Pasadena, TX—77506
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pasadena, TX
As of Oct '25, the median home price in Pasadena, TX is $161,000, with a year-over-year change of -7.4%. This indicates that home prices in Pasadena, TX are decreasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | -7.4% |
| Single Family | $161,000 | -7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $136,000 | -9.3% |
3 Bed | $170,000 | -7.1% |
4 Bed | $195,000 | -5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pasadena, TX
As of July '25, Rentcast reports the average rent in Pasadena, TX is $1,340, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Pasadena, TX is studios: $725, 1-bedrooms: $885, 2-bedrooms: $1,190, 3-bedrooms: $1,650, 4-bedrooms: $2,030. The most common rental property sizes in Pasadena, TX are 2-bedroom and 1-bedroom, accounting for 45.8% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,340 |
| Studio Rent | $725 | $725 |
| 1 Bed Rent | $750 | $885 |
| 2 Bed Rent | $1,200 | $1,190 |
| 3 Bed Rent | $1,680 | $1,650 |
| 4 Bed Rent | $2,000 | $2,030 |
% of Rental Stock
Property Listings — Pasadena, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Pasadena, TX is 54. This is a increase of 32.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $213,000 | 0.0% |
Listing Count | 61 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 54 | 32.0% |
Demographics — Pasadena, TX
As of the latest ACS Survey released in 2023, Pasadena, TX has a population of 35,200, which has decreased by -8.6% over the past 5 years. Pasadena, TX is a popular place for families, as children make up 31.9% of the population. The area has a poorly educated workforce, with 4.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | -8.6% |
% Under 18 | 31.9% | -6.2% |
% Seniors | 7.5% | 8.7% |
% WFH | 7.2% | 105.7% |
% w/ College Degree | 4.8% | 14.3% |
As of the latest ACS Survey released in 2023, Pasadena, TX is a predominantly hispanic area, with 88.6% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Pasadena, TX is white, making up 9.4% of the population. Foreign-born residents account for 39.1% of the population in Pasadena, TX, and this percentage has increased by 7.4% 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 | 9.4% | 11.9% |
% Black | 1.4% | -6.7% |
% Hispanic | 88.6% | -0.9% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 39.1% | 7.4% |
Mortgage and Risk — Pasadena, TX
According to HUD data as of 2023, there were 155 mortgage originations in Pasadena, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Pasadena, TX. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 155 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pasadena, TX
As of 2024, the percent of homes in Pasadena, TX under the Section 8 program is 5.4%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Pasadena, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 345 |
Total Units Section 8 | 345 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 94.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $750 | $1,020 |
| 2 Bedroom | $20 | $1,200 | $1,220 |
| 3 Bedroom | -$50 | $1,680 | $1,630 |
| 4 Bedroom | $50 | $2,000 | $2,050 |
Affordability — Pasadena, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $161,000 |
| Median Household Income | $50,000 |