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Pasadena

Learn about the people, housing, costs and businesses in Pasadena, California

Median Home$842,696
Median Rent$2,130/month
Population310,608
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality4% professional services
Home Value Growth⬆⬆+15.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners60% of occupied units
NotableHighly Educated30% bachelor's · 18% graduate · top 5% nationally
NotableHigh Incomes$122k/year · top 5% nationally
Pasadena
CA

Frequently Asked Questions

What are today's mortgage rates in Pasadena?

As of today, the 30-year fixed mortgage rate for Pasadena is approximately 6.820% (6.853% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Pasadena?

The median home value in Pasadena is $843k. The median monthly rent is $2,130. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pasadena?

Home values in Pasadena have increased 15.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Pasadena?

Based on a typical all-in ownership cost of $2,206/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pasadena is $122k/year.

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What industries drive the economy in Pasadena?

The largest employment sectors in Pasadena are public administration (26%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.