Pasadena, TX—77505
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 $310,000, with a year-over-year change of -2.1%. This indicates that home prices in Pasadena, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | -2.1% |
| Single Family | $310,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | -1.7% |
3 Bed | $274,000 | -2.5% |
4 Bed | $365,000 | -1.6% |
| 5 Bed | $423,000 | -2.5% |
% of Housing Stock
Rental Trends — Pasadena, TX
As of July '25, Rentcast reports the average rent in Pasadena, TX is $1,850, with a year-over-year rent change of -13.6%. Per bedroom, the median rent as of July '25 in Pasadena, TX is 1-bedrooms: $1,230, 2-bedrooms: $1,650, 3-bedrooms: $2,150, 4-bedrooms: $2,250. The most common rental property sizes in Pasadena, TX are 2-bedroom and 1-bedroom, accounting for 40.3% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,210 | $1,230 |
| 2 Bed Rent | $1,670 | $1,650 |
| 3 Bed Rent | $2,200 | $2,150 |
| 4 Bed Rent | $2,300 | $2,250 |
% 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 65. This is a increase of 57.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | -1.0% |
Listing Count | 65 | 24.0% |
| Listings as % of Homes | 0.5% | 24.0% |
Days on Market | 65 | 57.0% |
Demographics — Pasadena, TX
As of the latest ACS Survey released in 2023, Pasadena, TX has a population of 23,700, which has decreased by -1.4% over the past 5 years. Pasadena, TX is a popular place for families, as children make up 27.6% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | -1.4% |
% Under 18 | 27.6% | 14.5% |
% Seniors | 11.8% | 3.5% |
% WFH | 11.3% | 253.1% |
% w/ College Degree | 30.1% | 28.1% |
As of the latest ACS Survey released in 2023, Pasadena, TX is a predominantly hispanic area, with 47.0% of the population identifying as hispanic. The hispanic population has grown by 11.6% in the last 5 years. The second most common race or ethnicity in Pasadena, TX is white, making up 44.7% of the population. Foreign-born residents account for 12.2% of the population in Pasadena, TX, and this percentage has increased by 1.7% 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 | 44.7% | -13.0% |
% Black | 2.7% | 50.0% |
% Hispanic | 47.0% | 11.6% |
% Asian | 4.0% | 73.9% |
% Foreign Born | 12.2% | 1.7% |
Mortgage and Risk — Pasadena, TX
According to HUD data as of 2023, there were 248 mortgage originations in Pasadena, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 40.0% 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. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 248 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Pasadena, TX
As of 2024, the percent of homes in Pasadena, TX under the Section 8 program is 0.2%. 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. In Pasadena, TX, 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 | 20 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,210 | $1,420 |
| 2 Bedroom | $30 | $1,670 | $1,700 |
| 3 Bedroom | $70 | $2,200 | $2,270 |
| 4 Bedroom | $550 | $2,300 | $2,850 |
Affordability — Pasadena, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $310,000 |
| Median Household Income | $94,600 |