Silver Spring, Maryland, a census-designated place north of Washington, D.C., is known for its diverse community and thriving urban center. Over the past decade, the city has experienced notable trends in homeownership, average home prices, and rent prices. From 2013 to 2022, Silver Spring saw a slight decline in homeownership rates, dropping from 39% to 38%. Conversely, average home prices increased significantly during this period, rising from $345,096 in 2013 to $525,681 in 2022, representing a 52% increase over nine years.

Federal interest rates have influenced homeownership trends in Silver Spring. Between 2013 and 2016, when interest rates were historically low (0.11% to 0.40%), the homeownership rate decreased from 39% to 33%. This decline occurred despite low interest rates, possibly due to rising home prices. As interest rates began to increase more substantially from 2017 to 2019 (1.00% to 2.16%), the homeownership rate surprisingly increased slightly to 38%, potentially due to buyers rushing to purchase before rates climbed further.

The rental market in Silver Spring has also shown interesting trends. The percentage of renters increased from 61% in 2013 to 62% in 2022. During this time, average rent prices rose from $1,455 in 2013 to $1,667 in 2022, an increase of about 14.6%. The city's population fluctuated, peaking at 85,988 in 2016 before declining to 75,313 in 2022. Despite the population decrease, the continued rise in average rent prices suggests a sustained demand for rental properties in the area.