senior communities (Leisure World) with amenities

Investors

Steady rental demand, value-add multifamily, low vacancy

Relocators

Diverse housing, transit, proximity to DC

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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