South Pasadena, CA is a desirable area to live due to its high housing median value of $1,529,200. This is significantly higher than the US House Median Value of $338,100 which shows how sought after this area is for homeowners. Additionally, South Pasadena has had an impressive 1 year house appreciation rate of 11.31%, which surpasses the US House Appreciation rate of 8.27%. All these factors make South Pasadena an ideal place to purchase a home and invest in real estate.
The median home cost in South Pasadena is $1,529,200. Home appreciation the last 10 years has been 113.1%. Home Appreciation in South Pasadena is up 15.4%.
Average Age of Homes
- The median age of South Pasadena real estate is 64 years old
The Rental Market in South Pasadena
- Renters make up 53.0% of the South Pasadena population
- 2.1% of houses and apartments in South 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.