Interested in purchasing investment houses in the 20906 zip code in Silver Spring, MD?
The zip code 20906 is in Montgomery county with a latitude of -77.056640000000 and longitude of 39.086740000000, is in the state of Maryland. The average asking price of houses and condos is $270,760.00 and the average sale price was $265,257.00. 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° 5' 12.264" N, 77° 3' 23.904" W. The county F.I.P.S. is 24031. This zip code contains seven cities including Aspen Hill, MD (29.28%), Glenmont, MD (20.93%), Wheaton, MD (16.88%), Layhill, MD (12.66%), Olney, MD (9.35%), Leisure World, MD (9.04%), and Cloverly, MD (1.86%) The total land area is 12.1 square miles and the water area is 0.1 square miles. The elevation in this area is 364 - 436 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 20906 is in county number 031 and is L. Sector 00, L. Segment 01, H. Sector 08, and H. Segment 08. The population was 71,520 in 2019 and 64,696 in 2010. This further breaks down to 33,249 males (46.5%) and 38,272 females (53.5%). The median age of residents is 40.7 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 5,915. This zip code has a combined total of 26,898 houses and condos. There are 8,616 rented appartments. 34% of residents rent versus the 34% 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 $54,434 and the average salary is $49,624. The median household income of individuals is $65,452.00 and the average is $61,720.00. This zip code has a mean commute time to work of 36.7 minutes. The unemployment rate is 4.7%. Income earners by percent breakdown as 35.50% (Under $50,000), 37.20% ($50,000-$100,000), and 27.30% earn over $100,000. 9.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 184.9. The educational breakdown is 85.6% have a high school education or higher, 38.6% have a bachelor's degree or higher, and 17.9% have some kind of profesional degree.
This area has 24,081 households and the average size is 2.8 people. Individuals who are single and have never been married are 34.9%, 45.5% are now married, 1.9% are separated, 7.5% are widowed, and 10.1% are divorced. The average yearly contribution amount given by people to charity was $3,422 versus the state average of $4,452. The percent of residents who gave to charity was 36.4%.
The estimated median value of houses and condos is $380,598. The median monthly owner costs of mortgage holders was $2,143, where as the costs for those who don't have a mortgage are $768. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $3,160. 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 0.8% which amounted to an average tax amount of $3,408. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.8% which amounted to an average tax amount of $2,610. Reported taxable interest for persons was $1,437, dividends $6,454, capital gains +$5,926, and itemized deductions $23,161. The average earned income tax credit is $2,180. The percent of individuals that use a tax preparer is 59.6%. The total average income taxes paid by individuals was $8,074. Businesses reported an average profit of $10,559.
Outback Steakhouse
13703 Georgia Ave, Silver Spring, MD 20906
Juicy Seafood
2259 Bel Pre Rd, Silver Spring, MD 20906
Nancy's Kitchen
3808 International Dr, Silver Spring, MD 20906
Portuguese Club Restaurant Inc
12210 Veirs Mill Rd, Silver Spring, MD 20906
Vegetable Garden
3830 International Dr, Silver Spring, MD 20906
La Frontera Restaurant II
4217 Randolph Rd, Silver Spring, MD 20906
Fu Lin Restaurant
2235 Bel Pre Rd, Silver Spring, MD 20906
Lee's Kitchen Restaurant
14448 Layhill Rd, Silver Spring, MD 20906
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