Pasadena, CA is an affluent area with a median housing value of $1,023,900 - more than three times the US median house value. Despite this high cost of living, the house appreciation rate over the last year has been 7.20%, slightly lower than the US average of 8.27%. This indicates that Pasadena is a desirable place to live and invest in real estate. With its great location close to amenities and attractions, it's no wonder that there is so much demand for housing in Pasadena.
The median home cost in Pasadena is $1,023,900. Home appreciation the last 10 years has been 109.5%. Home Appreciation in Pasadena is up 18.2%.
Average Age of Homes
- The median age of Pasadena real estate is 59 years old
The Rental Market in Pasadena
- Renters make up 52.2% of the Pasadena population
- 1.6% of houses and apartments in Pasadena, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.