Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20853, near Silver Spring, homes carry a median value of $631,900, and the county-level effective property tax rate of 0.86% translates to roughly $5,434 in annual taxes on such a home. Households here earn a median of $159,080, while per-capita income sits at $56,310, so the property tax bill absorbs a comparatively contained share of earnings. Combined with a 6.00% sales tax rate, the overall cost structure leans on higher home values rather than steep tax rates, which shapes how far local incomes stretch toward ownership.
These numbers change over time. Get an update when they do — plus our recommendations.
No spam. Unsubscribe any time.