Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Severn area can be challenging. Home prices in Severn are now at a median cost of $376,676, higher than the Maryland average of $357,815.
The average cost of rent is $1,962/mo in Severn, primarily driven by the current value of real estate in the Severn area. While nearly 24.43% of residents own their homes outright in Severn, 23.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Severn is $9,614 per month. Households that rent pay about 20.40% of their income on rent here. Severn's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Harmans, MD: equally priced homes
- Hanover, MD: equally priced homes
- Fort Meade, MD: higher priced homes
- Odenton, MD: less expensive homes
- Millersville, MD: equally priced homes
- Annapolis Junction, MD: equally priced homes
- Glen Burnie, MD: less expensive homes
- Jessup, MD: less expensive homes
- Elkridge, MD: equally priced homes
- Ferndale, MD: less expensive homes
Cities with Similar Populations
- Wappingers Falls, NY: less expensive homes
- Egypt Lake-Leto, FL: less expensive homes
- Fenton, MI: less expensive homes
- Fernandina Beach, FL: higher priced homes
- Flowery Branch, GA: less expensive homes
- Franklin, WI: less expensive homes
- San Dimas, CA: higher priced homes
- Sewell, NJ: less expensive homes
- Southampton, PA: equally priced homes
- Stow, OH: less expensive homes
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