Severn, NC has a median housing value of $128,600, which is substantially lower than the US house median of $338,100. Despite the lower housing values compared to the national average, Severn has experienced an impressive 16.05 percent one year appreciation in housing value that surpasses the nation's 8.27 percent appreciation rate. The real estate market in Severn provides potential buyers with attractive house prices and excellent investment opportunities for potential homeowners.
The median home cost in Severn is $128,600. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Severn is up 19.4%.
Average Age of Homes
- The median age of Severn real estate is 56 years old
The Rental Market in Severn
- Renters make up 22.6% of the Severn population
- 3.7% of houses and apartments in Severn, 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.