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These days, finding an affordable place to live in the Severna Park area can be challenging. Home prices in Severna Park are now at a median cost of $651,037, higher than the Maryland average of $450,578.
The average cost of rent is $1,929/mo in Severna Park, primarily driven by the current value of real estate in the Severna Park area. In Severna Park, 10.37% of households rent, and 26.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Severna Park is $14,761 per month. Households that rent pay about 13.07% of their income on rent here. Severna Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Crownsville, MD: higher priced homes
- Millersville, MD: less expensive homes
- Pasadena, MD: less expensive homes
- Lake Shore, MD: less expensive homes
- Arnold, MD: less expensive homes
- Glen Burnie, MD: less expensive homes
- Riviera Beach, MD: less expensive homes
- Cape St. Claire, MD: less expensive homes
- Parole, MD: less expensive homes
- Gibson Island, MD: higher priced homes
Cities with Similar Populations
- Johnston, RI: less expensive homes
- Rolla, MO: less expensive homes
- Richmond Hill, GA: less expensive homes
- Patterson, CA: less expensive homes
- Norco, CA: higher priced homes
- Millsboro, DE: less expensive homes
- Middletown, NJ: equally priced homes
- Martinsville, IN: less expensive homes
- Marquette, MI: less expensive homes
- Madison Heights, MI: less expensive homes
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