Market Overview
Home Prices in Severna Park, MD
The median home value in Severna Park, MD is $762,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Severna Park are priced86% above average. Severna Park is part of the Baltimore-Columbia-Towson, MD metro area.
Over the past five years, Severna Park home values have risen by approximately17.6%, reflecting steady appreciation in this market.
Price History
Severna Park Home Price Trend
City Comparison
Severna Park vs. National Median
At $762,573, homes in Severna Park cost 86% above the national median of $410,000. Buyers in Severna Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Severna Park?
20% Down Payment
$152,515
on $762,573
Monthly P&I
$3,977/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,051/mo
incl. taxes & insurance
Income Needed
$202,040
gross annual (30% rule)
10% Down Option
$76,257
+ PMI applies
Loan Amount (20% dn)
$610,058
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Severna Park, MD?
The median home value in Severna Park is $762,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Severna Park?
Over the past year, home values in Severna Park have increased by 2.5%. Over five years, prices have risen approximately 17.6%.
How much do I need to earn to buy a home in Severna Park?
To comfortably afford the median home price of $762,573 with a 20% down payment ($152,515) at today's rates (6.8%), you'd need a gross annual income of approximately $202,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Severna Park compare to the national average home price?
The national median home value is approximately $410,000. At $762,573, homes in Severna Park are 86% above the national average.
What metro area is Severna Park part of?
Severna Park is part of the Baltimore-Columbia-Towson, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.