Severn, MD Real Estate
According to census data in the year 2000 there were 12,380 housing units in Severn.
This represents a 50.8% growth from 8,210 in 1990.
Of those housing units, 12,380 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Severn is about 73.4%.
Severn's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Severn were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 4.10% |
| Two Bedrooms | 15.10% |
| Three Bedrooms | 48.90% |
| Four Bedrooms | 28% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.92 |
| Median year structure was built | 1987 |
| Median Value of occupied units | $159,000 |
| Median Price asked for vacant units | $76,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $533 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 12.70% |
| Home Equity Loan | 9% |
| Simple Mortgage | 66.10% |
| Debt Free | 11.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.2% |
