Severna Park, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Severna Park Neighborhoods Since 2000




Severna Park, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Severna Park Housing Market Information

With a population of 39,292, 12,976 total housing units (homes and apartments), and a median house value of $521,627, Severna Park house prices are not only among the most expensive in Maryland, Severna Park real estate also is some of the most expensive in all of America.

Severna Park is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Severna Park than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Severna Park. Owner-occupied housing accounts for 91.83% of Severna Park's homes, and 74.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Severna Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Severna Park built between 1940-1969 ( 34.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.36%). There's also some housing in Severna Park built before 1939 ( 4.24%).

Severna Park Home Appreciation Rates

Severna Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Severna Park during the period has been just -0.70%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Severna Park's appreciation rate, at 3.76%, has been at or slightly above the national average. In the latest quarter, Severna Park's appreciation rate has been 2.15%, which annualizes to a rate of 8.90%.

Relative to Maryland, our data show that Severna Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$521,627

Severna Park, MD HOME PRICES

Value Range
> $1,097,000 4.9
$823,001 - $1,097,000 6.3
$548,001 - $823,000 36.5
$439,001 - $548,000 19.6
$329,001 - $439,000 18.3
$219,001 - $329,000 9.5
$110,001 - $219,000 3.3
$55,001 - $110,000 0.2
$0 - $55,000 1.4

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
5.70291000644066 10.6870229007634

Number Of Homes And Apartments:
12,976

Severna Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
93.38% 3.84% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,095 / per month

Homeownership Rate

Homeownership
Owners 91.83
Renters 8.17
Vacant 4.83

Housing Market Details

 

Age of Homes

AGE OF Severna Park HOMES
2000 or Newer 10.4
1970 - 1999 51.0
1940 - 1969 34.4
1939 or Older 4.2

Types of Homes

TYPE OF Severna Park HOMES
Single-Family 93.8
Townhomes 2.6
Small Apt. Buildings 0.6
Apt. Complexes 2.6
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Severna Park HOMES
No Bedroom 0.35
1 Bedroom 1.76
2 Bedrooms 8.33
3 Bedrooms 32.64
4 Bedrooms 41.49
5 or more bedrooms 15.43