Property prices for rent in Severn (Maryland)

The rent prices in real estate in Severn, in the Maryland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Severn has had a strong fall during the last 6 months. In June, the average price per sq.feet was $12.58. In the following month the price per sq.feet fell considerably to $1.34. The price for the following two months in (August, September) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 34 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.21 to $1.41 during October, and November.

Average price

When referring to the price in Severn (cities), this has risen in the last 6 months. In our first sample month during June, the average price is $1,574. In July This price remains at $1,631. During the following two months (August, September) the price has had an average rise from $1,602.5 to $1,780. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,796 they are 8 % more affordable than the average price for Severn . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,778.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.39 / sq.feet price in Severn. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.57 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,796 it is 26 % more affordable than the average price in Severn. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,840 it is 15 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.15 / sq.feet followed by "Townhouse" priced at $1.28 / sq.feet. "Apartment" is the most expensive type of property with a $1.62 / sq.feet value followed by "Townhouse" with an average price of $1.28 / sq.feet.

Charts data
Average price November
Average price per sq.feet November
Number of properties used in Severn
Number of properties used in region Maryland
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value