Pasadena, CA—91106
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 $920,000, with a year-over-year change of -1.2%. 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 | $920,000 | -1.3% |
| Single Family | $1,445,000 | 1.5% |
| Condos | $707,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $533,000 | -3.4% |
2 Bed | $761,000 | -2.6% |
3 Bed | $1,222,000 | -0.7% |
4 Bed | $2,478,000 | 4.7% |
| 5 Bed | $3,832,000 | 5.5% |
% of Housing Stock
Rental Trends — Pasadena, CA
As of July '25, Rentcast reports the average rent in Pasadena, CA is $3,220, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Pasadena, CA is studios: $2,090, 1-bedrooms: $2,230, 2-bedrooms: $3,360, 3-bedrooms: $4,290, 4-bedrooms: $9,900. The most common rental property sizes in Pasadena, CA are 2-bedroom and 1-bedroom, accounting for 47.8% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,220 |
| Studio Rent | $1,850 | $2,090 |
| 1 Bed Rent | $2,110 | $2,230 |
| 2 Bed Rent | $3,300 | $3,360 |
| 3 Bed Rent | $4,350 | $4,290 |
| 4 Bed Rent | $9,900 | $9,900 |
% 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 64. This is a increase of 27.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $910,000 | -20.0% |
Listing Count | 61 | 15.0% |
| Listings as % of Homes | 0.3% | 15.0% |
Days on Market | 64 | 27.0% |
Demographics — Pasadena, CA
As of the latest ACS Survey released in 2023, Pasadena, CA has a population of 23,200, which has decreased by -8.5% over the past 5 years. Pasadena, CA is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 63.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | -8.5% |
% Under 18 | 15.4% | -7.8% |
% Seniors | 11.8% | -7.1% |
% WFH | 25.2% | 189.7% |
% w/ College Degree | 63.2% | 3.8% |
As of the latest ACS Survey released in 2023, Pasadena, CA is a predominantly white area, with 37.0% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Pasadena, CA is hispanic, making up 31.4% of the population. Foreign-born residents account for 30.4% of the population in Pasadena, CA, and this percentage has increased by 6.3% 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 | 37.0% | 0.3% |
% Black | 5.0% | -32.4% |
% Hispanic | 31.4% | 10.2% |
% Asian | 20.7% | -10.0% |
% Foreign Born | 30.4% | 6.3% |
Mortgage and Risk — Pasadena, CA
According to HUD data as of 2023, there were 188 mortgage originations in Pasadena, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Pasadena, CA. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pasadena, CA
As of 2024, the percent of homes in Pasadena, CA under the Section 8 program is 3.5%. 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 | 322 |
Total Units Section 8 | 248 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $2,110 | $2,380 |
| 2 Bedroom | -$300 | $3,300 | $3,000 |
| 3 Bedroom | -$540 | $4,350 | $3,810 |
| 4 Bedroom | -$5,670 | $9,900 | $4,230 |
Affordability — Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.1 |
| Median Home Price | $920,000 |
| Median Household Income | $89,200 |