Home Values in Pasadena, California — 2026 Market Report
Updated March 2026 | Seller's Market | +4.1% YoY
The median home value in Pasadena, California is $1,050,000 as of March 2026, which is above the national median of $400,000. Home values in Pasadena have increased by 4.1% over the past year and 22.3% over the last five years. With a population of 138,699 and a median household income of $82,250, the price-to-income ratio stands at 12.8x, making Pasadena affordable for the average household.
Pasadena Housing Market Conditions
| Metric | Pasadena | National Avg |
|---|---|---|
| Median Home Value | $1,050,000 | $400,000 |
| YoY Appreciation | +4.1% | +3.8% |
| 5-Year Appreciation | +22.3% | +22.4% |
| Price per Sq Ft | $767 | $222 |
| Days on Market | 50 days | 45 days |
| Months of Supply | 1.8 | 3.5 |
| List-to-Sale Ratio | 98.2% | 98.5% |
| Monthly Homes Sold | 87 | — |
| Foreclosure Rate | 0.14% | 0.3% |
Home Value Trends in Pasadena
A homeowner who purchased at the median price of $858,545 five years ago in Pasadena would have gained approximately $191,455 in equity, representing a 22.3% return on investment. Over the past year alone, the typical homeowner gained $41,354 in home equity.
Affordability in Pasadena, CA
With a median household income of $82,250 and a median home price of $1,050,000, the price-to-income ratio in Pasadena is 12.8x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $7,665 compared to estimated monthly ownership costs of $5,653 gives a rent-vs-buy ratio of 0.74. In Pasadena, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Pasadena
The effective property tax rate in California is 0.76%. On a home valued at $1,050,000, the estimated annual property tax bill is $7,980, or approximately $665/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Pasadena is 162.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Pasadena, CA?
The median home value in Pasadena, California is $1,050,000 as of March 2026. Home values have changed +4.1% over the past year, with a 5-year appreciation of 22.3%.
Is Pasadena a buyer's or seller's market?
Pasadena is currently a seller's market with 1.8 months of housing supply. Homes spend an average of 50 days on market, and the list-to-sale price ratio is 98.2%. Low inventory gives sellers an advantage.
Are home values going up in Pasadena?
Yes, home values in Pasadena have increased by 4.1% over the past year. The 5-year appreciation rate is 22.3%, meaning a home worth $858,545 five years ago is now worth $1,050,000.
Is it better to rent or buy in Pasadena?
The average monthly rent in Pasadena is $7,665, while estimated monthly homeownership costs are approximately $5,653. The price-to-rent ratio is 11.4. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Pasadena, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.