Severna Park, MD 21146 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

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 — 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 Type	Median Home Value	YoY % Change
All Homes	$720,000	2.1%
Single Family	$723,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$3,400	$3,340
Studio Rent	N/A	N/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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$784,000	10.0%
Listing Count	55	22.0%
Listings as % of Homes	0.4%	22.0%
Days on Market	53	27.0%

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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.

Metric	Latest Census	YoY % Change
Population	28,500	1.7%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Severna Park, MD—21146

Key Metrics at a Glance

Home Price Trends — Severna Park, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Severna Park, MD

% of Rental Stock

Property Listings — Severna Park, MD

Demographics — Severna Park, MD

Race and Ethnicity

Mortgage and Risk — Severna Park, MD

Mortgages

Rentals and Section 8 — Severna Park, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Severna Park, MD

Home Price to Income Ratio

Severna Park, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Nottingham

Crownsville, MD

Benfield, MD

Arnold, MD

Pasadena, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$720,000
Median Household Income	$170,000

Severna Park, MD—21146

Key Metrics at a Glance

Home Price Trends — Severna Park, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Severna Park, MD

% of Rental Stock

Property Listings — Severna Park, MD

Demographics — Severna Park, MD

Race and Ethnicity

Mortgage and Risk — Severna Park, MD

Mortgages

Rentals and Section 8 — Severna Park, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Severna Park, MD

Home Price to Income Ratio

Severna Park, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Nottingham

Crownsville, MD

Benfield, MD

Arnold, MD

Pasadena, MD

Frequently Asked Questions

What is the average home price in Severna Park, MD 21146?

How have home prices in Severna Park, MD 21146 changed over the past year?

What is the home price projection for Severna Park, MD 21146?

What are the demographics of Severna Park, MD 21146?

How long does it take homes to sell in Severna Park, MD 21146?

What is the average rent price in Severna Park, MD 21146?