ZIP Code 20707

ZIP code 20707, centered on Silver Spring, sits firmly in affluent territory. A median household income of $107,706 and per-capita income of $51,579 place it well above national norms, while the median home value of $423,400 reflects a market where property carries real weight. That value meets a county-level effective property tax rate of 1.12%, so owners here pay a meaningful share each year. Add Maryland's 6.00% combined sales tax on purchases, and the overall tax picture leans heavier than in many parts of the country — a trade-off that comes with living in a higher-cost, higher-earning community.