The typical owner-occupied home in South Pasadena is worth about $1,640,000, 2.2 times the California median of $734,700 and 4.9 times the national median of $332,700. Owners pay a median $9,937 a year in property taxes, about 0.61% of their home's value, lower than the California rate of 0.70%. The median household earns $127,175 a year, so the median home costs 12.9 times the median income (7.4 times for California). 44% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
South Pasadena at a glance
| South Pasadena | California | U.S. | |
|---|---|---|---|
| Median home value | $1,640,000 | $734,700 | $332,700 |
| Median property tax paid per year | $9,937 | $5,124 | $3,119 |
| Property tax as a share of value | 0.61% | 0.70% | 0.94% |
| Median household income | $127,175 | $99,122 | $80,734 |
| Homes lived in by their owners | 44% | 56% | 65% |
| Owner homes with a mortgage | 72% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 24.8% | 21.0% |
| Median rent | $2,284 | $2,036 | $1,413 |
| Rent as a share of renters' income | 28.1% | 32.8% | 30.6% |
| Median year homes were built | 1953 | 1976 | 1980 |
| Vacant homes | 5.5% | 7.5% | 10.1% |
| Population | 26,068 | 39,287,377 | 334,922,499 |
What a typical home costs per month in South Pasadena
At this week's average 30-year rate of 7.11%, buying the median South Pasadena home of $1,640,000 with 20% down costs about $10,343 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,339, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $443,268 for the 20%-down payment. That payment is 98% of the median South Pasadena household income of $127,175; at that income and 20% down, the 28% guideline points to a home of about $471,000.
The median rent here is $2,284 a month, so owning the median home costs about $8,059 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $328,000 |
|---|---|
| Loan amount | $1,312,000 |
| Principal and interest | $8,826 |
| Property taxes (0.61% a year) | $834 |
| Homeowners insurance (our estimate, 0.5% a year) | $683 |
| PMI | $0 |
| Total per month | $10,343 |
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| Down payment | $57,400 |
|---|---|
| Loan amount | $1,610,296 |
| Principal and interest | $10,833 |
| Property taxes (0.61% a year) | $834 |
| Homeowners insurance (our estimate, 0.5% a year) | $683 |
| FHA mortgage insurance | $989 |
| Total per month | $13,339 |
Change the numbers in the calculator
Questions about home buying in South Pasadena
What is the median home value in South Pasadena?
About $1,640,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Pasadena?
Homeowners pay a median $9,937 a year, which is about 0.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in South Pasadena?
For the median home with 20% down at 7.11%, the payment is about $10,343 a month. Keeping that under 28% of gross income takes about $443,268 a year.
More about South Pasadena
- Mortgage Refinance in South Pasadena
- Debt Relief in South Pasadena
- Home Equity Loans in South Pasadena
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data