South Pasadena, CA—91030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Pasadena, CA
As of Oct '25, the median home price in South Pasadena, CA is $1,637,000, with a year-over-year change of 1.3%. This indicates that home prices in South Pasadena, CA are increasing. 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 | $1,637,000 | 1.3% |
| Single Family | $1,779,000 | 1.6% |
| Condos | $831,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $760,000 | -0.9% |
2 Bed | $1,098,000 | 0.7% |
3 Bed | $1,614,000 | 1.4% |
4 Bed | $2,151,000 | 1.2% |
| 5 Bed | $2,662,000 | -0.3% |
% of Housing Stock
Rental Trends — South Pasadena, CA
As of July '25, Rentcast reports the average rent in South Pasadena, CA is $3,030, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in South Pasadena, CA is studios: $2,110, 1-bedrooms: $2,500, 2-bedrooms: $3,620, 3-bedrooms: $4,410, 4-bedrooms: $5,500. The most common rental property sizes in South Pasadena, CA are 2-bedroom and 1-bedroom, accounting for 38.1% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,030 |
| Studio Rent | $1,800 | $2,110 |
| 1 Bed Rent | $2,550 | $2,500 |
| 2 Bed Rent | $3,600 | $3,620 |
| 3 Bed Rent | $4,700 | $4,410 |
| 4 Bed Rent | $5,500 | $5,500 |
% of Rental Stock
Property Listings — South Pasadena, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Pasadena, CA is 54. This is a increase of 31.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,010,000 | 8.0% |
Listing Count | 39 | 7.0% |
| Listings as % of Homes | 0.2% | 7.0% |
Days on Market | 54 | 31.0% |
Demographics — South Pasadena, CA
As of the latest ACS Survey released in 2023, South Pasadena, CA has a population of 26,300, which has increased by 2.0% over the past 5 years. South Pasadena, CA is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 72.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | 2.0% |
% Under 18 | 23.3% | -3.7% |
% Seniors | 13.2% | -5.0% |
% WFH | 26.2% | 219.5% |
% w/ College Degree | 72.7% | 12.0% |
As of the latest ACS Survey released in 2023, South Pasadena, CA is a predominantly white area, with 37.7% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in South Pasadena, CA is asian, making up 32.9% of the population. Foreign-born residents account for 24.0% of the population in South Pasadena, CA, and this percentage has decreased by 8.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 37.7% | -11.1% |
% Black | 3.5% | 12.9% |
% Hispanic | 20.6% | 5.6% |
% Asian | 32.9% | 9.7% |
% Foreign Born | 24.0% | -8.7% |
Mortgage and Risk — South Pasadena, CA
According to HUD data as of 2023, there were 209 mortgage originations in South Pasadena, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in South Pasadena, CA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 209 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — South Pasadena, CA
As of 2024, the percent of homes in South Pasadena, CA under the Section 8 program is 0.2%. 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 South Pasadena, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $2,550 | $2,390 |
| 2 Bedroom | -$580 | $3,600 | $3,020 |
| 3 Bedroom | -$860 | $4,700 | $3,840 |
| 4 Bedroom | -$1,250 | $5,500 | $4,250 |
Affordability — South Pasadena, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.2 |
| Median Home Price | $1,637,000 |
| Median Household Income | $128,000 |