The story of this market
The typical home in ZIP 20905 sells for about $736,281, or $240 per square foot.
Prices are up +5.3% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,410 a month.
ZIP 20905 — Silver Spring
The 20905 housing market shows resilience with a 5.3% year-over-year price increase and a median sale price of $736,281. While inventory remains tight, the market is supported by strong household incomes and high demand for suburban residential properties. Figures for months of supply and sale-to-list ratio were not explicitly published for this specific ZIP and are omitted.
This ZIP is ideal for family buyers and professionals seeking suburban space with access to high-quality schools and a reasonable commute to the D.C. metro area.
Median prices moved up 5.3% year over year.
Homes spend a median of 22 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 4.1% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 20905, Montgomery County MD
The area is served by Montgomery County Public Schools, which generally maintains a strong reputation for academic performance and college readiness within the region.
The area is subject to standard regional climate risks including severe thunderstorms and occasional heavy precipitation; property insurance remains stable but sensitive to national trends in disaster coverage.
Economic momentum is driven by proximity to the Washington D.C. employment corridor and major federal research institutions in Montgomery County, with steady residential infill development.
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 primarily commute via personal vehicle toward the Silver Spring and Washington D.C. employment hubs, with access to major corridors like US-29 and the Intercounty Connector.
The area features extensive green space including the Patuxent River State Park and various local community parks, offering trails and outdoor recreation within a short drive.
The rental market is characterized by steady demand and rising rents, with a limited supply of multi-family inventory and a focus on single-family home rentals.
The economy is anchored by the broader Montgomery County employment base, featuring a mix of federal government agencies, biotechnology firms, and professional services.
The area is primarily served by regional highway networks; public transit access is limited compared to the urban core, relying on bus connections to Metro stations.
Development is largely focused on residential infill and accessory dwelling unit construction, with no major large-scale commercial projects currently reported.
The Montgomery County Department of Finance and the State Department of Assessments and Taxation manage property valuations, typically reassessing properties on a three-year cycle.
Parcels are subject to Montgomery County Public Schools district taxes and various regional utility and flood control levies.
Property insurance premiums are influenced by regional weather patterns; homeowners are advised to maintain standard coverage with potential riders for specific storm-related damages.
Data retrieved from US Census Bureau ACS tables for ZCTA 20905.
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 protected area offering hiking, equestrian trails, and natural scenery.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 136.1% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.