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ZIP Code · MD

ZIP 20904

Pop. 58,646·Montgomery County·74th most expensive ZIP in Maryland
Median rent (all units)
$1,993/mo
Year-over-Year
-0.3%
Month-over-Month
-1.5%
vs US Median
+$28
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 20904 · $1,993
More expensive than 60% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,880
1 BR
$1,940
2 BR
$2,160
3 BR
$2,730
4 BR+
$3,200
Research median
$2,160/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,916/yr
At $1,993/mo median
Location
StateMD
CountyMontgomery County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-0.3% YoY, -1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 20904 (Silver Spring, MD) is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 50.3% of residents hold a bachelor's degree or higher.

Population
58,646
Median income
$96,025
Median age
40.6
Renters
51.1%
Age distribution
22.8%
20%
24.7%
20.9%
Under 1822.8%
18–3420%
35–5424.7%
55–6411.7%
65+20.9%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
22.5%
49.4%
16.7%
White22.5%
Black49.4%
Hispanic16.7%
Asian10.1%
Other1.2%
Education (25+)
18.5%
21.2%
50.3%
No HS diploma10.1%
HS diploma18.5%
Some college21.2%
Bachelor's+50.3%
Housing tenure
48.9%
51.1%
Owner48.9%
Renter51.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 20904 in Silver Spring, MD has changed in 5 years

Rent
$1,624 → $1,993
up 22.7%
Income
$86,513 → $96,025
up 11.0%
Population
55,912 → 58,646
up 4.9%
Renter share
47.9% → 51.1%
+3.2 pts
Bachelor's+
49.1% → 50.3%
+1.2 pts

Five years ago, renters in ZIP 20904 in Silver Spring, MD paid around $1,624 a month. That figure now sits near $1,993, up 22.7% from the 2021 baseline. Median household income climbed from $86,513 to $96,025 between 2021 and 2024, a 11.0% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 20904 in Silver Spring, MD adding about 2,734 residents over the five-year window, up 4.9% on net. The renter share has risen from 47.9% to 51.1%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 20904 in Silver Spring, MD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 20904

Last updated: July 20, 2026

ZIP code 20904 covers Silver Spring, MD. The median rent here is $1,993/mo as of July 2026. A 1-bedroom rents for a median of $1,940/mo. A 2-bedroom rents for a median of $2,160/mo.

At 25% of local median household income ($96,025/yr), ZIP 20904 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20904?

As of July 20, 2026, the median monthly rent in ZIP 20904 (Silver Spring, MD) is $1,993. This is based on aggregated data from public sources and community submissions.

How does ZIP 20904 rent compare to the US average?

ZIP 20904's median rent of $1,993/mo is $28 (1%) above the US national median of $1,965/mo.

How does ZIP 20904 compare to other ZIPs in Maryland?

ZIP 20904 falls in the middle range for Maryland, ranking #74 out of 140 ZIPs at $1,993/mo.

How much income do you need to rent in ZIP 20904?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,993/mo in ZIP 20904. The local median household income is $96,025/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20904?

Rent in ZIP 20904 has been relatively stable over the past year, with a 0.3% change year over year as of July 20, 2026.

Is ZIP 20904 an affordable place to rent?

ZIP 20904 is considered affordable for renters. At $1,993/mo, rent takes approximately 25% of the local median household income ($96,025/yr). The standard benchmark is 30%. ZIP 20904 falls comfortably within that range.

What percentage of ZIP 20904 residents rent vs. own?

According to Census data, approximately 51.1% of ZIP 20904 households are renters, while 48.9% are owner-occupied. With a majority renter population, ZIP 20904 has a strong rental market.

How does ZIP 20904 compare to the rest of Silver Spring?

ZIP 20904 is pricier than Silver Spring as a whole. At $1,993/mo, it's $27 above the Silver Spring citywide median of $1,966/mo.

When was rent data for ZIP 20904 last updated?

Rent data for ZIP 20904 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,993/mo, rent takes ~25% of ZIP 20904's median household income ($96,025/yr). The standard benchmark is 30%.

ZIP 20904 25%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 20904 (Silver Spring, MD)

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