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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 153,219 people, 48,724 houses or apartments, and a median cost of homes of $125,916, house prices in Pasadena are solidly below the national average.
Single-family detached homes are the single most common housing type in Pasadena, accounting for 58.56% of the city's housing units. Other types of housing that are prevalent in Pasadena include large apartment complexes or high rise apartments ( 29.94%), duplexes, homes converted to apartments or other small apartment buildings ( 5.04%), and a few mobile homes or trailers ( 4.73%).
The most prevalent building size and type in Pasadena are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.61% owning and 47.39% renting.
There is a lot of housing in Pasadena built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pasadena built between 1940-1969 ( 40.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.57%). There's also some housing in Pasadena built before 1939 ( 1.11%).
In the last 10 years, Pasadena has experienced some of the highest home appreciation rates of any community in the nation. Pasadena real estate appreciated 57.57% over the last ten years, which is an average annual home appreciation rate of 4.65%, putting Pasadena in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pasadena definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Pasadena appreciation rates have trailed the rest of the nation. In the last twelve months, Pasadena's appreciation rate has been -0.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pasadena were at -0.44%, which equates to an annual appreciation rate of -1.74%.
Notably, Pasadena's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Pasadena's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pasadena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in 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 Pasadena real estate investment or home purchase decisions.
|$924,001 - $1,232,000||0.2|
|$616,001 - $924,000||0.5|
|$493,001 - $616,000||0.6|
|$370,001 - $493,000||3.2|
|$246,001 - $370,000||9.4|
|$123,001 - $246,000||39.5|
|$62,001 - $123,000||34.3|
|$0 - $62,000||12.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Pasadena HOMES|
|2000 or Newer||12.6|
|1970 - 1999||45.7|
|1940 - 1969||40.6|
|1939 or Older||1.1|
|TYPE OF Pasadena HOMES|
|Small Apt. Buildings||5.0|
|SIZE OF Pasadena HOMES|
|5 or more bedrooms||2.68|