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Severna Park, MD—21146

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$720,000
2.1% YoY Growth
Household Income
$170,000
22.4% YoY Growth
Days on Market
53
27.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$3,400
5.9% YoY Growth
1-Bed Rent
$1,650
16.4% YoY Growth
2-Bed Rent
$1,950
0.0% YoY Growth
3-Bed Rent
$3,200
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Severna Park, MD

As of Dec '25, the median home price in Severna Park, MD is $720,000, with a year-over-year change of 2.1%. This indicates that home prices in Severna Park, MD are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$720,0002.1%
Single Family $723,0002.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$439,0001.2%
    3 Bed
    		$616,0001.1%
    4 Bed
    		$761,0001.6%
    5 Bed $924,1921.5%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    2.6%
    2 Bedrooms
    6.1%
    3 Bedrooms
    28.4%
    4 Bedrooms
    44.4%
    5+ Bedrooms
    17.0%

    Rental Trends — Severna Park, MD

    As of July '25, Rentcast reports the average rent in Severna Park, MD is $3,340, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Severna Park, MD is 1-bedrooms: $1,770, 2-bedrooms: $2,180, 3-bedrooms: $3,130, 4-bedrooms: $4,240. The most common rental property sizes in Severna Park, MD are 4-bedroom and 2-bedroom, accounting for 28.6% and 20.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,400$3,340
    Studio Rent N/AN/A
    1 Bed Rent $1,650$1,770
    2 Bed Rent $1,950$2,180
    3 Bed Rent $3,200$3,130
    4 Bed Rent $4,200$4,240
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    % of Rental Stock

    Studio
    9.1%
    1 Bedroom
    19.5%
    2 Bedrooms
    20.7%
    3 Bedrooms
    9.6%
    4 Bedrooms
    28.6%
    5+ Bedrooms
    12.4%

    Property Listings — Severna Park, MD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Severna Park, MD is 51. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$784,00010.0%
    Listing Count
    		5522.0%
    Listings as % of Homes0.4%22.0%
    Days on Market
    		5327.0%
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    Demographics — Severna Park, MD

    As of the latest ACS Survey released in 2023, Severna Park, MD has a population of 28,500, which has increased by 1.7% over the past 5 years. Severna Park, MD is a popular place for families, as children make up 26.7% of the population. The area has a highly educated workforce, with 60.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,5001.7%
    % Under 18
    		26.7%-0.7%
    % Seniors
    		17.6%6.7%
    % WFH
    		23.5%155.4%
    % w/ College Degree
    		60.2%-3.5%
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    As of the latest ACS Survey released in 2023, Severna Park, MD is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Severna Park, MD is black, making up 3.9% of the population. Foreign-born residents account for 5.1% of the population in Severna Park, MD, and this percentage has increased by 37.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.1%-1.4%
    % Black
    		3.9%11.4%
    % Hispanic
    		2.4%-22.6%
    % Asian
    		2.3%21.1%
    % Foreign Born
    		5.1%37.8%
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    Mortgage and Risk — Severna Park, MD

    According to HUD data as of 2023, there were 499 mortgage originations in Severna Park, MD, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Severna Park, MD. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		499
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Severna Park, MD

    As of 2024, the percent of homes in Severna Park, MD under the Section 8 program is 2.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Severna Park, MD, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		26
    Total Units Section 8
    		26
    % Rentals under Section 8
    		2.0%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$380$1,650$2,030
    2 Bedroom$540$1,950$2,490
    3 Bedroom$0$3,200$3,200
    4 Bedroom-$620$4,200$3,580

    Affordability — Severna Park, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$720,000
    Median Household Income$170,000

    Severna Park, MD — ZIP Code Boundary Map

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    Frequently Asked Questions