There are currently 38,204 real estate properties in Pasadena, CA, with a median automated valuation model (AVM) price of $1,044,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pasadena, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pasadena, CA, is $1,180,052.00, with the most expensive house in Pasadena, CA, topping out at $40,823,000.00 and the cheapest home in Pasadena, CA, clocking in at $259,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Pasadena, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pasadena, CA, is on a rollercoaster ride. The average rent price in Pasadena, CA, is $3,072.00. Indeed, when looking to rent in Pasadena, CA, you can expect to pay as little as $1,340.00 or as much as $6,160.00, with the average rent median estimated to be $2,950.00. The good news is that finding an affordable and desirable property to rent in Pasadena, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Pasadena, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Pasadena, CA and much more. Save thousands at closing with home foreclosure listings in Pasadena, CA — up to 75% off market value!
Pasadena is located in Los Angeles, California, with an estimated municipal population of 141,029 residents. All of the best foreclosed homes for sale in Pasadena are located in the following zip code areas on Foreclosure.com: 91101 91106 91107 91105 91103 91104 91102 91109 91110 91114 91115 91116 91117 91121 91123 91124 91125 91126 91129 91182 91184 91188 91189 91199. The estimated population per square kilometer (.62 miles) in Pasadena is 2,371.
So, about how much do homes cost in Pasadena? The most recent median value of resident-owned homes in Pasadena is 785,359. An estimated 42 percent of households in Pasadena own their homes, with an average family size of 3.26. The median household income in Pasadena is 83,068, with42 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pasadena, the median commute time of resident workers (in minutes) is 29.1. And last, but certainly not least, are you looking for homes to rent in Pasadena? If so, the average rent price paid by renters in Pasadena is 1,710, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Pasadena, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Pasadena is 38.6, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Pasadena is 44.1, with an average family size of 3.26.
The percentage of residents who report their race in Pasadena is as follows:
|Black / African American||8.8%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Pasadena? Or maybe you are searching for 55+ active adult communities in and/or near Pasadena?
The percentage of residents who report their age in Pasadena is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Pasadena with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pasadena.
How do you know that living in -- or moving to -- Pasadena is right where you need to be? Perhaps you grew up in Pasadena or already live nearby; therefore, the decision to buy a home in Pasadena is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pasadena for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Pasadena:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pasadena.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pasadena can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pasadena, meanwhile, can field multiple offers from more qualified buyers.
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