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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||9%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.2%|