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Severna park, MD

Population 38,576

0% 1 Year Decline

Median Household Income $139,754

5.3265% 1- Year Growth

Median Property Value $533.5K

2.5117% 1-Year Growth

About

In 2018, Severna park, MD had a population of $38.6K people with a median age of 42.7 and a median household income of $139,754. Between 2017 and 2018 thepopulation of Severna park, MD grew from 38,576 to 38,725, a 0% increase and its mediam household income grew from $132,310 to $139,754, a 5.3265% increase.
The 5 largest ethnic groups in Severna park, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Severna park, MD speak a non-English language, and 0% are U.S. citizens.
The median property value in Severna park, MD is $1.07M, and the homeownership rate is 59%. Most people in Severna park, MD commute by Drove Alone, and the average commute time is 29.78 minutes. The average car ownership in Severna park, MD is 2 cars per household.

Housing & Living

The median property value in Severna park, MD was $533.5K in 2018, which is 4.65 times larger than the national average of $229,700. Between 2017 and 2018 the median property value increased from $994,400 to
$1.07M, a 7.48% increae. The homeownership rate in Severna park, MD is 59%, which is lower than the national average of 63.9%. People in Severna park, MD have an average commute time of 29.78 minutes, and they
commute by Drove Alone. Car ownership in Severna park, MD is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $533.5K 2018 median ± $139,754
  • $520,100 2017 Median ± $132,310

In 2018, the median propery value in Severna park, MD grew to $533.5K from the previous year's value of $520100.

The following charts display, first, the property values in Severna park, MD compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Severna park, MD the largest share of households have a property value in the N/A range.

economy

In 2018, Severna park, MD had a population of $38.6K people with a median age of 42.7 and a median household income of $139,754. Between 2017 and 2018 thepopulation of Severna park, MD grew from 38,725 to 38,576, a 0% increase and its mediam household income grew from $132,310 to $139,754, a 5.3265% increase.
The 5 largest ethnic groups in Severna park, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Severna park, MD speak a non-English language, and 0% are U.S. citizens.
The median property value in Severna park, MD is $533.5K, and the homeownership rate is 59%. Most people in Severna park, MD commute by Drove Alone, and the average commute time is 29.78 minutes. The average car ownership in Severna park, MD is 2 cars per household.

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