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ZIP Code · MD

ZIP 20906

Pop. 70,595·Montgomery County·81st most expensive ZIP in Maryland
Median rent (all units)
$1,895/mo
Year-over-Year
-1.1%
Month-over-Month
Stable
vs US Median
-$70
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 20906 · $1,895
More expensive than 54% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,523
1 BR
$1,571
2 BR
$1,756
3 BR
$2,213
4 BR+
$2,606
Research median
$1,756/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
$22,740/yr
At $1,895/mo median
Location
StateMD
CountyMontgomery County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.1% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 20906 (Silver Spring, MD) is majority owner-occupied, has a large retiree population, has a median income above the national average, 42.5% of residents hold a bachelor's degree or higher.

Population
70,595
Median income
$97,521
Median age
41.2
Renters
33.6%
Age distribution
22.2%
18.5%
25%
12.5%
21.9%
Under 1822.2%
18–3418.5%
35–5425%
55–6412.5%
65+21.9%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
26.9%
25.2%
31.9%
12.4%
White26.9%
Black25.2%
Hispanic31.9%
Asian12.4%
Other3.6%
Education (25+)
13.4%
23.2%
20.8%
42.5%
No HS diploma13.4%
HS diploma23.2%
Some college20.8%
Bachelor's+42.5%
Housing tenure
66.4%
33.6%
Owner66.4%
Renter33.6%

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

2021 vs 2026

How ZIP 20906 in Silver Spring, MD has changed in 5 years

Rent
$1,529 → $1,895
up 23.9%
Income
$84,909 → $97,521
up 14.9%
Population
70,985 → 70,595
down 0.5%
Renter share
34.3% → 33.6%
-0.7 pts
Bachelor's+
38.9% → 42.5%
+3.6 pts
Median age
39.8 → 41.2
+1.4 yrs

Compared with 2021, rent in ZIP 20906 in Silver Spring, MD has climbed by $366 per month, settling near $1,895 after starting the period at $1,529. Household income in the area moved from $84,909 to $97,521 across the same window, up 14.9% versus 2021. Rent outpaced income growth by roughly 9.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.9% to 42.5%. Reading these numbers side by side helps frame whether current listings in ZIP 20906 in Silver Spring, MD look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 20906

Last updated: July 20, 2026

ZIP code 20906 covers Silver Spring, MD. The median rent here is $1,895/mo as of July 2026. A 1-bedroom rents for a median of $1,571/mo. A 2-bedroom rents for a median of $1,756/mo.

At 23% of local median household income ($97,521/yr), ZIP 20906 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20906?

As of July 20, 2026, the median monthly rent in ZIP 20906 (Silver Spring, MD) is $1,895. This is based on aggregated data from public sources and community submissions.

How does ZIP 20906 rent compare to the US average?

ZIP 20906's median rent of $1,895/mo is $70 (4%) below the US national median of $1,965/mo.

How does ZIP 20906 compare to other ZIPs in Maryland?

ZIP 20906 falls in the middle range for Maryland, ranking #81 out of 140 ZIPs at $1,895/mo.

How much income do you need to rent in ZIP 20906?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,895/mo in ZIP 20906. The local median household income is $97,521/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20906?

Rent in ZIP 20906 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 20906 an affordable place to rent?

ZIP 20906 is considered very affordable for renters. At $1,895/mo, rent takes approximately 23% of the local median household income ($97,521/yr). The standard benchmark is 30%. ZIP 20906 falls comfortably within that range.

What percentage of ZIP 20906 residents rent vs. own?

According to Census data, approximately 33.6% of ZIP 20906 households are renters, while 66.4% are owner-occupied. ZIP 20906 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 20906 compare to the rest of Silver Spring?

ZIP 20906 is more affordable than Silver Spring overall. At $1,895/mo, it's $71 below the Silver Spring citywide median of $1,966/mo.

When was rent data for ZIP 20906 last updated?

Rent data for ZIP 20906 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,895/mo, rent takes ~23% of ZIP 20906's median household income ($97,521/yr). The standard benchmark is 30%.

ZIP 20906 23%Benchmark 30%
State income tax2–5.75%
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Schools nearby

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