Severn, MD—21144
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Severn, MD
As of Oct '25, the median home price in Severn, MD is $511,000, with a year-over-year change of 1.6%. This indicates that home prices in Severn, MD are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $511,000 | 1.6% |
| Single Family | $525,000 | 1.4% |
| Condos | $239,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $362,000 | 3.4% |
3 Bed | $446,000 | 2.1% |
4 Bed | $594,000 | 1.0% |
| 5 Bed | $723,000 | 0.7% |
% of Housing Stock
Rental Trends — Severn, MD
As of July '25, Rentcast reports the average rent in Severn, MD is $2,630, with a year-over-year rent change of 16.4%. Per bedroom, the median rent as of July '25 in Severn, MD is 1-bedrooms: $1,640, 2-bedrooms: $2,180, 3-bedrooms: $2,700, 4-bedrooms: $3,350. The most common rental property sizes in Severn, MD are 3-bedroom and 2-bedroom, accounting for 48.9% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,520 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,640 |
| 2 Bed Rent | $2,160 | $2,180 |
| 3 Bed Rent | $2,800 | $2,700 |
| 4 Bed Rent | $3,200 | $3,350 |
% of Rental Stock
Property Listings — Severn, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Severn, MD is 22. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | -2.0% |
Listing Count | 99 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 22 | -5.0% |
Demographics — Severn, MD
As of the latest ACS Survey released in 2023, Severn, MD has a population of 37,400, which has increased by 6.0% over the past 5 years. Severn, MD is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,400 | 6.0% |
% Under 18 | 23.9% | -10.8% |
% Seniors | 13.3% | 37.1% |
% WFH | 14.5% | 437.0% |
% w/ College Degree | 43.5% | 11.8% |
As of the latest ACS Survey released in 2023, Severn, MD is a predominantly white area, with 43.1% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Severn, MD is black, making up 32.8% of the population. Foreign-born residents account for 14.7% of the population in Severn, MD, and this percentage has increased by 25.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.1% | -7.1% |
% Black | 32.8% | -7.3% |
% Hispanic | 11.1% | 35.4% |
% Asian | 6.9% | 9.5% |
% Foreign Born | 14.7% | 25.6% |
Mortgage and Risk — Severn, MD
According to HUD data as of 2023, there were 545 mortgage originations in Severn, MD, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Severn, MD. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 545 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Severn, MD
As of 2024, the percent of homes in Severn, MD under the Section 8 program is 24.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Severn, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 599 |
Total Units Section 8 | 599 |
% Rentals under Section 8 | 24.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,500 | $1,940 |
| 2 Bedroom | $220 | $2,160 | $2,380 |
| 3 Bedroom | $260 | $2,800 | $3,060 |
| 4 Bedroom | $220 | $3,200 | $3,420 |
Affordability — Severn, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $511,000 |
| Median Household Income | $133,000 |