Severna Park, MD—21146
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Severna Park, MD
As of Oct '25, the median home price in Severna Park, MD is $723,000, with a year-over-year change of 2.2%. This indicates that home prices in Severna Park, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $723,000 | 2.2% |
| Single Family | $727,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $446,000 | 1.1% |
3 Bed | $620,000 | 1.1% |
4 Bed | $766,000 | 1.7% |
| 5 Bed | $928,000 | 1.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Severna Park, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Severna Park, MD is 40. This is a decrease of -10.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $875,000 | 13.0% |
Listing Count | 66 | 37.0% |
| Listings as % of Homes | 0.4% | 37.0% |
Days on Market | 40 | -10.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Severna Park, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $723,000 |
| Median Household Income | $170,000 |