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 a population of 153,520, 48,931 total housing units (homes and apartments), and a median house value of $129,021, 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 58.33% of the city's housing units. Other types of housing that are prevalent in Pasadena include large apartment complexes or high rise apartments ( 29.89%), duplexes, homes converted to apartments or other small apartment buildings ( 5.55%), and a few mobile homes or trailers ( 4.49%).
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 53.30% owning and 46.70% 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 ( 39.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.80%). There's also some housing in Pasadena built before 1939 ( 1.02%).
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 53.74% over the last ten years, which is an average annual home appreciation rate of 4.39%, putting Pasadena in the top 10% 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.
Appreciation rates are so strong in Pasadena that despite a nationwide downturn in the housing market, Pasadena real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pasadena appreciation rates continue to be some of the highest in America, at 5.14%, which is higher than appreciation rates in 74.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pasadena. Pasadena appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.72%.
Importantly, this makes Pasadena one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Pasadena's latest annual appreciation rate is higher than 60% 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.
|$979,001 - $1,305,000||0.1|
|$652,001 - $979,000||0.3|
|$522,001 - $652,000||0.4|
|$391,001 - $522,000||2.7|
|$261,001 - $391,000||8.3|
|$130,001 - $261,000||35.9|
|$65,001 - $130,000||39.8|
|$0 - $65,000||12.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Pasadena HOMES|
|2000 or Newer||12.8|
|1970 - 1999||46.4|
|1940 - 1969||39.8|
|1939 or Older||1.0|
|TYPE OF Pasadena HOMES|
|Small Apt. Buildings||5.6|
|SIZE OF Pasadena HOMES|
|5 or more bedrooms||2.50|