Silver Spring, MD — income, home value, property tax, and sales tax.
In ZIP code 20861, near Silver Spring, homes carry a median value of $852,700 while households bring in a median $163,438 — a ratio that keeps ownership within reach for many buyers here. The county's 0.86% effective property tax rate translates to roughly $7,300 annually on that median home, a meaningful outlay even against six-figure earnings. Per-capita income sits at $70,654, and the combined 6.00% sales tax applies to everyday purchases. Together these figures sketch a community where high incomes and high home values move in step, and where property taxes form the largest recurring ownership cost.
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