There are currently 11,311 real estate properties in Severn, MD, with a median automated valuation model (AVM) price of $452,233.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Severn, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Severn, MD, is $470,455.00, with the most expensive house in Severn, MD, topping out at $9,655,294.00 and the cheapest home in Severn, MD, clocking in at $42,295.00. In other words, there’s something for every potential homebuyer or savvy investor in Severn, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Severn, MD, is on a rollercoaster ride. The average rent price in Severn, MD, is $2,173.00. Indeed, when looking to rent in Severn, MD, you can expect to pay as little as $1,000.00 or as much as $4,680.00, with the average rent median estimated to be $2,130.00. The good news is that finding an affordable and desirable property to rent in Severn, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Severn is located in Anne Arundel, Maryland, with an estimated municipal population of 50,496 residents. All of the best foreclosed homes for sale in Severn are located in the following zip code areas on Foreclosure.com: 21144 21077 21076. The estimated population per square kilometer (.62 miles) in Severn is 1,064.
So, about how much do homes cost in Severn? The most recent median value of resident-owned homes in Severn is 362,087. An estimated 70.7 percent of households in Severn own their homes, with an average family size of 3.17. The median household income in Severn is 107,155, with54.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Severn, the median commute time of resident workers (in minutes) is 29.4. And last, but certainly not least, are you looking for homes to rent in Severn? If so, the average rent price paid by renters in Severn is 1,712, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Severn, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Severn is 36.1, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Severn is 55.9, with an average family size of 3.17.
The percentage of residents who report their race in Severn is as follows:
| White | 48.5% |
| Black / African American | 35.6% |
| Asian | 9.1% |
| American Indian / Alaskan Native | 0.1% |
| Native Hawaiian / Other Pacifc Islander | 0.2% |
| Multi-racial | 5.2% |
| Other | 1.3% |
Looking for family-friendly neighborhoods in and/or near Severn? Or maybe you are searching for 55+ active adult communities in and/or near Severn?
The percentage of residents who report their age in Severn is as follows:
| Under 10 | 13.8% |
| Aged 10-19 | 11.4% |
| 20s | 14.8% |
| 30s | 15.5% |
| 40s | 13.4% |
| 50s | 14.9% |
| 60s | 9.7% |
| 70s | 4.5% |
| 80+ | 1.9% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Severn with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Severn.
How do you know that living in -- or moving to -- Severn is right where you need to be? Perhaps you grew up in Severn or already live nearby; therefore, the decision to buy a home in Severn is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Severn for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Severn:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Severn.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Severn can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Severn, meanwhile, can field multiple offers from more qualified buyers.
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