Property prices for rent in Severn (Maryland)

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

$2,195.17
Average price last 6 months
$1.76
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Severn has fallen during the last 6 months. In September, the average price per sq.feet was $1.86. In October this price barely changed remaining at $1.8 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.83 to $1.78 per sq.feet. The price per sq.feet has fallen 92 % 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 $1.81 to $1.66 during January, and February.

Average price

When referring to the price in Severn (cities), this has risen in the last 6 months. The rent price in September is $2,042, rising in October till $2,155. During the following two months (November, December) the price has had an average rise from $2,098.5 to $2,303.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,201 and $2,183.5 between January and February.

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 $2,257 they are 26 % more affordable than the average price for Severn . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,419.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.51 / sq.feet, with an average $1.68 / sq.feet price in Severn. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.85 / 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 $2,257 it is 22 % more affordable than the average price in Severn. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,180 it is 10 % 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 $1.63 / sq.feet followed by "Townhouse" priced at $1.76 / sq.feet. "Apartment" is the most expensive type of property with a $2.03 / sq.feet value followed by "Townhouse" with an average price of $1.76 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Severn
Number of properties used in region Maryland
$2,257
$1.68
1,300
290,730
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value