The housing market in Severna Park, MD is thriving. The median value of a house in Severna Park is 672,300, which is almost double the US median value of 338,100. This indicates that it is a desirable location to live and purchase property. In addition, the one-year appreciation rate for houses in Severna Park is 7.76%, slightly lower than the national rate of 8.27%. This may represent an opportunity for potential buyers to invest in real estate before prices rise further. Therefore, Severna Park's housing market looks strong and could provide a great option for potential buyers looking for a new home or investment opportunity.
The median home cost in Severna Park (zip 21146) is $672,300. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Severna Park (zip 21146) is up 10.4%.
Average Age of Homes
- The median age of Severna Park (zip 21146) real estate is 43 years old
The Rental Market in Severna Park (zip 21146)
- Renters make up 7.3% of the Severna Park (zip 21146) population
- 0.0% of houses and apartments in Severna Park (zip 21146), 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.