Silver Spring, MD Housing Affordability Index
Silver Spring, Maryland has an MBR Housing Affordability Index score of 69.1 (Significantly Less Affordable) as of October 30, 2026, ranking 250th most affordable of 259 scored Maryland cities, compared with 89.4 statewide and 97.4 nationally. On a median-priced $643,300 home with 20% down, the Maryland average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $3,516, or 42% of the city’s $99,860 median household income.
The MBR Housing Affordability Index (MBR-HAI) for Silver Spring is updated every night from live Maryland mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.
Silver Spring is 20.3 points below the Maryland score. Scores as of October 30, 2026. See the Maryland index
View Silver Spring Mortgage RatesSee What You Can Afford in Silver Spring, Maryland
Use this Silver Spring, Maryland home affordability calculator to see how much house you can afford at today’s Maryland average 30-year mortgage rate of 7.27%. A household earning the Silver Spring median income of $99,860, with no other debts and $129,000 down, can afford a home of about $404,443, compared with a median home value of $643,300. Buying the median priced home with 20% down takes a household income of about $181,200 once property tax and insurance are counted.
| Loan amount | $275,443 |
| Principal & interest | $1,882/mo |
| Property tax | $280/mo |
| Home insurance | $169/mo |
| PMI | $0/mo |
| Total monthly payment | $2,330/mo |
How much house can you afford in Silver Spring?
Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.
In Silver Spring, property taxes run about 0.83% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $5,790 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.
What It Takes to Buy in Silver Spring
Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Silver Spring, Maryland. The rate is the Maryland average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.
How Silver Spring Ranks in Maryland
Cite the Silver Spring Score
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Scores update each morning, computed from rate data captured the previous night. Score of 100 = national average at a 6.5% reference rate.
