Pasadena, CA—91101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pasadena, CA
As of Oct '25, the median home price in Pasadena, CA is $775,000, with a year-over-year change of -2.5%. This indicates that home prices in Pasadena, CA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $775,000 | -2.5% |
| Single Family | $936,000 | -3.1% |
| Condos | $733,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $562,000 | -4.7% |
2 Bed | $778,000 | -3.6% |
3 Bed | $1,039,000 | -2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pasadena, CA
As of July '25, Rentcast reports the average rent in Pasadena, CA is $2,840, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Pasadena, CA is studios: $2,160, 1-bedrooms: $2,490, 2-bedrooms: $3,760, 3-bedrooms: $3,930. The most common rental property sizes in Pasadena, CA are 1-bedroom and 2-bedroom, accounting for 48.9% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,840 |
| Studio Rent | $2,180 | $2,160 |
| 1 Bed Rent | $2,400 | $2,490 |
| 2 Bed Rent | $3,570 | $3,760 |
| 3 Bed Rent | $4,200 | $3,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pasadena, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pasadena, CA is 85. This is a increase of 67.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $989,000 | 24.0% |
Listing Count | 66 | 34.0% |
| Listings as % of Homes | 0.3% | 34.0% |
Days on Market | 85 | 67.0% |
Demographics — Pasadena, CA
As of the latest ACS Survey released in 2023, Pasadena, CA has a population of 20,800, which has decreased by -2.7% over the past 5 years. Pasadena, CA is a less popular place for families, as children make up 10.1% of the population. The area has a highly educated workforce, with 62.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | -2.7% |
% Under 18 | 10.1% | -26.3% |
% Seniors | 15.5% | 9.2% |
% WFH | 22.9% | 201.3% |
% w/ College Degree | 62.7% | 5.6% |
As of the latest ACS Survey released in 2023, Pasadena, CA is a predominantly white area, with 37.9% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Pasadena, CA is hispanic, making up 27.4% of the population. Foreign-born residents account for 29.7% of the population in Pasadena, CA, and this percentage has decreased by 10.0% 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 | 37.9% | 1.9% |
% Black | 7.1% | 4.4% |
% Hispanic | 27.4% | -6.5% |
% Asian | 22.5% | -7.8% |
% Foreign Born | 29.7% | -10.0% |
Mortgage and Risk — Pasadena, CA
According to HUD data as of 2023, there were 131 mortgage originations in Pasadena, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Pasadena, CA. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 131 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pasadena, CA
Pasadena, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 774 |
Total Units Section 8 | 774 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $2,400 | $2,700 |
| 2 Bedroom | -$160 | $3,570 | $3,410 |
| 3 Bedroom | $130 | $4,200 | $4,330 |
| 4 Bedroom | N/A | N/A | $4,800 |
Affordability — Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $775,000 |
| Median Household Income | $94,200 |