Severna Park, MD Real Estate
According to census data in the year 2000 there were 9,951 housing units in Severna Park.
This represents a 12.5% growth from 8,843 in 1990.
Of those housing units, 9,951 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Severna Park is about 91.2%.
Severna Park's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 2.89 people.
The majority of houses, apartments or condos in Severna Park were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 1.80% |
| Two Bedrooms | 5.70% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 44% |
| Five Bedrooms or more | 12.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $237,200 |
| Median Price asked for vacant units | $125,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $2,001 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 10.20% |
| Home Equity Loan | 13% |
| Simple Mortgage | 53.90% |
| Debt Free | 22% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
