Severn, MD is an affluent area in the state of Maryland. Housing median value in Severn is $486,100, which is significantly higher than the US house median value of $338,100. Additionally, over the past year, appreciation of housing in this area has been 8.62%, compared to 8.27% for houses nationwide. Thus, it can be concluded that investments in housing in Severn are likely to bring significant returns over time.
The median home cost in Severn (zip 21076) is $486,100. Home appreciation the last 10 years has been 49.5%. Home Appreciation in Severn (zip 21076) is up 10.6%.
Average Age of Homes
- The median age of Severn (zip 21076) real estate is 15 years old
The Rental Market in Severn (zip 21076)
- Renters make up 22.6% of the Severn (zip 21076) population
- 1.1% of houses and apartments in Severn (zip 21076), 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.