Severn, MD

Population: 44,231
Average annual home appreciation rate: 3.91%
Total of homes for sale in this market: 55
Median home price: $339,206
Median Rent: $1,445 per room
Home price range: 32.80% of homes are between $306,001 – $407,000
Median sales price: $333,000
Number of homes: 55
Median foreclosure sales price: $188,000
Foreclosure discount: 44%
Most common home type: 57.36% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.30%
Number of renters: 26.90%
Number of owner occupied: 73.10%
Number people living below poverty level: 8.56%
Unemployment rate: 5.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Severn area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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