Homes For Sale In Silver Spring, MD
Silver Spring, Maryland, is fast becoming one of the most desirable locations in the capitol region. If you are looking for homes for sale in Silver Spring, we have some information that may assist you in your search.
Silver Spring has experienced a transformation in recent yeas and is very attractive to businesses and residents alike. Silver Spring has always been considered a major business hub, but commercial and residential development has increased as more and more people realize all the great things the city has to offer.
It is just a short distance, approximately 20 minutes, from Washington, D.C., making a great location for those commuting.
Things to do in Silver Spring
As you look for homes for sale in Silver Spring, you will easily recognize the charm of this peaceful D.C suburb. It is close enough to the urban environment to make easy access to the amenities desired in the city, but just far enough of the beaten path to give a welcome reprieve from the usually hustle and bustle.
Even though it is near the national monuments, Silver Spring has a fair amount of its own historical and entertainment options.
Some local attractions are:
Baltimore & Ohio Railroad Station
GREAT PLACE TO RAISE A FAMILY
Homes for sale in Silver Spring offer the best of both urban and suburban living with neighborhoods lined with mature trees and dotted with playgrounds and parks – all while being close to the heart of city living. Public safety is important when looking for homes for sale, as no one wants to relocate and live under threat of becoming a crime victim. The overall crime rate in Silver Spring is 26% lower than the national average, making the city safer than 37% of the cities in the United States.
Students in Silver Spring are educated by the Montgomery County school system, which is the 14th largest school system in the United States. The school’s system is highly rated and educates more than 160,000 students in grades Pre-K through 12. The student to teacher ration is 16 to 1 and over half of all students are proficient in reading and math.
Academic excellence is extremely important to the elected officials and the community in Montgomery county as half of the county’s annual budget is spent on education.
Real estate market
The real estate market in Silver Spring is strong and is very attractive to those looking for homes for sale in Silver Spring. In the past year, home values have increased 5.6% and is expected to increase another 3% in 2019, which is on par with the national average.
Currently, the median listing price for homes for sale in Silver Spring is $425,000 and the median selling price is $420,000. There are currently 639 homes for sale in Silver Spring with an average day on market at 69.
For investors looking to purchase income property, the rental market remains strong as well. Average monthly rents range between $860-$20,000 per month and there are 234 rentals in the city.
The Red Line metro can be picked up at the Silver Spring station at Coleville Road and East/West Highway or at the Forest Glen station at Georgia Avenue and Forest Glen Road. Silver Spring is also serviced by a MARC Train station, which is located next to the metro station. Ride-On buses service the major and secondary roads in the neighborhoods. I-495 is in the northern part of the community.
Ronald Reagan National Airport: < 15 miles.
Washington Dulles International Airport: < 35 miles.
Baltimore Washington International Airport: < 35 miles.
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