Why Live in Downtown Silver Spring
Downtown Silver Spring is a vibrant neighborhood known for its nightlife, shopping, and dining, all within commuting distance of Washington, D.C. The area is pedestrian-friendly, with residents enjoying easy walks to the metro, Whole Foods, and numerous restaurants. The neighborhood's history dates back to 1840, with significant growth in the early 20th century due to the Washington trolley service. Public art projects and street musicians enhance the lively atmosphere, with notable installations like the Blumen Lumen at Georgia Ave and Colesville Road. Acorn Park and the Arts Alley offer unique outdoor spaces, while the Brigadier General Charles E. McGee Library provides community programs. Entertainment options include The Fillmore Silver Spring for live music and the AFI Silver Theatre and Cultural Center for film festivals. The Regal Majestic movie theater and the Silver Spring Outdoor Ice Skating Rink at Veterans Plaza are popular attractions. Festivals like the Spring Maker’s Market and Chalk Fest, along with a year-round farmer’s market, add to the list of things to do. Trendy condos with modern amenities and Art Deco or midcentury details are common, with new developments transforming the landscape. The neighborhood is served by highly rated schools, including Sligo Creek Elementary, Silver Spring International Middle School, and Montgomery Blair High School. Local parks like Woodside Urban Park and Ellsworth Urban Park provide green spaces, while the Silver Spring Aquatic Center offers fitness facilities. The area is safer than the national average, making it a desirable place to live.
Frequently Asked Questions
Is Downtown Silver Spring a good place to live?
Downtown Silver Spring is a good place to live. Downtown Silver Spring is considered very walkable and very bikeable with great transit options. Downtown Silver Spring has 6 parks for recreational activities. It is very dense in population with 49.6 people per acre and a median age of 36. The average household income is $103,619 which is below the national average. College graduates make up 76.5% of residents. A majority of residents in Downtown Silver Spring are renters, with 91.9% of residents renting and 8.1% of residents owning their home. A
local real estate agent serving Downtown Silver Spring can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Silver Spring neighborhood guide.
Is Downtown Silver Spring, MD a safe neighborhood?
Downtown Silver Spring, MD is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Downtown Silver Spring?
The median home price in Downtown Silver Spring is $345,000. If you put a 20% down payment of $69,000 and had a 30-year fixed mortgage with an interest rate of 6.16%, your estimated principal and interest payment would be $1,680 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $72K a year to afford the median home price in Downtown Silver Spring. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Downtown Silver Spring is $104K.
What are the best public schools in Downtown Silver Spring?
The best public schools that serve Downtown Silver Spring are:
What are the best private schools in Downtown Silver Spring?
The best private schools that serve Downtown Silver Spring are:
What are the most popular zip codes in Downtown Silver Spring, Silver Spring, MD?
What are the most popular neighborhoods near Downtown Silver Spring, Silver Spring, MD?
Home Trends in Downtown Silver Spring, MD
On average, homes in Downtown Silver Spring, Silver Spring sell after 56 days on the market compared to the national average of 53 days. The median sale price for homes in Downtown Silver Spring, Silver Spring over the last 12 months is $347,450, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$347,450
Median Single Family Sale Price
$382,500
Median Townhouse Sale Price
$868,750
Median 2 Bedroom Sale Price
$399,900
Median 1 Bedroom Sale Price
$297,000
Average Price Per Sq Ft
$404
Number of Homes for Sale
17
Last 12 months Home Sales
50
Median List Price
$345,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%