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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



South Pasadena, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

South Pasadena, CA Housing Market Trends

With 25,850 people, 10,274 houses or apartments, and a median cost of homes of $1,828,153, South Pasadena house prices are not only among the most expensive in California, South Pasadena real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in South Pasadena, accounting for 46.87% of the city's housing units. Other types of housing that are prevalent in South Pasadena include large apartment complexes or high rise apartments ( 32.28%), duplexes, homes converted to apartments or other small apartment buildings ( 13.59%), and a few row houses and other attached homes ( 7.25%).

People in South Pasadena primarily live in small (one, two or no bedroom) single-family detached homes. South Pasadena has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Pasadena's housing was primarily built during this period, from the '40s through the '60s. A full 40.79% of the city's housing hails from this era. Other housing ages represented in South Pasadena include homes built before 1939 ( 38.03%) and housing constructed between 1970-1999 ( 18.23%). There's also some housing in South Pasadena built between 2000 and later ( 2.94%).

South Pasadena Home Appreciation Rates

South Pasadena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Pasadena during the period has been just 4.86%, which is lower than 70% of US communities.

Over the last year, South Pasadena appreciation rates have trailed the rest of the nation. In the last twelve months, South Pasadena's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Pasadena were at 0.15%, which equates to an annual appreciation rate of 0.59%.

Relative to California, our data show that South Pasadena's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South Pasadena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Pasadena - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best South Pasadena real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,828,153

South Pasadena, CA Home Prices
> $1,115,000
$836,001 - $1,115,000
$557,001 - $836,000
$446,001 - $557,000
$335,001 - $446,000
$223,001 - $335,000
$111,001 - $223,000
$56,001 - $111,000
$0 - $56,000
77.3%
77.3%
12.8%
12.8%
5.8%
5.8%
1.8%
1.8%
0.0%
0.0%
0.4%
0.4%
1.5%
1.5%
0.0%
0.0%
0.5%
0.5%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

10,274

South Pasadena Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,327 / per month

Homeownership Rate

Owners
Renters
46.3%
46.3%
53.7%
53.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.9%
2.9%
18.2%
18.2%
40.8%
40.8%
38.0%
38.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.9%
46.9%
7.2%
7.2%
13.6%
13.6%
32.3%
32.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.5%
5.5%
20.7%
20.7%
29.0%
29.0%
24.1%
24.1%
15.0%
15.0%
5.7%
5.7%
0% 100.0%
% of Homes