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Pasadena real estate market overview
- Average Monthly Rent: $1,050
- Home Price/Value Percentage Change: 3.80%
- Median Home Value: $213,812
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 53
- Job Market: Weak
- Public School Ranking: 27
Location and weather
Pasadena, Texas is located 14 miles southeast of Houston in Harris County. This lush and aesthetically pleasing city is bordered by Deer Park to the east and Jacinto City to the north. Its location allows for quick travel to the nearby cities of Houston and port Houston, which adds to the many advantages of living here. Pasadena is filled with museums, nature centers, community theaters, and hosts a variety of festivals that boosts the tourism here as well.
Residents of this city enjoy hot summers and tolerable winters, where temperatures rarely drop lower than the mid 40s.
Population, job market and cost of living
The population in Pasadena is 146,709, with a growth rate of 0.19% annually.
The job market here has decreased by -5.61% over the last year. In ten years, job growth is predicted to be 27.58%. Currently, the petrochemical value chain is the largest and most dominant industry driving the economy in Pasadena. Logistics and distribution, aerospace, retail, and professional and technical services are some of the other high performing sectors of the job market as well. Overall, Pasadena is described to be the ideal location for start-up businesses as it has the potential to compete in a global economy.
This city's cost of living is slightly lower than the Texas average, making it a more affordable place to live in the state. It's also considered less expensive than the US average cost of living, with affordable housing.
Pasadena real estate market details
- Kingsdale
- Downtown Pasadena
- Parkwood
- Red Bluff Terrace
- Golden Acres
- Deepwater
The average monthly rent in Pasadena is $1,050 for an average apartment size of 832 sq. feet.
There has been a 3.8% increase in Pasadena's median home value over the last year. As of 2023, the median home value is $213,812.
On average, homes in Pasadena sell after 53 days on the market.
The month of July can provide homeowners with the highest valued sale and quickest sale.
The affordability index in Pasadena is 91. This number indicates moderate affordability in this city.
The top ranked public schools are Fairmont Elementary School, Fairmont J High School, Pasadena Memorial High School, Bondy Intermediate School, Red Bluff Elementary School and Cater Lomax Middle School. This information is determined by the school's combined math and reading proficiency data in testing.