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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pasadena, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pasadena, MD Housing Market Trends

With a population of 32,979, 12,194 total housing units (homes and apartments), and a median house value of $442,913, Pasadena real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pasadena, accounting for 57.55% of the town's housing units. Other types of housing that are prevalent in Pasadena include row houses and other attached homes ( 30.53%), large apartment complexes or high rise apartments ( 10.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pasadena. Owner-occupied housing accounts for 80.60% of Pasadena's homes, and 72.57% have either three or four bedrooms, which is average sized relative to America.

Pasadena homes and real estate are some of the newest in America. 41.29% of Pasadena's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Pasadena real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.90%), and between 1940-1969 ( 17.02%).

Pasadena Home Appreciation Rates

Pasadena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pasadena during the period has been just 5.22%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pasadena's appreciation rate, at 6.55%, has been at or slightly above the national average. In the latest quarter, Pasadena's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Maryland, our data show that Pasadena's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Pasadena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pasadena - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pasadena real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$442,913

Pasadena, MD Home Prices
> $1,264,000
$948,001 - $1,264,000
$632,001 - $948,000
$505,001 - $632,000
$379,001 - $505,000
$253,001 - $379,000
$127,001 - $253,000
$63,001 - $127,000
$0 - $63,000
2.3%
2.3%
3.6%
3.6%
14.0%
14.0%
21.6%
21.6%
34.6%
34.6%
19.3%
19.3%
2.3%
2.3%
0.4%
0.4%
1.9%
1.9%
0% 100.0%
% of Homes
Average

for Maryland

High

for nation

Number of Homes And Apartments:

12,194

Pasadena Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,603 / per month

Homeownership Rate

Owners
Renters
80.6%
80.6%
19.4%
19.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.1%
1.1%
98.9%
98.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
41.3%
41.3%
40.9%
40.9%
17.0%
17.0%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.6%
57.6%
30.5%
30.5%
1.3%
1.3%
10.5%
10.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
2.9%
2.9%
17.1%
17.1%
45.4%
45.4%
27.1%
27.1%
5.8%
5.8%
0% 100.0%
% of Homes