The story of this market
The typical home in ZIP 20903 sells for about $474,986, or $436 per square foot.
Prices are down 11.2% from a year ago, which gives buyers more room to negotiate. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 20903 — Silver Spring
The 20903 housing market is currently experiencing a cooling phase with a year-over-year price decline of 11.2%, reflecting broader regional adjustments. Inventory remains tight at 18 active listings, and the market is currently favoring buyers. The area continues to be a renter-heavy, family-centric community with strong ties to the local government and biotech employment sectors.
This ZIP is well-suited for commuters and families seeking relatively more affordable housing options within the high-cost Montgomery County market, as well as investors targeting the area's high renter population.
Median prices moved down 11.2% year over year.
Homes spend a median of 30 days on market with 1.2 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 11.2% — a stable, low-distress profile.
Built from 100 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.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 20903, Montgomery County MD
Crime trends in the Silver Spring area are generally consistent with regional urban-suburban patterns, with property crime being the primary concern compared to violent crime.
Schools serving the 20903 area are part of the Montgomery County Public Schools system, which is widely recognized for its diverse student body and robust academic programming.
The area faces standard regional risks including localized flooding in low-lying areas and wind-related damage during severe storms, with typical insurance requirements for the Mid-Atlantic.
The area benefits from proximity to major employment hubs in Silver Spring and the broader Washington, D.C. metro area, with ongoing transit-oriented development and infrastructure improvements.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maryland) — Maryland Real Property Assessment and Taxation: Property is assessed at its phased-in use value. The tax is calculated by multiplying the assessed value by the applicable state and local tax rates.
Residents have access to major corridors including US-29 and I-495, with transit options provided by WMATA bus routes connecting to the Silver Spring Metro station.
The area features proximity to local parks such as White Oak Park and various community trails, with shopping and dining concentrated along the New Hampshire Avenue and Colesville Road corridors.
The rental market is characterized by a high renter share, with strong demand for multi-family units and townhomes, though rent growth has stabilized recently.
The economy is anchored by the nearby FDA White Oak campus and various federal agencies, alongside a robust service and retail sector.
The area is served by an extensive network of bus lines and is positioned near the I-495 Capital Beltway, facilitating regional connectivity.
Ongoing redevelopment efforts focus on increasing density and improving pedestrian infrastructure along the US-29 corridor.
The Montgomery County Department of Finance assesses properties annually based on market value, with a triennial reassessment cycle.
Parcels are subject to Montgomery County property taxes, with potential additional levies for local fire and rescue services and school district funding.
Property insurance premiums are influenced by regional weather patterns and the age of housing stock, with standard coverage typically available.
Data retrieved from US Census Bureau ACS 5-year tables.
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. Source: NCES EDGE public school locations 2023-24.
Large community park with sports fields and trails.
Scenic natural area along the Northwest Branch.
Primary retail hub serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.