Silver Spring, MD — income, home value, property tax, and sales tax.
ZIP code 20839, near Silver Spring, ranks among Maryland's more affluent areas. A median household income of $160,329 and per-capita income of $69,444 sit well above statewide norms, while a median home value of $950,000 reflects a high-cost housing market. Property taxes run at an effective 0.86% county rate, which on a home at that median value works out to roughly $8,170 annually. The combined sales tax rate of 6.00% applies to purchases within the area. Together, these figures describe a wealthy enclave where high earnings accompany steep housing costs and a property tax bill that, while proportionally moderate, still totals a substantial dollar amount.
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