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 about Scout's Real Estate Data
With 32,979 people, 12,194 houses or apartments, and a median cost of homes of $459,517, Pasadena real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Pasadena, accounting for 57.55% of the town's housing units. Other types of housing that are prevalent in Pasadena include row houses and other attached homes ( 30.53%), large apartment complexes or high rise apartments ( 10.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pasadena. Owner-occupied housing accounts for 80.60% of Pasadena's homes, and 72.57% have either three or four bedrooms, which is average sized relative to America.
Pasadena homes and real estate are some of the newest in America. 41.29% of Pasadena's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Pasadena real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.90%), and between 1940-1969 ( 17.02%).
Pasadena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pasadena during the period has been just 5.05%, which is lower than 80% of US communities.
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 5.15%, 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 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Pasadena's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. 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.
$459,517
for Maryland
for nation
12,194
$3,706 / per month