Pasadena Home Prices: $228K, Down 3.3% — 5 ZIPs Analyzed (2026)

$228,206. That’s what a typical home costs in Pasadena, TX as of February 2026, and the number has been falling every month for nearly a year. Prices are down 3.3% year over year — a sharper drop than most of the Houston metro.

Quick answer: The average home price in Pasadena, TX is $228,206 as of February 2026, down 3.3% year over year according to Zillow.

Current Home Prices in Pasadena

Pasadena sits well below the Texas median. At $228,206, a buyer here pays roughly $100K less than the typical Houston-area home and far less than what’s listed in Austin or Dallas.

The 3.3% annual decline isn’t just a soft patch. Looking at the 12-month series, prices peaked at $235,944 in March 2025 and have moved lower every single month since. That’s 11 consecutive months of price erosion.

The spread between ZIPs is wide. The most expensive neighborhood costs nearly twice as much as the cheapest. For a city of this size, a 95% gap between top and bottom ZIPs points to real differences in housing stock — newer subdivisions on the eastern edge versus older inner-city blocks closer to refineries.

What this means for buyers: you’re shopping in a falling market. Sellers who listed 12 months ago and held out are watching equity slip away. Anyone closing this spring will likely pay less than they would have last spring.

Pasadena Home Prices by Neighborhood

Five ZIP codes make up Pasadena. The cheapest costs about half what the most expensive does.

Most Expensive

77505 — $310,727. The high end of the Pasadena market, sitting 36% above the city median. Rent here averages $1,533, which is below what 77502 charges despite a higher purchase price.

77504 — $264,716. A step down from 77505 but still 16% above median. The $1,258 average rent is among the lower figures in the city, suggesting a higher share of owner-occupied homes.

77502 — $202,996. Just below the city median on price, but rents here are the highest at $1,747. That gap between modest sale prices and steep rents points to strong rental demand in this ZIP.

Most Affordable

77506 — $159,790. The cheapest ZIP in Pasadena, 30% below the city median. Rents are mid-range at $1,248.

77503 — $202,800. Roughly the same price as 77502 but with the lowest rents in the city at $1,075. Likely a more owner-heavy area with less rental competition.

77502 — $202,996. Affordable to buy but not to rent — see above.

Rent vs Buy in Pasadena

Renting wins on monthly cash flow in Pasadena right now.

The cheapest rent in the city is $1,075 (77503). The most expensive is $1,747 (77502). Average across the five ZIPs lands near $1,372 a month.

Now look at buying. A $228,206 home with 20% down ($45,641) leaves a $182,565 mortgage. At today’s rates, principal and interest alone runs around $1,200 a month. Add property taxes — Texas runs hot here, often 2.3% to 2.7% of assessed value — and you’re looking at another $450 to $510 monthly. Insurance adds another $150 to $200.

Buying costs about $480 more per month than renting on average. And you need $45,641 cash up front to get there.

But here’s the catch — prices are falling. A buyer purchasing today at $228K could see the home worth less in a year if the trend continues. Renting locks in a lower monthly payment and avoids the price risk. For now, the math favors waiting.

Population Growth and Migration

Pasadena is losing residents. The city had 151,449 people in 2020 and 149,617 in 2024 — a 1.2% drop over four years.

The bottom hit in 2022 at 148,518. The city has added roughly 1,100 residents since then, but it’s still 1,832 below where it stood in 2020. Compare that to peer Texas cities and the gap is striking.

Every comparison city grew. Pasadena shrank.

What this means for housing: weak population growth means weak demand growth. Home prices respond to people wanting to live somewhere, and Pasadena isn’t pulling them in. That’s the backdrop for the 11-month price slide.

Pasadena Housing Market Trends

The 12-month price trend is a slow, steady decline.

Total decline: $7,738 over 12 months. That’s $645 per month on average.

The pace is slowing. From March to August 2025, prices dropped $3,655 — about $730 a month. From September 2025 through February 2026, prices dropped $3,180 — $530 a month. The most recent month-over-month drop (January to February) was just $276.

This isn’t a crash. It’s a slow grind lower that may be running out of steam.

Is Pasadena a Good Place to Buy in 2026?

The data points to a buyer’s market, but with caveats.

Prices have fallen 11 months running. Population is shrinking. Rents are reasonable, which means landlords aren’t pricing aggressively. All of that gives buyers an edge at the negotiating table.

But Pasadena isn’t a hot growth story. You’re buying into a city that lost residents over four years. If you plan to stay 10+ years, the entry price advantage matters more than near-term price moves. If you might leave in 3 years, falling prices could leave you underwater.

The cheapest ZIP, 77506, comes in under $160K. That’s rare for any Texas city in the Houston metro. Buyers willing to look at older housing stock can still find genuine bargains.

For investors, the rent-to-price ratios are mixed. ZIP 77502 stands out — rents of $1,747 against a $202,996 purchase price means roughly 10.3% gross yield before expenses. That’s a strong number for the metro.

Pasadena Housing Market Outlook for 2026-2027

The 3-month trend suggests prices are still falling but at a slower rate. From December 2025 to February 2026, the median dropped $464 — less than 0.2% over three months. The deceleration is clear in the data.

If the current pace continues, prices could stabilize sometime in mid-to-late 2026. The decline has shrunk from $730/month early in the cycle to under $300/month recently. A flat reading wouldn’t be far off.

What could change that: rising mortgage rates would extend the slide. A return of population growth would reverse it. The data shows neither yet.

For now, expect more of the same: small monthly declines, a flat-to-down market, and selective opportunities in specific ZIPs.

Similar Markets in TX

If you’re comparing Pasadena to other Texas markets, a few options stand out:

• Houston — the parent metro, with a wider price range and stronger population growth.
• Sugar Land — a higher-end Houston suburb for buyers willing to pay more.
• Spring — another Houston-area option north of the city.
• San Antonio — bigger city, similar mid-range pricing, growing population.
• Katy — a popular Houston suburb west of Pasadena with newer housing stock.

Frequently Asked Questions

What is the average home price in Pasadena?

The average home price in Pasadena, TX is $228,206 as of February 2026. That number is the median across the city’s five ZIP codes, ranging from $159,790 in 77506 to $310,727 in 77505.

Are home prices going up or down in Pasadena?

Prices are going down. The median fell 3.3% year over year, dropping from $235,944 in March 2025 to $228,206 in February 2026 — 11 straight months of declines.

Is it cheaper to rent or buy in Pasadena?

Renting is cheaper. The average rent across Pasadena ZIPs is roughly $1,372 a month, while owning a typical home with a 20% down payment runs closer to $1,855 once taxes and insurance are added. You also need about $45,641 in cash to close.

What is the most affordable neighborhood in Pasadena?

ZIP 77506 is the most affordable at $159,790, about 30% below the city median. Rents there average $1,248 a month, making it a candidate for first-time buyers willing to look at older housing stock.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.