Pasadena, CA—91107
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 $1,281,000, with a year-over-year change of -0.3%. This indicates that home prices in Pasadena, CA are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,281,000 | -0.3% |
| Single Family | $1,334,000 | -0.9% |
| Condos | $679,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $556,000 | 0.0% |
2 Bed | $943,000 | -0.6% |
3 Bed | $1,304,000 | -1.3% |
4 Bed | $1,725,000 | -0.2% |
| 5 Bed | $2,535,000 | 0.0% |
% of Housing Stock
Rental Trends — Pasadena, CA
As of July '25, Rentcast reports the average rent in Pasadena, CA is $3,480, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Pasadena, CA is studios: $2,000, 1-bedrooms: $2,150, 2-bedrooms: $3,230, 3-bedrooms: $4,740, 4-bedrooms: $6,150. The most common rental property sizes in Pasadena, CA are 2-bedroom and 1-bedroom, accounting for 44.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,890 | $3,480 |
| Studio Rent | $1,750 | $2,000 |
| 1 Bed Rent | $2,150 | $2,150 |
| 2 Bed Rent | $3,200 | $3,230 |
| 3 Bed Rent | $4,500 | $4,740 |
| 4 Bed Rent | $6,500 | $6,150 |
% 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 increase of 3.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,580,000 | 20.0% |
Listing Count | 93 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 48 | 3.0% |
Demographics — Pasadena, CA
As of the latest ACS Survey released in 2023, Pasadena, CA has a population of 32,900, which has increased by 1.8% over the past 5 years. Pasadena, CA is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 58.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | 1.8% |
% Under 18 | 17.0% | -6.1% |
% Seniors | 20.6% | 12.0% |
% WFH | 23.3% | 375.5% |
% w/ College Degree | 58.9% | 7.5% |
As of the latest ACS Survey released in 2023, Pasadena, CA is a predominantly white area, with 36.3% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Pasadena, CA is hispanic, making up 28.8% of the population. Foreign-born residents account for 32.7% of the population in Pasadena, CA, and this percentage has increased by 3.2% 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 | 36.3% | -11.2% |
% Black | 4.6% | -23.3% |
% Hispanic | 28.8% | 11.6% |
% Asian | 25.3% | 3.7% |
% Foreign Born | 32.7% | 3.2% |
Mortgage and Risk — Pasadena, CA
According to HUD data as of 2023, there were 299 mortgage originations in Pasadena, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Pasadena, CA. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Pasadena, CA
As of 2024, the percent of homes in Pasadena, CA under the Section 8 program is 2.8%. 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 | 160 |
Total Units Section 8 | 131 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 82.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $2,150 | $2,360 |
| 2 Bedroom | -$220 | $3,200 | $2,980 |
| 3 Bedroom | -$710 | $4,500 | $3,790 |
| 4 Bedroom | -$2,300 | $6,500 | $4,200 |
Affordability — Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.4 |
| Median Home Price | $1,281,000 |
| Median Household Income | $125,000 |