Pasadena, CA—91103
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 $1,047,000, with a year-over-year change of -1.3%. This indicates that home prices in Pasadena, CA 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 | $1,047,000 | -1.3% |
| Single Family | $1,109,000 | -1.8% |
| Condos | $808,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $686,000 | -1.7% |
2 Bed | $861,000 | -1.5% |
3 Bed | $1,073,000 | -2.0% |
4 Bed | $1,570,000 | -0.3% |
| 5 Bed | $2,438,000 | 1.1% |
% of Housing Stock
Rental Trends — Pasadena, CA
As of July '25, Rentcast reports the average rent in Pasadena, CA is $3,240, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Pasadena, CA is studios: $2,520, 1-bedrooms: $2,500, 2-bedrooms: $4,020, 3-bedrooms: $4,240. The most common rental property sizes in Pasadena, CA are 2-bedroom and 1-bedroom, accounting for 36.1% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,010 | $3,240 |
| Studio Rent | $2,300 | $2,520 |
| 1 Bed Rent | $2,520 | $2,500 |
| 2 Bed Rent | $4,020 | $4,020 |
| 3 Bed Rent | $4,450 | $4,240 |
| 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 57. This is a increase of 11.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,280,000 | 10.0% |
Listing Count | 46 | 31.0% |
| Listings as % of Homes | 0.3% | 31.0% |
Days on Market | 57 | 11.0% |
Demographics — Pasadena, CA
As of the latest ACS Survey released in 2023, Pasadena, CA has a population of 24,900, which has decreased by -12.4% over the past 5 years. Pasadena, CA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | -12.4% |
% Under 18 | 20.4% | -9.3% |
% Seniors | 17.7% | 24.6% |
% WFH | 18.5% | 213.6% |
% w/ College Degree | 37.7% | 15.3% |
As of the latest ACS Survey released in 2023, Pasadena, CA is a predominantly hispanic area, with 45.1% of the population identifying as hispanic. The hispanic population has shrunk by 16.0% in the last 5 years. The second most common race or ethnicity in Pasadena, CA is white, making up 23.8% of the population. Foreign-born residents account for 29.6% of the population in Pasadena, CA, and this percentage has decreased by 8.4% 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 | 23.8% | 23.3% |
% Black | 15.1% | -13.7% |
% Hispanic | 45.1% | -16.0% |
% Asian | 12.5% | 66.7% |
% Foreign Born | 29.6% | -8.4% |
Mortgage and Risk — Pasadena, CA
According to HUD data as of 2023, there were 300 mortgage originations in Pasadena, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Pasadena, CA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 300 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 | 1,088 |
Total Units Section 8 | 955 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$520 | $2,520 | $2,000 |
| 2 Bedroom | -$1,500 | $4,020 | $2,520 |
| 3 Bedroom | -$1,250 | $4,450 | $3,200 |
| 4 Bedroom | N/A | N/A | $3,550 |
Affordability — Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.4 |
| Median Home Price | $1,047,000 |
| Median Household Income | $84,700 |