Severn, MD 21144 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Severn, MD—21144

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$508,000

1.3% YoY Growth

Household Income

$133,000

25.6% YoY Growth

Days on Market

37.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$2,520

16.4% YoY Growth

1-Bed Rent

$1,500

2.4% YoY Growth

2-Bed Rent

$2,160

6.9% YoY Growth

3-Bed Rent

$2,800

17.4% YoY Growth

Home Price Trends — Severn, MD

As of Dec '25, the median home price in Severn, MD is $508,000, with a year-over-year change of 1.3%. This indicates that home prices in Severn, MD are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$508,000	1.3%
Single Family	$521,000	1.0%
Condos	$244,000	4.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

7.4%

2 Bedrooms

33.6%

3 Bedrooms

48.9%

4 Bedrooms

8.9%

5+ Bedrooms

1.2%

Property Listings — Severn, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Severn, MD is 29. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$515,000	1.0%
Listing Count	83	60.0%
Listings as % of Homes	0.4%	60.0%
Days on Market	41	37.0%

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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%

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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%

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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%

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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

Severn, MD—21144

Key Metrics at a Glance

Home Price Trends — Severn, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Severn, MD

% of Rental Stock

Property Listings — Severn, MD

Demographics — Severn, MD

Race and Ethnicity

Mortgage and Risk — Severn, MD

Mortgages

Rentals and Section 8 — Severn, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Severn, MD

Home Price to Income Ratio

Severn, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Harmans, MD

Glen Burnie, MD

Benfield, MD

Hanover, MD

Geraghty Village, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$508,000
Median Household Income	$133,000

Severn, MD—21144

Key Metrics at a Glance

Home Price Trends — Severn, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Severn, MD

% of Rental Stock

Property Listings — Severn, MD

Demographics — Severn, MD

Race and Ethnicity

Mortgage and Risk — Severn, MD

Mortgages

Rentals and Section 8 — Severn, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Severn, MD

Home Price to Income Ratio

Severn, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Harmans, MD

Glen Burnie, MD

Benfield, MD

Hanover, MD

Geraghty Village, MD

Frequently Asked Questions

What is the average home price in Severn, MD 21144?

How have home prices in Severn, MD 21144 changed over the past year?

What is the home price projection for Severn, MD 21144?

What are the demographics of Severn, MD 21144?

How long does it take homes to sell in Severn, MD 21144?

What is the average rent price in Severn, MD 21144?