Located in Montgomery County, Maryland, Silver Spring is home to nearly 77,000 residents. Though it’s technically a suburb, it offers plenty of urban amenities as well as a very reasonable commute into Washington, D.C. Silver Spring’s vibrant downtown area was recently revitalized and boasts an incredible array of world-class shopping, unique dining and non-stop entertainment. Popular festivals and events in Silver Spring include the Silverdocs Film Festival and the Silver Spring Jazz Festival. The Gazette, a weekly community newspaper, covers events in Silver Spring. The community has seen phenomenal growth over the last decade and has a lot to offer anyone considering relocation to the DC area. Like much of the DC metropolitan area, the housing market is robust, with a wide variety of home styles to accommodate a range of price points.
Many residents choose to buy a home in Silver Spring because in addition to its great amenities, it offers convenient proximity to the city. There are access points to the Beltway at Georgia Avenue, Colesville Road and New Hampshire Avenue, as well as five points of access to the Intercounty Connector, or ICC. The commute from Silver Spring to Dupont Circle in DC is just six miles, about 23 minutes by car in average traffic. There’s a station for the red line of the Metro at 8400 Colesville Road, and it’s about a 20-minute ride from the Silver Spring Station to Union Station. Other convenient mass transit services include the MARC Train, MetroBus, RideOn, and VanGo in addition to Greyhound and taxi routes.
The Montgomery County School District offers excellent public education. A total of five Montgomery County schools made Newsweek’s annual list of the nation’s best high schools in 2015. Nearly all of its elementary, middle and high schools receive a nine or 10 out of a possible 10 rating by the respected school-ranking website GreatSchools. A total of 52 public schools serve Silver Spring, including:
Montgomery Blair is recognized for its Communication Arts department and a STEM magnet program. Several private schools are in the area, including the Siena School; the Nora School, a college prep school; Barrie, a Montessori School; and two Jewish day schools, the Yeshiva and the Torah School. The Montgomery County Community College serves Silver Spring, and both the National Labor College and Howard University have campuses in the town. More than half of all residents hold a bachelor’s degree and nearly one-third have a master’s degree.
For those seeking green spaces, Silver Spring and Montgomery County offer a surprising amount of outdoor recreation for an urban setting. In Silver Spring, Sligo Creek Park on the Anacostia Creek Trail System is popular with locals, offering several miles of paved trails ideal for a morning jog. Woodside Urban Park is a two-acre space perfect for walking the dog or relaxing on a lunch break. Rock Creek Park and Trail is popular with bikers. Those seeking a more challenging hiking experience won’t want to miss the Carderock Recreation Area in nearby Potomac.
Golfers in the Silver Spring area are in luck. Montgomery County Golf has a total of nine courses throughout the area. Within Silver Spring, the Sligo Creek Golf Course offers nine holes with a par of 34. The Argyle Country Club features 18 holes with a par of 71; Leisure World Golf Club is a par 66; Northwest is a municipal par 72; and Hampshire Greens is a par 72.
Among the best neighborhoods in Silver Spring in terms of amenities and access to DC are Blair, populated with charming historic bungalows; Woodside Park, noted for its early- to mid-20th century architecture; South 4 Corners, popular with young families and located near the Woodmoor Shopping Center; South Woodside, a short walk to the Metro station; and Woodmoor, which offers a classic suburban feel.
Zip codes serving Silver Spring include:
Housing is plentiful in Silver Spring and the surrounding Montgomery County area. The town has a 60 percent rental housing rate, which is nearly twice the national average, but this is not uncommon in the DC area due to the high number of military personnel and contractors who aren’t seeking permanent housing. The median monthly rent is around $2,000. For those planning to stay in the area for the foreseeable future, now is a great time to buy a home or condo in Silver Spring. The median home price is about $376,000, with single family homes at a median price of $435,000 and condos or townhomes at a median of $259,000. Home sales are up by about 13 percent in a year-over-year comparison, while the median sale price has increased marginally in that time frame. Active inventory is down from last year, so buyers need to move quickly to close on homes, especially in the most desirable neighborhoods. Homes spend an average of just over one month on the market, although in some areas, they’re gone within a few days.
If you’re interested in buying a home or condo in Silver Spring, Maryland, contact the elite Tania Ivey Home Selling Team. Tania Ivey and Marc Cormier are accomplished veterans of the Virginia-DC-Maryland real estate market, and they are dedicated to helping their clients find the best home values in Silver Spring, Maryland. They even have a best-selling book under their belts, Cracking the Real Estate Code: The Nations Leading Expert Advisors Reveal Their Proven Repeatable Systems to Help You Get the Best Deal on Either Side of Any Real Estate Transaction. The Tania Ivey Home Selling Team features a comprehensive website to help you start on your home-buying journey, and it’s easy to contact them online or by calling (703) 661-9410. Tania Ivey and Marc Cormier can get you into the home or condo of your dreams in any of Silver Spring’s fantastic neighborhoods.