Severn, Maryland Housing Market Prices
Severn Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% above the Maryland median$349,587
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Median rent 27% above the Maryland median$2,158
Housing Market Overview
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,587 | $267,101 | $248,835 |
| Price Trend (Annual %) | 11.7% | 3.4% | 7.5% |
| Median Gross Rent | $2,158 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Severn is about 31% higher than in Maryland. Rent is about 27% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Severn, up about 11.7% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Severn rose about 43.8% between 2015 and 2024, from $1,500 to $2,158. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Severn.
Buying the median-priced home in Severn costs roughly 13.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Severn. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,587 | $267,101 | $248,835 |
| Median Household Income | $130,408 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Severn rose about 57.9%, while median household income rose about 38.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 62.4% | 58.5% |
| Rental Rate | 29.1% | 29.9% | 31.2% |
| Vacancy Rate | 2.8% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Severn has a homeownership rate of 68.1%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.8%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1995 | 1977 | 1978 |
| Median Number of Rooms | 6.5 | 6.2 | 5.5 |
The typical housing unit in Severn was built around 1995. On average, 2.7 people live in a home with about 6.5 rooms, staying for about 14.0 years on average.
Severn, MD Housing Compared With Nearby Cities
How Severn, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Severn, MD | 56,321 | $349,587 #1/2 | $2,158 #2/2 | 70.0% #1/2 |
| Odenton, MD | 41,509 | $341,114 | $2,243 | 63.7% |
Frequently Asked Questions
Common questions about the housing market in Severn, Maryland.
What is the median home price in Severn, Maryland?
The median home price in Severn, Maryland is $349,587, higher than the Maryland average of $267,101.
What is the average home price in Severn, Maryland?
The typical home price in Severn, Maryland, reported as the median sale price, is $349,587. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Severn, Maryland?
The median gross rent in Severn, Maryland is $2,158 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Severn in 2020?
In 2020, the median gross rent in Severn, Maryland was $1,754 per month.
What is the price-to-rent ratio in Severn, Maryland?
The price-to-rent ratio in Severn, Maryland is about 13.5, meaning it would take roughly 13.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Severn.
Are home prices or rent rising faster in Severn, Maryland?
Both home prices and rent are rising in Severn, up about 11.7% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Severn, Maryland?
68.1% of households in Severn, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Severn, Maryland?
The housing vacancy rate in Severn, Maryland is 2.8%, lower than the Maryland average of 7.7%.
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