Houses For Sale Silver Spring, MD
Located conveniently north of Washington DC in southeastern Montgomery County, Silver Spring, MD has undergone one of the region’s most remarkable redevelopments in the past two decades. In fact, the $1.2 billion investment in Downtown Silver Spring, MD sparked the New York Times to comment that the area was “enjoying a renaissance, a result of public involvement and private investment that is turning it into an arts and entertainment center.” Today, Silver Spring’s 81,000 residents represent one of the most diverse and vibrant communities in the Washington DC area.
The average price of homes for sale in Silver Spring MD has grown to $234,270 over the past decade with some single family homes costing upwards of $1 million. The rise in housing prices has occurred in tandem with the growth of Downtown Silver Spring itself, which now boasts over 150 restaurants. This emergence was in part sparked by substantial commercial real estate investment and the placement of powerhouse business such as the headquarters of The Discovery Channel, a flagship Whole Foods and a large outpost of the American Film Institute in the heart of Silver Spring.
In addition, Silver Spring, Maryland has long held a reputation within the DC region for its parks. For decades, beautiful outdoor areas that include Sligo Creek and Rock Creek Parks have drawn people to the area.
Educationally, Silver Spring, MD benefits from its location within the nationally competitive Montgomery County School System. Montgomery Blair High School stands as Silver Spring’s leading public school with its magnet math and science program consistently ranking as one of the strongest in the nation.