Pasadena, CA—91104
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 $1,192,000, with a year-over-year change of -1.1%. This indicates that home prices in Pasadena, CA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,192,000 | -1.1% |
| Single Family | $1,208,000 | -1.9% |
| Condos | $675,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $775,000 | -3.4% |
2 Bed | $998,000 | -2.3% |
3 Bed | $1,261,000 | -1.9% |
4 Bed | $1,493,000 | -0.9% |
| 5 Bed | $1,642,000 | -1.4% |
% of Housing Stock
Rental Trends — Pasadena, CA
As of July '25, Rentcast reports the average rent in Pasadena, CA is $3,840, with a year-over-year rent change of 21.9%. Per bedroom, the median rent as of July '25 in Pasadena, CA is studios: $1,780, 1-bedrooms: $2,060, 2-bedrooms: $3,160, 3-bedrooms: $5,040, 4-bedrooms: $6,520. The most common rental property sizes in Pasadena, CA are 2-bedroom and 1-bedroom, accounting for 38.0% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,680 | $3,840 |
| Studio Rent | $1,780 | $1,780 |
| 1 Bed Rent | $2,100 | $2,060 |
| 2 Bed Rent | $2,900 | $3,160 |
| 3 Bed Rent | $5,280 | $5,040 |
| 4 Bed Rent | $6,500 | $6,520 |
% 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 48. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,490,000 | -2.0% |
Listing Count | 51 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 48 | -1.0% |
Demographics — Pasadena, CA
As of the latest ACS Survey released in 2023, Pasadena, CA has a population of 35,600, which has decreased by -6.3% over the past 5 years. Pasadena, CA is a moderately popular place for families, as children make up 19.4% of the population. The area has a highly educated workforce, with 51.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,600 | -6.3% |
% Under 18 | 19.4% | -10.2% |
% Seniors | 16.5% | 13.8% |
% WFH | 21.3% | 187.8% |
% w/ College Degree | 51.3% | 20.1% |
As of the latest ACS Survey released in 2023, Pasadena, CA is a predominantly hispanic area, with 38.9% of the population identifying as hispanic. The hispanic population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Pasadena, CA is white, making up 38.3% of the population. Foreign-born residents account for 30.1% of the population in Pasadena, CA, and this percentage has decreased by 1.0% 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 | 38.3% | -4.0% |
% Black | 6.8% | -24.4% |
% Hispanic | 38.9% | 1.8% |
% Asian | 10.3% | -1.9% |
% Foreign Born | 30.1% | -1.0% |
Mortgage and Risk — Pasadena, CA
According to HUD data as of 2023, there were 332 mortgage originations in Pasadena, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Pasadena, CA. Investor activity is low, as 7.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 332 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Pasadena, CA
As of 2024, the percent of homes in Pasadena, CA under the Section 8 program is 11.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Pasadena, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 662 |
Total Units Section 8 | 612 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 81.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $2,100 | $2,120 |
| 2 Bedroom | -$230 | $2,900 | $2,670 |
| 3 Bedroom | -$1,890 | $5,280 | $3,390 |
| 4 Bedroom | -$2,740 | $6,500 | $3,760 |
Affordability — Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $1,192,000 |
| Median Household Income | $103,000 |