Home Values in Pasadena, Texas — 2026 Market Report
Updated March 2026 | Buyer's Market | +3.5% YoY
The median home value in Pasadena, Texas is $215,000 as of March 2026, which is below the national median of $400,000. Home values in Pasadena have increased by 3.5% over the past year and 18.8% over the last five years. With a population of 151,950 and a median household income of $50,250, the price-to-income ratio stands at 4.3x, making Pasadena affordable for the average household.
Pasadena Housing Market Conditions
| Metric | Pasadena | National Avg |
|---|---|---|
| Median Home Value | $215,000 | $400,000 |
| YoY Appreciation | +3.5% | +3.8% |
| 5-Year Appreciation | +18.8% | +22.4% |
| Price per Sq Ft | $78 | $222 |
| Days on Market | 49 days | 45 days |
| Months of Supply | 5.2 | 3.5 |
| List-to-Sale Ratio | 97.2% | 98.5% |
| Monthly Homes Sold | 80 | — |
| Foreclosure Rate | 0.75% | 0.3% |
Home Value Trends in Pasadena
A homeowner who purchased at the median price of $180,976 five years ago in Pasadena would have gained approximately $34,024 in equity, representing a 18.8% return on investment. Over the past year alone, the typical homeowner gained $7,271 in home equity.
Affordability in Pasadena, TX
With a median household income of $50,250 and a median home price of $215,000, the price-to-income ratio in Pasadena is 4.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,151 compared to estimated monthly ownership costs of $1,345 gives a rent-vs-buy ratio of 1.17. In Pasadena, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Pasadena
The effective property tax rate in Texas is 1.8%. On a home valued at $215,000, the estimated annual property tax bill is $3,870, or approximately $323/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 89.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Pasadena, TX?
The median home value in Pasadena, Texas is $215,000 as of March 2026. Home values have changed +3.5% over the past year, with a 5-year appreciation of 18.8%.
Is Pasadena a buyer's or seller's market?
Pasadena is currently a buyer's market with 5.2 months of housing supply. Homes spend an average of 49 days on market, and the list-to-sale price ratio is 97.2%. Higher inventory gives buyers more negotiating power.
Are home values going up in Pasadena?
Yes, home values in Pasadena have increased by 3.5% over the past year. The 5-year appreciation rate is 18.8%, meaning a home worth $180,976 five years ago is now worth $215,000.
Is it better to rent or buy in Pasadena?
The average monthly rent in Pasadena is $1,151, while estimated monthly homeownership costs are approximately $1,345. The price-to-rent ratio is 15.6. Current conditions suggest renting may be more affordable in the short term, though homeownership builds equity over time.
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Disclaimer: Home value data for Pasadena, Texas 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.