Silver Spring, MD — income, home value, property tax, and sales tax.
Households in ZIP code 20838 report a median income of $250,001, placing the area near Silver Spring among the highest-earning communities in the region. Per-capita income reaches $80,514. With a median home value of $775,700 and a county property tax rate of 0.86%, annual property taxes run about $6,671. A 6.00% combined sales tax applies to purchases. Even with these costs, the earnings base here leaves substantial room after taxes for savings, travel, or investment, and housing expenses consume a smaller share of income than in many neighboring areas.
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