Deepwater home values
Deepwater at a glance
- The Census median home value is $175,800 — 22% below Pasadena overall and 48% below the U.S. median.
- Median household income is $87,576, so homes cost 2.0× local income.
- Its ZIP ranks 4th of 6 Pasadena ZIP codes by home value.
Deepwater home value score
from local value, rent & income
In ZIP 08023, homes are affordable against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — computed from U.S. Census ACS (2023) for this ZIP: home value, gross rent and household income. It is not a market-timing or appreciation forecast.
Deepwater vs Pasadena, Texas and the U.S.
| Deepwater | Pasadena | Texas | U.S. | |
|---|---|---|---|---|
| Median home value (Census) | $175,800 | $225,500 | $314,500 | $340,200 |
| Median household income | $87,576 | $78,800 | $83,300 | $78,500 |
| Price-to-income ratio | 2.0× | 2.9× | 3.8× | 4.3× |
| Mortgage payment* | $889/mo | $1,140/mo | $1,590/mo | $1,720/mo |
Census figures: U.S. Census Bureau ACS 5-year estimates; areas spanning several ZIPs use population-weighted averages of ZIP medians, and city/state columns cover the ZIPs of the places listed on this site. Zillow: ZHVI. *Principal & interest on the Census median value, 20% down, 6.5% fixed, 30 years.
What it costs to buy a home in Deepwater
At the typical value of $175,800, a buyer putting 20% down ($35,160) and financing the rest at 6.5% over 30 years would pay about $889 a month in principal and interest — 12% of the median household income here. That sits within the common 28% guideline, so the typical home is within reach of a typical local household.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Deepwater
Buyers
Homes cost about 2.0× the local median income — affordable by national standards, so first-time buyers have a realistic path in.
Sellers
Typical values here are 48% below the U.S. median; get a home-specific estimate before you list — condition and size move the number more than the area average.
Other neighborhoods in Pasadena
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| Bayport | — | — | — | — | — |
| Baywood Oaks city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Bennett Estates ZIP 77503 · shared | $165K | −4.4% | $65K | $1,211 | 2.5× |
| Central Pasadena | $132K | −5.3% | $50K | $1,049 | 2.6× |
| Clear Lake City | $245K | −1.9% | $66K | $1,362 | 3.7× |
| Deepwater | $176K | — | $88K | — | 2.0× |
| East Pasadena ZIP 77503 · shared | $165K | −4.4% | $65K | $1,211 | 2.5× |
| El Jardin del Mar city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Fairmont Estates city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Golden Acres | — | — | — | — | — |
| Old Downtown Pasadena city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Parkgate city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Pasadena Gardens city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Red Bluff Terrace | $326K | +0.3% | $115K | $1,421 | 2.8× |
| South Pasadena city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Sunset Terrace | $309K | −0.0% | $107K | $1,591 | 2.9× |
| Turtle Creek city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
| Village Grove city data | $165K | −2.3% | $59K | $1,185 | 2.8× |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
Deepwater real estate FAQ
What is the typical home value in Deepwater?
Is Deepwater affordable?
What’s your Deepwater home worth?
Estimates are informational only and are not an appraisal.
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.