Real Estate Investing in Pasadena, Texas (77506)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77506 (Pasadena, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.7% of homes vacant — above national norms.
- Higher unemployment: 7.3% unemployment — tenant risk signal.
What’s happening in Pasadena, TX (77506)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77506 Pasadena
Looking more closely, ZIP 77506 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $164K median. It rewards specialists, not generalists.
The 77506 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader TX picture, 77506 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 77506 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. sturdy returns are possible in 77506, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Pasadena:
Property Strategy for 77506
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $136,248 | $1,260 | 6.7% | +3.5% | $68,124 |
| 3BR | $169,822 | $1,700 | 7.2% | +3.7% | $56,607 |
| 4BR | $194,505 | $2,110 | 7.8% | +3.6% | $48,626 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77506 Compare?
| Metric | 77506 | Pasadena | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $164,051 | $193,688 | N/A | $297,000 |
| 5-Year CAGR | 1.6% | 2.7% | N/A | 5.4% |
| Avg Rent | $1,384 | $1,433 | N/A | - |
| Cap Rate | 6.6% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77506 (Pasadena, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77506 (Pasadena, TX)?
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Property managers serving Harris County
Manage rentals here? List your business →SBB Community Management provides Texas HOA management services, including financial management, property maintenance, and technology solutions, serving Dallas, Fort Worth, and Houston since 1974. summary from their website
KPM Property Management offers end-to-end solutions including pre-acquisition due diligence, on-site property management, and development of townhomes in the Houston area. summary from their website
SBB Community Management provides Texas HOA management services for homeowners associations, condominium associations, and master-planned communities across Dallas, Fort Worth, and Houston. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $164,051 |
| Monthly Rent | $1,384 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +37.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 77506
Population: 35,243
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 77506
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 38,729 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Pasadena, TX?
Median home price in Pasadena, TX is near $164K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What are rental rates like in Pasadena, TX?
Rent in Pasadena, TX is around $1,384/mo. The resulting rent-to-value relationship with $164K pricing is reasonable for most investor models.
How should investors approach Pasadena, TX?
The best-fit strategy in Pasadena, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How quickly do rentals get leased in Pasadena, TX?
Occupancy in Pasadena, TX runs steady with elevated vacancy. Well-priced units at $1,384/mo lease on reasonable timelines.
Is TX a landlord-friendly state?
For rental operators, Pasadena, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 77506 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77506 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 77506 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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Community Ratings
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