Pasadena, MD 21122 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pasadena, MD—21122

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$462,000

0.0% YoY Growth

Household Income

$122,000

25.4% YoY Growth

Days on Market

13.0% Shorter YoY

Home Price Forecast

-0.8%

Median Rent

$2,600

3.3% YoY Growth

1-Bed Rent

$1,600

17.1% YoY Growth

2-Bed Rent

$2,100

3.3% YoY Growth

3-Bed Rent

$2,800

7.1% YoY Growth

Home Price Trends — Pasadena, MD

As of May '26, the median home price in Pasadena, MD is $462,000, with a year-over-year change of 0.0%. This indicates that home prices in Pasadena, MD are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$462,000	0.0%
Single Family	$468,000	0.2%
Condos	$282,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pasadena, MD

As of July '25, Rentcast reports the average rent in Pasadena, MD is $2,650, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Pasadena, MD is 1-bedrooms: $1,640, 2-bedrooms: $2,180, 3-bedrooms: $3,000, 4-bedrooms: $3,100. The most common rental property sizes in Pasadena, MD are 3-bedroom and 2-bedroom, accounting for 37.2% and 29.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,650
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,640
2 Bed Rent	$2,100	$2,180
3 Bed Rent	$2,800	$3,000
4 Bed Rent	$3,000	$3,100

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% of Rental Stock

Studio

5.7%

1 Bedroom

14.8%

2 Bedrooms

29.9%

3 Bedrooms

37.2%

4 Bedrooms

11.8%

5+ Bedrooms

0.5%

Property Listings — Pasadena, MD

As of May '26, Realtor.com reports that the median days on market for a home in Pasadena, MD is 22. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$530,000	8.0%
Listing Count	206	-15.0%
Listings as % of Homes	0.5%	-15.0%
Days on Market	22	-13.0%

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Demographics — Pasadena, MD

As of the latest ACS Survey released in 2023, Pasadena, MD has a population of 61,600, which has increased by 1.9% over the past 5 years. Pasadena, MD is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	61,600	1.9%
% Under 18	21.4%	-3.6%
% Seniors	14.8%	11.3%
% WFH	14.4%	220.0%
% w/ College Degree	31.6%	11.3%

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As of the latest ACS Survey released in 2023, Pasadena, MD is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Pasadena, MD is black, making up 7.1% of the population. Foreign-born residents account for 4.3% of the population in Pasadena, MD, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	80.5%	-5.4%
% Black	7.1%	7.6%
% Hispanic	4.6%	31.4%
% Asian	1.9%	-13.6%
% Foreign Born	4.3%	0.0%

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Mortgage and Risk — Pasadena, MD

According to HUD data as of 2023, there were 1189 mortgage originations in Pasadena, MD, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Pasadena, MD. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,189
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Pasadena, MD

As of 2024, the percent of homes in Pasadena, MD under the Section 8 program is 10.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pasadena, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	334
Total Units Section 8	334
% Rentals under Section 8	10.1%
% Occupied Section 8	78.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$430	$1,600	$2,030
2 Bedroom	$390	$2,100	$2,490
3 Bedroom	$400	$2,800	$3,200
4 Bedroom	$580	$3,000	$3,580

Pasadena, MD—21122

Key Metrics at a Glance

Home Price Trends — Pasadena, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pasadena, MD

% of Rental Stock

Property Listings — Pasadena, MD

Demographics — Pasadena, MD

Race and Ethnicity

Mortgage and Risk — Pasadena, MD

Mortgages

Rentals and Section 8 — Pasadena, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Pasadena, MD

Home Price to Income Ratio

Pasadena, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Severna Park, MD

Arnold, MD

Gibson Island

Glen Burnie, MD

Nottingham

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$462,000
Median Household Income	$122,000

Pasadena, MD—21122

Key Metrics at a Glance

Home Price Trends — Pasadena, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pasadena, MD

% of Rental Stock

Property Listings — Pasadena, MD

Demographics — Pasadena, MD

Race and Ethnicity

Mortgage and Risk — Pasadena, MD

Mortgages

Rentals and Section 8 — Pasadena, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Pasadena, MD

Home Price to Income Ratio

Pasadena, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Severna Park, MD

Arnold, MD

Gibson Island

Glen Burnie, MD

Nottingham

Frequently Asked Questions

What is the average home price in Pasadena, MD 21122?

How have home prices in Pasadena, MD 21122 changed over the past year?

What is the home price projection for Pasadena, MD 21122?

What are the demographics of Pasadena, MD 21122?

How long does it take homes to sell in Pasadena, MD 21122?

What is the average rent price in Pasadena, MD 21122?