Pasadena California - Real Estate Conditions

According to census data in the year 2000 there were 54,114 housing unites in Pasadena. This represents a 2% growth from 53,032 in 1990.

Of those housing units, 54,114 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Pasadena is about 45.7%. Pasadena's vacancy rate, including seasonal lodging, is about 4.2%. Average household size is 2.51 people.

The majority of houses, apartments or condos in Pasadena were built after 1955.

Statistics

Housing Size

Studio Type: 9.2%
One Bedroom: 27.2%
Two Bedrooms: 32.8%
Three Bedrooms: 21.9%
Four Bedrooms: 6.3%
Five Bedrooms or more: 2.7%

As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size: 2.63
Median year structure was built: 1948
Median Value of occupied units: $ 286,400
Median Price asked for vacant units: $ 309,100

Rented Homes, Apartments and Condos

Average Household Size: 2.42
Median year structure was built: 1961
Median Monthly Rent asked for vacant units: $ 844

Owners Finance Status

Second Mortgage and Equity Loan: 0.3%
Second Mortgage: 11%
Home Equity Loan: 9%
Simple Mortgage: 56.8%
Debt Free: 22.9%

Median part of Monthly Household Income dedicated to covering home ownership costs: 22.6%

As % of Housing Units



Vahe` Dilanian
Vahe` Dilanian
Your Full Service Real Estate Concierge