Pasadena, TX
Harris County · Pop. 152,272
Ranked #58 of 243 cities
52Moderate
Median Home Price
🏠$210K
2.5% YoY
Median Rent
🔑$1,200
1.8% YoY
Median Income
💰$48K
Rent Burden
📊31.5%
% of income to rent
Income to Buy
🏦$60K
annual income needed
Income to Rent
📝$48K
annual income needed
Price-to-Income
⚖️4.4x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$1,118/mo
Est. mortgage (7%, 20% down)
Need $60K/yr income
Rent
$1,200/mo
Median rent
Need $48K/yr income
How Pasadena Compares
| Metric | Pasadena | Texas | National |
|---|---|---|---|
| Home Price | $210K | $297K | $410K |
| Rent | $1,200 | $1,413 | $1,500 |
| Income | $48K | $76K | $75K |
| Rent Burden | 31.5% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Pasadena are 49% lower than the national average.
- • Rent is 20% lower than the national average.
- • You need an income of $60K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.