Is Pasadena, TX a good place to invest in rental property?

Pasadena, TX has a median modeled monthly cash flow of $-600 and a median cap rate of 3.4%, on a median sold price of $245,000. Prices changed -1.9% year over year.

What is the average cap rate in Pasadena, TX?

The median cap rate across recently sold homes in Pasadena, TX is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Pasadena, TX?

The median sold price in Pasadena, TX is $245,000 (about $154 per square foot).

Investing in Pasadena, TX Real Estate

A data-driven snapshot of the Pasadena, TX rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$245,000Median sold price

$154Median $/sqft

3.4%Median cap rate

$-600Modeled cash flow / mo

-1.9%Appreciation YoY

7.1Months of supply

486Active listings

821Sold (last 12 mo)

What the Pasadena numbers say

In Pasadena, TX, the median home sold for $245,000 (about $154 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-600 of monthly cash flow. Sold prices moved -1.9% over the past year. Inventory sits at about 7.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Texas markets to compare

See Pasadena cash-flowing listings

CashFlowRE ranks every for-sale home in Pasadena, TX by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Pasadena deals, or browse the national market data.