Pasadena, MD—21122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pasadena, MD
As of Oct '25, the median home price in Pasadena, MD is $449,000, with a year-over-year change of 1.7%. This indicates that home prices in Pasadena, MD are increasing. 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 | $449,000 | 1.7% |
| Single Family | $453,000 | 1.3% |
| Condos | $259,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | 1.8% |
3 Bed | $428,000 | 1.2% |
4 Bed | $534,000 | 1.7% |
| 5 Bed | $721,000 | 1.5% |
% of Housing Stock
Rental Trends — Pasadena, MD
As of July '25, Rentcast reports the average rent in Pasadena, MD is $2,650, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Pasadena, MD is 1-bedrooms: $1,640, 2-bedrooms: $2,180, 3-bedrooms: $3,000, 4-bedrooms: $3,100. The most common rental property sizes in Pasadena, MD are 3-bedroom and 2-bedroom, accounting for 37.2% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,640 |
| 2 Bed Rent | $2,100 | $2,180 |
| 3 Bed Rent | $2,800 | $3,000 |
| 4 Bed Rent | $3,000 | $3,100 |
% of Rental Stock
Property Listings — Pasadena, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Pasadena, MD is 34. This is a increase of 23.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $511,000 | 3.0% |
Listing Count | 179 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 34 | 23.0% |
Demographics — Pasadena, MD
As of the latest ACS Survey released in 2023, Pasadena, MD has a population of 61,600, which has increased by 1.9% over the past 5 years. Pasadena, MD is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,600 | 1.9% |
% Under 18 | 21.4% | -3.6% |
% Seniors | 14.8% | 11.3% |
% WFH | 14.4% | 220.0% |
% w/ College Degree | 31.6% | 11.3% |
As of the latest ACS Survey released in 2023, Pasadena, MD is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Pasadena, MD is black, making up 7.1% of the population. Foreign-born residents account for 4.3% of the population in Pasadena, MD, 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 | 80.5% | -5.4% |
% Black | 7.1% | 7.6% |
% Hispanic | 4.6% | 31.4% |
% Asian | 1.9% | -13.6% |
% Foreign Born | 4.3% | 0.0% |
Mortgage and Risk — Pasadena, MD
According to HUD data as of 2023, there were 1189 mortgage originations in Pasadena, MD, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Pasadena, MD. Investor activity is low, as 1.0% 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 | 1,189 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Pasadena, MD
As of 2024, the percent of homes in Pasadena, MD under the Section 8 program is 10.1%. 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. In Pasadena, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 334 |
Total Units Section 8 | 334 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,600 | $2,030 |
| 2 Bedroom | $390 | $2,100 | $2,490 |
| 3 Bedroom | $400 | $2,800 | $3,200 |
| 4 Bedroom | $580 | $3,000 | $3,580 |
Affordability — Pasadena, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $449,000 |
| Median Household Income | $122,000 |