Pasadena, Maryland Housing Market Prices
Pasadena 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 114% above the Maryland median$570,829
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Median rent 38% above the Maryland median$2,347
Housing Market Overview
| Metric | Pasadena | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $570,829 | $267,101 | $248,835 |
| Price Trend (Annual %) | 229.7% | 3.4% | 7.5% |
| Median Gross Rent | $2,347 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pasadena is about 114% higher than in Maryland. Rent is about 38% higher than the Maryland 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, up about 229.7% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Pasadena rose about 48.5% between 2015 and 2024, from $1,581 to $2,347. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Pasadena.
Buying the median-priced home in Pasadena costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pasadena. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Pasadena | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $570,829 | $267,101 | $248,835 |
| Median Household Income | $127,203 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pasadena rose about 63.4%, while median household income rose about 41.2% 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 | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.7% | 62.4% | 58.5% |
| Rental Rate | 16.4% | 29.9% | 31.2% |
| Vacancy Rate | 1.9% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Pasadena has a homeownership rate of 81.7%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 1.9%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Pasadena | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1995 | 1977 | 1978 |
| Median Number of Rooms | 6.3 | 6.2 | 5.5 |
The typical housing unit in Pasadena was built around 1995. On average, 2.7 people live in a home with about 6.3 rooms, staying for about 13.0 years on average.
Pasadena, MD Housing Compared With Nearby Cities
How Pasadena, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pasadena, MD | 34,267 | $570,829 #1/3 | $2,347 #1/3 | 83.3% #2/3 |
| Glen Burnie, MD | 72,802 | $340,721 | $1,648 | 64.2% |
| Severna Park, MD | 39,868 | $453,130 | $1,781 | 90.0% |
Frequently Asked Questions
Common questions about the housing market in Pasadena, Maryland.
What is the median home price in Pasadena, Maryland?
The median home price in Pasadena, Maryland is $570,829, higher than the Maryland average of $267,101.
What is the average home price in Pasadena, Maryland?
The typical home price in Pasadena, Maryland, reported as the median sale price, is $570,829. 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, Maryland?
The median gross rent in Pasadena, Maryland is $2,347 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Pasadena in 2020?
In 2020, the median gross rent in Pasadena, Maryland was $1,854 per month.
What is the price-to-rent ratio in Pasadena, Maryland?
The price-to-rent ratio in Pasadena, Maryland is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pasadena.
Are home prices or rent rising faster in Pasadena, Maryland?
Both home prices and rent are rising in Pasadena, up about 229.7% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pasadena, Maryland?
81.7% of households in Pasadena, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Pasadena, Maryland?
The housing vacancy rate in Pasadena, Maryland is 1.9%, lower than the Maryland average of 7.7%.
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