Silver Spring sits just across the DC line and has redeveloped into a dense, walkable downtown popular with federal workers and young professionals. Montgomery County's tax rate applies, and condo HOA fees are common in the urban core.
Recommended for incomes above $125k/yr (28% DTI rule)
Silver Spring housing market
The 1.03% property tax rate reflects the county-level effective rate for Silver Spring and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Maryland average — county-level data produces more accurate monthly payment estimates for Silver Spring buyers. Many Silver Spring properties also carry HOA fees — the area average is approximately $250/month, which is not included in the calculator above.
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