Total monthly cost of ownership
Cost to Own a Home in Arden on the Severn, Maryland
A $476,000 home here costs
$3,547per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,447. The real number is $1,099 higher every month — 45% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Arden on the Severn against Anne Arundel County and Maryland
| Measure | Arden on the Severn | Anne Arundel County |
|---|---|---|
| Median home value | $475,600 | $450,300 |
| Median property tax | $3,840 | $3,836 |
| Effective tax rate | 0.807% | 0.852% |
| Median gross rent | — | $1,990 |
| Population | 1,691 | 590,936 |
The weather behind that power bill
Arden on the Severn sits in Anne Arundel County, which averages a high of 86.0°F in its hottest month and a low of 29.8°F in its coldest, with 43.99" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,436 cooling and 4,062 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Anne Arundel County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Anne Arundel County
Full Anne Arundel County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Arden on the Severn?
A $476,000 home in Arden on the Severn, Maryland costs approximately $3,547 per month with 20% down at 6.66%. That is $2,447 principal and interest, $320 property tax, $119 homeowners insurance, $264 utilities and $397 set aside for maintenance.
What is the property tax rate in Arden on the Severn?
Arden on the Severn has an effective property tax rate of 0.807%, based on a median home value of $475,600 and median real estate taxes of $3,840. That is lower than the Anne Arundel County average of 0.852%.
What is the average home price in Arden on the Severn?
The median owner-occupied home value in Arden on the Severn, Maryland is $475,600, against $450,300 across Anne Arundel County.
Is it cheaper to rent or buy in Arden on the Severn?
Rent data is not published for Arden on the Severn at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Arden on the Severn — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Maryland.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.