Pasadena, TX—77502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pasadena, TX
As of Oct '25, the median home price in Pasadena, TX is $203,000, with a year-over-year change of -5.1%. This indicates that home prices in Pasadena, TX are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | -5.1% |
| Single Family | $203,000 | -5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | -8.4% |
3 Bed | $198,000 | -5.7% |
4 Bed | $235,000 | -4.5% |
| 5 Bed | $273,000 | -3.5% |
% of Housing Stock
Rental Trends — Pasadena, TX
As of July '25, Rentcast reports the average rent in Pasadena, TX is $1,580, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Pasadena, TX is 1-bedrooms: $764, 2-bedrooms: $1,290, 3-bedrooms: $1,780, 4-bedrooms: $1,930. The most common rental property sizes in Pasadena, TX are 2-bedroom and 3-bedroom, accounting for 33.6% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $764 |
| 2 Bed Rent | $1,280 | $1,290 |
| 3 Bed Rent | $1,850 | $1,780 |
| 4 Bed Rent | $1,850 | $1,930 |
% of Rental Stock
Property Listings — Pasadena, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Pasadena, TX is 66. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $243,000 | -8.0% |
Listing Count | 73 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 66 | 39.0% |
Demographics — Pasadena, TX
As of the latest ACS Survey released in 2023, Pasadena, TX has a population of 36,100, which has decreased by -5.6% over the past 5 years. Pasadena, TX is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 9.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | -5.6% |
% Under 18 | 30.6% | -1.9% |
% Seniors | 10.3% | 15.7% |
% WFH | 6.2% | 51.2% |
% w/ College Degree | 9.7% | 40.6% |
As of the latest ACS Survey released in 2023, Pasadena, TX is a predominantly hispanic area, with 83.2% of the population identifying as hispanic. The hispanic population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Pasadena, TX is white, making up 11.6% of the population. Foreign-born residents account for 30.3% of the population in Pasadena, TX, and this percentage has increased by 3.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 11.6% | -26.1% |
% Black | 4.1% | 105.0% |
% Hispanic | 83.2% | 3.4% |
% Asian | 0.4% | -55.6% |
% Foreign Born | 30.3% | 3.4% |
Mortgage and Risk — Pasadena, TX
According to HUD data as of 2023, there were 223 mortgage originations in Pasadena, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Pasadena, TX. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 223 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Pasadena, TX
As of 2024, the percent of homes in Pasadena, TX under the Section 8 program is 6.2%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Pasadena, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 312 |
Total Units Section 8 | 249 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $750 | $1,130 |
| 2 Bedroom | $70 | $1,280 | $1,350 |
| 3 Bedroom | -$50 | $1,850 | $1,800 |
| 4 Bedroom | $420 | $1,850 | $2,270 |
Affordability — Pasadena, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $203,000 |
| Median Household Income | $59,300 |