Pasadena Hills, Florida Housing Market Prices
Pasadena Hills Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% below the Florida median$287,008
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Median rent 13% below the Florida median$1,453
Housing Market Overview
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,008 | $311,338 | $248,835 |
| Price Trend (Annual %) | 8.7% | 11.2% | 7.5% |
| Median Gross Rent | $1,453 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pasadena Hills is about 8% lower than in Florida. Rent is about 13% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pasadena Hills, up about 8.7% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Pasadena Hills rose about 66.7% between 2015 and 2024, from $872 to $1,453. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Pasadena Hills.
Buying the median-priced home in Pasadena Hills costs roughly 16.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pasadena Hills. The price-to-rent ratio in Florida is about 15.6.
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,008 | $311,338 | $248,835 |
| Median Household Income | $84,802 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pasadena Hills rose about 84.8%, while median household income rose about 44.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.1% | 57.7% | 58.5% |
| Rental Rate | 16.7% | 27.7% | 31.2% |
| Vacancy Rate | 11.2% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Pasadena Hills has a homeownership rate of 72.1%, higher than the Florida average of 57.7%. Its housing vacancy rate is 11.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2006 | 1988 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in Pasadena Hills was built around 2006. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pasadena Hills, Florida.
What is the median home price in Pasadena Hills, Florida?
The median home price in Pasadena Hills, Florida is $287,008, lower than the Florida average of $311,338.
What is the average home price in Pasadena Hills, Florida?
The typical home price in Pasadena Hills, Florida, reported as the median sale price, is $287,008. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Pasadena Hills, Florida?
The median gross rent in Pasadena Hills, Florida is $1,453 per month, lower than the Florida average of $1,668.
What was the median gross rent in Pasadena Hills in 2020?
In 2020, the median gross rent in Pasadena Hills, Florida was $1,179 per month.
What is the price-to-rent ratio in Pasadena Hills, Florida?
The price-to-rent ratio in Pasadena Hills, Florida is about 16.5, meaning it would take roughly 16.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pasadena Hills.
Are home prices or rent rising faster in Pasadena Hills, Florida?
Both home prices and rent are rising in Pasadena Hills, up about 8.7% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pasadena Hills, Florida?
72.1% of households in Pasadena Hills, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Pasadena Hills, Florida?
The housing vacancy rate in Pasadena Hills, Florida is 11.2%, lower than the Florida average of 14.6%.
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