Pasadena, TX—77504
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 $263,000, with a year-over-year change of -2.0%. This indicates that home prices in Pasadena, TX are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | -2.0% |
| Single Family | $270,000 | -2.2% |
| Condos | $96,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | -10.5% |
2 Bed | $141,000 | -7.8% |
3 Bed | $249,000 | -2.7% |
4 Bed | $328,000 | -1.5% |
| 5 Bed | $389,000 | -2.0% |
% of Housing Stock
Rental Trends — Pasadena, TX
As of July '25, Rentcast reports the average rent in Pasadena, TX is $1,350, with a year-over-year rent change of -11.8%. Per bedroom, the median rent as of July '25 in Pasadena, TX is 1-bedrooms: $885, 2-bedrooms: $1,260, 3-bedrooms: $1,840, 4-bedrooms: $2,540. The most common rental property sizes in Pasadena, TX are 2-bedroom and 1-bedroom, accounting for 44.5% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $871 | $885 |
| 2 Bed Rent | $1,250 | $1,260 |
| 3 Bed Rent | $1,850 | $1,840 |
| 4 Bed Rent | $2,380 | $2,540 |
% 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 61. This is a increase of 22.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | -8.0% |
Listing Count | 61 | 60.0% |
| Listings as % of Homes | 0.3% | 60.0% |
Days on Market | 61 | 22.0% |
Demographics — Pasadena, TX
As of the latest ACS Survey released in 2023, Pasadena, TX has a population of 25,800, which has increased by 7.9% over the past 5 years. Pasadena, TX is a popular place for families, as children make up 29.9% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,800 | 7.9% |
% Under 18 | 29.9% | 3.1% |
% Seniors | 13.9% | 25.2% |
% WFH | 8.1% | 131.4% |
% w/ College Degree | 16.5% | 2.5% |
As of the latest ACS Survey released in 2023, Pasadena, TX is a predominantly hispanic area, with 66.1% of the population identifying as hispanic. The hispanic population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in Pasadena, TX is white, making up 24.8% of the population. Foreign-born residents account for 21.6% of the population in Pasadena, TX, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 24.8% | -11.1% |
% Black | 6.2% | 1.6% |
% Hispanic | 66.1% | 7.5% |
% Asian | 1.7% | -48.5% |
% Foreign Born | 21.6% | -5.3% |
Mortgage and Risk — Pasadena, TX
According to HUD data as of 2023, there were 152 mortgage originations in Pasadena, TX, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Pasadena, TX. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 152 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Pasadena, TX
As of 2024, the percent of homes in Pasadena, TX under the Section 8 program is 9.0%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 479 |
Total Units Section 8 | 479 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $279 | $871 | $1,150 |
| 2 Bedroom | $120 | $1,250 | $1,370 |
| 3 Bedroom | -$20 | $1,850 | $1,830 |
| 4 Bedroom | -$80 | $2,380 | $2,300 |
Affordability — Pasadena, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $263,000 |
| Median Household Income | $52,800 |