While entertainment and media are important sectors in Pasadena, California, the presence of Pasadena City College, California Institute of Technology (Caltech), and many healthcare providers creates a stable and secure job market. The strength of this city's economy propels the demand for housing and drives a healthy real estate market in this city of 134,000.
Pasadena's proximity to Los Angeles adds to its allure. However, the city itself offers a high quality of life. Residents enjoy excellent public schools, beautiful architecture, and a vibrant cultural scene with museums, theaters, and art galleries. Outdoor enthusiasts appreciate the proximity to hiking trails and scenic landscapes. This balance makes Pasadena a desirable place to live, and serves to strengthen the housing market.
Neighborhoods like Oak Knoll, Downtown Pasadena, and North Arroyo are a magnet for families and professionals who are looking to move to the area. Favorably, Pasadena's real estate market has a history of steady growth, with median home values trending upwards over the past decade. This trend suggests a strong potential for long-term appreciation for investors.