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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 20905 zip code in Silver Spring, MD?
Detailed Demographic Statistics
The zip code 20905 is in Montgomery county, is in the state of Maryland. This zip code contains six cities including Cloverly, MD (71.54%), Ashton-Sandy Spring, MD (15.05%), Spencerville, MD (8.01%), Fairland, MD (4.32%), Burtonsville, MD (0.79%), and Layhill, MD (0.29%) The total land area is 12.9 square miles and the water area is 0.2 square miles.
The zip 20905 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 18,865 in 2019 and 18,044 in 2010. Of this, the break down in 2019 was 17,342 urban and 1,522 rural. This further breaks down to 9,309 males (49.3%) and 9,556 females (50.7%). The median age of residents is 42.6 years. The population density (people per square mile) is 1,466. This zip code has a combined total of 6,361 houses and condos. There are 549 rented appartments. 9% of residents rent versus the 9% of residents in the state who rent.
The average individual gross adjusted income is $95,268 and the average salary is $82,429. The estimated median household income of individuals is around $136,009. This zip code has a mean commute time to work of 37.1 minutes. The unemployment rate is 4.5%. 5.3% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 179.6. The educational breakdown is 94.4% have a high school education or higher, 58.1% have a bachelor's degree or higher, and 30.8% have some kind of profesional degree.
The average size of households is 3.1 people. Individuals who are single and have never been married are 29.7%, 58.3% are now married, 0.8% are separated, 4.8% are widowed, and 6.5% are divorced. The average yearly contribution amount given by people to charity was $4,954 versus the state average of $4,452. The percent of residents who gave to charity was 50.7%.
The estimated median value of houses and condos is $539,826. The median monthly owner costs of mortgage holders was $2,754, where as the costs for those who don't have a mortgage are $763. The median number of rooms in houses and condos are 10.0 versus apartments which had a median number of 7.2.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $4,880. 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 $5,009. 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 $4,605. Reported taxable interest for persons was $1,392, dividends $5,657, capital gains +$6,596, and itemized deductions $32,843. The average earned income tax credit is $2,069. The percent of individuals that use a tax preparer is 52.2%. The total average income taxes paid by individuals was $14,356. Businesses reported an average profit of $19,171.Local Restaurants
Siriwan Thai Restaurant
736 Cloverly St, Silver Spring, MD 20905
Buffalo Wings & Beer
15412 New Hampshire Ave, Silver Spring, MD 20905
Kabon N Karahi
15521 New Hampshire Ave, Silver Spring, MD 20905
Indochine Express
15416 New Hampshire Ave, Silver Spring, MD 20905
Lin's Chinese Restaurant
734 Cloverly St, Silver Spring, MD 20905
Bear Brick Oven Pizza
15410 New Hampshire Ave Cloverly Village Center, Silver Spring, MD 20905
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
