The National Oceanic and Atmospheric Administration (NOAA) is tasked with managing and preserving the nation’s coastal and marine ecosystems and natural resources. NOAA employs about 4,600 civilian employees at its Silver Spring headquarters in addition to 300 uniformed service members in its Commissioned Officer Corps. The U.S. Food and Drug Administration (FDA) protects the public health by overseeing the safety, quality, and effectiveness of various foods, drugs, and medical devices. The FDA is one of the largest employers in Montgomery County, employing over 8,400 people at its headquarters in Silver Spring. Schools and universities in the area include Washington Adventist University, University of Maryland at College Park, and Montgomery College.
The featured properties in this month’s rent survey represent six communities in Silver Spring built between 1960 and 1967. Average occupancy rates for the communities range from 90% to 99%. Average rental rates per square foot range from $1.64 to $2.16, with average unit sizes ranging from 672 square feet to 918 square feet. Common area amenities include fitness centers, swimming pools, picnic areas, on-site laundry facilities, secured hall entry, business centers, clubhouses, coffee bars, tennis courts, game rooms, and spas. Unit amenities include hardwood flooring, wall-to-wall carpeting, walk-in closets, stainless-steel appliances, granite countertops, ceiling fans, dishwashers, and private balconies/patios. Residents pay application fees of $25 to $57 and post security deposits from $150 up to one month’s rent. Pets are allowed in some of the surveyed communities with residents paying non-refundable pet deposits up to $300 and monthly pet rents ranging from $30 to $50.