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Severn town, NC

ZIP 27862 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27862

Median Home Value
$221,300
Median Rent
$510
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,422/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

36.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 27862 in Severn town, NC, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,422. That sits below the local median household income ($70,691), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.1%+25% vs US avg
x
Vacancy Rate
15.6%+51% vs US avg
x
Broadband Access
42.9%-51% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
63.5%+66% vs US avg
x
$221,300
Home Value
$510
Rent
1975
Year Built
1994
Moved In

Residents have lived here since ~1994 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached88.4%
  • 1-unit attached0.0%
  • 2-9 units0.9%
  • 10+ units0.0%
  • Mobile home & other10.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$221,300
Median rent$510
Owner-occupied82.1%
Vacant15.6%
Price-to-income3.1x
Est. income to buy$61,000