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Housing market/Maryland/ZIP 20902

ACS 2023 · FY2027 SAFMR

ZIP 20902 Silver Spring, Maryland

Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area · Maryland. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
53,170
Households
17,982
Median HH income
$111,408
Renter share
35.3%
Median gross rent
$2,088
Vacancy
4.1%
Pop. change
+1.3%
2BR SAFMR
$2,590
SAFMR / rent
1.240×
2–49 unit stock
2,967
LIHTC proj / units
5 / 939
HUD assisted MF
4 / 314

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 20902 · MD — sent to you.

ZIP 20902 · MD

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ACS rent vs 2BR SAFMR

ZIP 20902 — Silver Spring, MD HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,088
2BR SAFMR$2,590
90% floor$2,331
110% ceiling$2,849

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 20902

  • 1-unit detached10,28954.8%
  • 1-unit attached2,48713.3%
  • 2–4 units1911.0%
  • 5–49 units2,77614.8%
  • 50+ units3,00316.0%
  • Mobile130.1%
TypeUnitsShare
1-unit detached10,28954.8%
1-unit attached2,48713.3%
2 units (duplex)390.2%
3–4 units1520.8%
5–9 units9124.9%
10–19 units1,5838.4%
20–49 units2811.5%
50+ units3,00316.0%
Mobile130.1%

2–4 unit share 1.0% · 5–49 unit share 14.8% · combined 2–49 15.8%.

Units by bedrooms

Studio
383
1BR
2,462
2BR
3,442
3BR
6,109
4BR
4,243
5+
2,120

Rent burden

Rent ≥30% of income47.7%
Rent ≥50% of income18.5%
  • ACS median gross rent $2,088 (all bedrooms, occupied rentals).
  • Median contract rent $1,929.
  • Renters paying ≥30% of income 47.7%; ≥50% 18.5%.
  • FY2027 2BR SAFMR $2,590 (1.240× ACS median gross rent).

Population

53,170 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 939 units.
  • HUD project-based assisted MF: 4 properties, 314 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 559 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 20902 35.3% of occupied households are renters; vacancy is 4.1%; ACS median gross rent is $2,088; population increased +1.3% between the 2018 and 2023 ACS vintages; the housing stock includes 191 units in 2–4-unit structures and 2,776 units in 5–49-unit structures; 5 LIHTC projects totaling 939 units; FY2027 2BR SAFMR is $2,590 versus ACS median gross rent of $2,088. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Maryland research

ZIP 20902 is a Census / HUD profile for Washington-Arlington-Alexandria, DC-VA-MD, MD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 20902 — Silver Spring, MD HUD Section 8 Payment Standards / SAFMR·Maryland ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
20001Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area66.3%$2,464$3,43020002Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area62.8%$2,140$2,87020003Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area61.5%$2,630$3,66020004Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area59.2%$2,945$3,53020005Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area70.8%$2,223$3,15020006Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area91.9%$2,035$2,38020007Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area42.6%$2,066$2,61020008Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area64.4%$2,202$3,49020009Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area65.4%$2,346$3,66020010Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area60.1%$1,815$2,55020011Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area46.1%$1,636$2,20020012Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area37.2%$1,638$1,970

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Maryland research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 20902?

ZIP 20902 (Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area) has 53,170 residents, 17,982 households, a renter share of 35.3%, median household income of $111,408, and ACS 2023 median gross rent of $2,088. Vacancy is 4.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 20902?

ACS counts 39 units in 2-unit buildings, 152 in 3–4 unit buildings, 912 in 5–9, 1,583 in 10–19, and 281 in 20–49. Combined 2–49 unit stock is 2,967 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 20902?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,590. See the full schedule and 90–110% payment-standard band on the ZIP 20902 — Silver Spring, MD HUD Section 8 Payment Standards / SAFMR.

Does this Maryland ZIP profile include Georgia listings?

No. ZIP 20902 is Census / HUD research for Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Jeff Crowe CRE does not list Maryland property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.