Pasadena, CA—91105
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 $1,743,000, with a year-over-year change of 2.3%. This indicates that home prices in Pasadena, CA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,743,000 | 2.3% |
| Single Family | $2,023,000 | 2.6% |
| Condos | $1,152,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $706,000 | -1.9% |
2 Bed | $1,224,000 | 1.0% |
3 Bed | $1,821,000 | 2.5% |
4 Bed | $2,623,000 | 4.6% |
| 5 Bed | $3,759,000 | 5.7% |
% of Housing Stock
Rental Trends — Pasadena, CA
As of July '25, Rentcast reports the average rent in Pasadena, CA is $4,370, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Pasadena, CA is studios: $2,680, 1-bedrooms: $2,910, 2-bedrooms: $4,400, 3-bedrooms: $6,610, 4-bedrooms: $6,000. The most common rental property sizes in Pasadena, CA are 2-bedroom and 1-bedroom, accounting for 38.8% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,770 | $4,370 |
| Studio Rent | $2,680 | $2,680 |
| 1 Bed Rent | $2,900 | $2,910 |
| 2 Bed Rent | $3,900 | $4,400 |
| 3 Bed Rent | $6,370 | $6,610 |
| 4 Bed Rent | $6,000 | $6,000 |
% 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 41. This is a increase of 4.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,600,000 | -5.0% |
Listing Count | 71 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 41 | 4.0% |
Demographics — Pasadena, CA
As of the latest ACS Survey released in 2023, Pasadena, CA has a population of 12,500, which has increased by 2.9% over the past 5 years. Pasadena, CA is a less popular place for families, as children make up 13.4% of the population. The area has a highly educated workforce, with 73.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 36.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 2.9% |
% Under 18 | 13.4% | -23.9% |
% Seniors | 26.6% | 1.5% |
% WFH | 36.1% | 292.4% |
% w/ College Degree | 73.3% | 6.2% |
As of the latest ACS Survey released in 2023, Pasadena, CA is a predominantly white area, with 55.3% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Pasadena, CA is asian, making up 18.7% of the population. Foreign-born residents account for 21.6% of the population in Pasadena, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.3% | -1.8% |
% Black | 2.9% | -49.1% |
% Hispanic | 15.6% | 9.9% |
% Asian | 18.7% | 0.0% |
% Foreign Born | 21.6% | 0.0% |
Mortgage and Risk — Pasadena, CA
According to HUD data as of 2023, there were 149 mortgage originations in Pasadena, CA, of which 99.0% 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 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 149 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Pasadena, CA
As of 2024, the percent of homes in Pasadena, CA under the Section 8 program is 5.9%. 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, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $2,900 | $3,120 |
| 2 Bedroom | $40 | $3,900 | $3,940 |
| 3 Bedroom | -$1,360 | $6,370 | $5,010 |
| 4 Bedroom | -$450 | $6,000 | $5,550 |
Affordability — Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10 |
| Median Home Price | $1,743,000 |
| Median Household Income | $157,000 |