Pasadena, Texas 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 21% below the Texas median$204,196
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Median rent 13% below the Texas median$1,216
Housing Market Overview
| Metric | Pasadena | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $204,196 | $258,873 | $248,835 |
| Price Trend (Annual %) | 8.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,216 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pasadena is about 21% lower than in Texas. Rent is about 13% lower than the Texas 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 8.5% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Pasadena rose about 50.5% between 2015 and 2024, from $808 to $1,216. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Pasadena.
Buying the median-priced home in Pasadena costs roughly 14.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Pasadena. The price-to-rent ratio in Texas is about 15.4.
| Metric | Pasadena | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $204,196 | $258,873 | $248,835 |
| Median Household Income | $66,358 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pasadena rose about 100.1%, while median household income rose about 36.3% 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 | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 56.7% | 58.5% |
| Rental Rate | 41.2% | 33.9% | 31.2% |
| Vacancy Rate | 7.7% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Pasadena has a homeownership rate of 51.1%, lower than the Texas average of 56.7%. Its housing vacancy rate is 7.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Pasadena | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.99 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1976 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Pasadena was built around 1976. On average, 3.0 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Pasadena, TX Housing Compared With Nearby Cities
How Pasadena, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pasadena, TX | 149,372 | $204,196 #3/3 | $1,216 #3/3 | 55.4% #3/3 |
| Deer Park, TX | 33,524 | $281,211 | $1,314 | 78.1% |
| La Porte, TX | 30,613 | $232,287 | $1,401 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Pasadena, Texas.
What is the median home price in Pasadena, Texas?
The median home price in Pasadena, Texas is $204,196, lower than the Texas average of $258,873.
What is the average home price in Pasadena, Texas?
The typical home price in Pasadena, Texas, reported as the median sale price, is $204,196. 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, Texas?
The median gross rent in Pasadena, Texas is $1,216 per month, lower than the Texas average of $1,402.
What was the median gross rent in Pasadena in 2020?
In 2020, the median gross rent in Pasadena, Texas was $991 per month.
What is the price-to-rent ratio in Pasadena, Texas?
The price-to-rent ratio in Pasadena, Texas is about 14.0, meaning it would take roughly 14.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Pasadena.
Are home prices or rent rising faster in Pasadena, Texas?
Both home prices and rent are rising in Pasadena, up about 8.5% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pasadena, Texas?
51.1% of households in Pasadena, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Pasadena, Texas?
The housing vacancy rate in Pasadena, Texas is 7.7%, lower than the Texas average of 9.4%.
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