Pasadena, TX 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Pasadena, TX Housing Market Trends

With a population of 151,227, 48,019 total housing units (homes and apartments), and a median house value of $146,128, 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 59.75% of the city's housing units. Other types of housing that are prevalent in Pasadena include large apartment complexes or high rise apartments ( 29.26%), mobile homes or trailers ( 4.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.55%).

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 53.19% owning and 46.81% 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 ( 40.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.37%). There's also some housing in Pasadena built before 1939 ( 1.15%).

Pasadena Home Appreciation Rates

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 75.76% over the last ten years, which is an average annual home appreciation rate of 5.80%, 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 4.70%, 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 1.16%, which equates to an annual appreciation rate of 4.73%.

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 70% 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.

Average Home Values

 

Median Home Value:
$146,128

Pasadena, TX HOME PRICES

> $1,224,000
0.4%
0.4%
$918,001 - $1,224,000
0.2%
0.2%
$612,001 - $918,000
0.3%
0.3%
$490,001 - $612,000
0.7%
0.7%
$367,001 - $490,000
3.5%
3.5%
$244,001 - $367,000
11.2%
11.2%
$122,001 - $244,000
42.8%
42.8%
$61,001 - $122,000
29.4%
29.4%
$0 - $61,000
11.6%
11.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for TX

Value Relative To Nation

Number Of Homes And Apartments:
48,019

Pasadena Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
113.80% 3.64%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,296 / per month

Homeownership Rate

Owners
53.2%
53.2%
Renters
46.8%
46.8%
Vacant
9.3%
9.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.4%
12.4%
1970 - 1999
45.7%
45.7%
1940 - 1969
40.8%
40.8%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.7%
59.7%
Townhomes
1.5%
1.5%
Small Apt. Buildings
4.5%
4.5%
Apt. Complexes
29.3%
29.3%
Mobile Homes
4.9%
4.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
15.8%
15.8%
2 Bedrooms
24.5%
24.5%
3 Bedrooms
40.9%
40.9%
4 Bedrooms
14.1%
14.1%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES