20906, Silver Spring, MD

The 20906 zip code of Silver Spring, MD has a median home value of $269,000 and a median home equity value of $142,000. This means that the majority (approximately two-thirds) of homes in this zip code are worth more than their original purchase price. Additionally, the average home in this zip code has been on the market for just over four months and has received an average of six offers. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a premium for properties in this area.

Furthermore, according to Zillow’s Home Value Index (HVI), which measures the change in median home values from one quarter to another across all U.S. ZIP codes, Silver Spring’s HVI increased by 2.2% from Q1 2018 to Q2 2018 – the fastest growth rate among all 20906 ZIP codes tracked by Zillow during that time period. This suggests that there is strong demand for homes in Silver Spring and that prices are likely to continue rising over the next few years.

Overall, it appears that homeownership rates in Silver Spring are high and prices are rising rapidly – which is good news for buyers who want to invest in property here or who want to buy a home soon.