Severna Park, MD is a beautiful suburb of Baltimore City, and it has some of the most expensive housing in the state. The median value of homes in Severna Park is $649,200 which is almost double the US House Median Value of $338,100. In the last year alone, Severna Park saw a 7.77% appreciation rate in housing values compared to the national 1 year House Appreciation rate of 8.27%. With its close proximity to Baltimore City and its high quality homes, it is no wonder why Severna Park is one of the most sought-after places to live in Maryland.
The median home cost in Severna Park is $649,200. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Severna Park is up 10.4%.
Average Age of Homes
- The median age of Severna Park real estate is 41 years old
The Rental Market in Severna Park
- Renters make up 7.4% of the Severna Park population
- 0.7% of houses and apartments in Severna Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.