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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 39,933 people, 13,792 houses or apartments, and a median cost of homes of $824,220, 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 90.33% of Severna Park's homes, and 74.93% 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 ( 35.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.24%). There's also some housing in Severna Park built before 1939 ( 2.81%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Severna Park, where house values have increased just 54.73%, which is annualized rate of 4.46%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Severna Park's appreciation rate, at 7.32%, has been at or slightly above the national average. In the latest quarter, Severna Park's appreciation rate has been 2.23%, which annualizes to a rate of 9.22%.
Relative to Maryland, our data show that Severna Park's latest annual appreciation rate is higher than 70% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Severna Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Severna Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Severna Park real estate investment or home purchase decisions.
$824,220
for Maryland
for nation
13,792
$3,355 / per month