Interested in purchasing investment houses in the 20903 zip code in Silver Spring, MD?
The zip code 20903 is in both Montgomery and Prince Georges counties with a latitude of -76.981250000000 and longitude of 39.020500000000, is in the state of Maryland. The average asking price of houses and condos is $320,422.00 and the average sale price was $270,258.00. this regions is classified as the Washington D and consists of the following area codes: 227, 240, and 301. The location in degrees is 39° 1' 13.8" N, 76° 58' 52.5" W. The county F.I.P.S. is 24031. This zip code contains six cities including Hillandale, MD (38.08%), Silver Spring, MD (28.67%), White Oak, MD (20.53%), Adelphi, MD (9.04%), Langley Park, MD (3.30%), and Takoma Park, MD (0.39%) The total land area is 3.6 square miles and the water area is 0.0 square miles. The elevation in this area is 253 - 292 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 20903 is in county number 033 and is L. Sector 21, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 28,278 in 2019 and 23,625 in 2010. This further breaks down to 14,658 males (51.8%) and 13,619 females (48.2%). The median age of residents is 32.8 years. The population of the greater Washington-Arlington-Alexandria, DC-VA-MD-WV area is 5,500,613. The population density (people per square mile) is 7,850. This zip code has a combined total of 7,812 houses and condos. There are 4,720 rented appartments. 62% of residents rent versus the 62% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $38,600 and the average salary is $37,255. The median household income of individuals is $56,586.00 and the average is $41,730.00. This zip code has a mean commute time to work of 35.7 minutes. The unemployment rate is 6.3%. Income earners by percent breakdown as 44.10% (Under $50,000), 32.90% ($50,000-$100,000), and 23.00% earn over $100,000. 10.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 187.3. The educational breakdown is 66.5% have a high school education or higher, 26.1% have a bachelor's degree or higher, and 12.0% have some kind of profesional degree.
This area has 6,995 households and the average size is 3.7 people. Individuals who are single and have never been married are 44.4%, 42.4% are now married, 2.1% are separated, 4.8% are widowed, and 6.4% are divorced. The average yearly contribution amount given by people to charity was $3,406 versus the state average of $4,452. The percent of residents who gave to charity was 25.1%.
The estimated median value of houses and condos is $403,266. The median monthly owner costs of mortgage holders was $2,062, where as the costs for those who don't have a mortgage are $687. The median number of rooms in houses and condos are 7.4 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $3,595. In comparision, the average real estate tax percent rate in the state is 1.1% which equated to an average real estate tax amount payment in the state of $3,515. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $3,532. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $3,778. Reported taxable interest for persons was $962, dividends $6,512, capital gains +$9,684, and itemized deductions $20,003. The average earned income tax credit is $2,387. The percent of individuals that use a tax preparer is 65.5%. The total average income taxes paid by individuals was $6,090. Businesses reported an average profit of $7,679.
Halal Meat & Seafood Unlimited
2063 University Blvd E, Hyattsville, MD 20783 (0.9 miles away)
Samantha's Restaurant
631 University Blvd E, Silver Spring, MD 20901 (1.4 miles away)
Mid Atlantic Seafood
6500 New Hampshire Ave, Takoma Park, MD 20912 (2 miles away)
University Of Maryland
113b Ellicott Area Dining Hall, College Park, MD 20742 (2.5 miles away)
Crisfield Seafood
8012 Georgia Ave, Silver Spring, MD 20910 (2.8 miles away)
Moose Creek Steakhouse
10000 Baltimore Ave, College Park, MD 20740 (3.1 miles away)
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