Pembroke Pines, FL 33024 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Pembroke Pines, FL—33024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$469,000

4.2% YoY Growth

Household Income

$76,500

29.9% YoY Growth

Days on Market

64

17.0% Longer YoY

Home Price Forecast

0.5%

Median Rent

$2,490

5.8% YoY Growth

1-Bed Rent

$1,500

10.3% YoY Growth

2-Bed Rent

$2,220

4.6% YoY Growth

3-Bed Rent

$3,260

0.6% YoY Growth

Other Zip Codes in Pembroke Pines, FL

33028 33029 33026

Home Price Trends — Pembroke Pines, FL

As of May '26, the median home price in Pembroke Pines, FL is $469,000, with a year-over-year change of -4.2%. This indicates that home prices in Pembroke Pines, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$469,000	-4.2%
Single Family	$493,000	-3.7%
Condos	$229,000	-6.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pembroke Pines, FL

As of July '25, Rentcast reports the average rent in Pembroke Pines, FL is $2,770, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Pembroke Pines, FL is studios: $1,450, 1-bedrooms: $1,560, 2-bedrooms: $2,300, 3-bedrooms: $3,340, 4-bedrooms: $4,530. The most common rental property sizes in Pembroke Pines, FL are 2-bedroom and 1-bedroom, accounting for 43.6% and 26.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,490	$2,770
Studio Rent	$1,500	$1,450
1 Bed Rent	$1,500	$1,560
2 Bed Rent	$2,220	$2,300
3 Bed Rent	$3,260	$3,340
4 Bed Rent	$3,900	$4,530

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% of Rental Stock

Studio

4.2%

1 Bedroom

26.6%

2 Bedrooms

43.6%

3 Bedrooms

22.0%

4 Bedrooms

2.6%

5+ Bedrooms

1.0%

Property Listings — Pembroke Pines, FL

As of May '26, Realtor.com reports that the median days on market for a home in Pembroke Pines, FL is 64. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$469,000	-6.0%
Listing Count	319	-10.0%
Listings as % of Homes	0.7%	-10.0%
Days on Market	64	17.0%

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Demographics — Pembroke Pines, FL

As of the latest ACS Survey released in 2023, Pembroke Pines, FL has a population of 75,600, which has remained stable by 0.4% over the past 5 years. Pembroke Pines, FL is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	75,600	0.4%
% Under 18	24.3%	4.7%
% Seniors	13.3%	3.1%
% WFH	8.3%	219.2%
% w/ College Degree	27.7%	16.4%

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As of the latest ACS Survey released in 2023, Pembroke Pines, FL is a predominantly hispanic area, with 52.3% of the population identifying as hispanic. The hispanic population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Pembroke Pines, FL is white, making up 22.1% of the population. Foreign-born residents account for 40.2% of the population in Pembroke Pines, FL, and this percentage has increased by 12.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	22.1%	-13.7%
% Black	17.9%	2.3%
% Hispanic	52.3%	3.4%
% Asian	4.0%	-24.5%
% Foreign Born	40.2%	12.3%

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Mortgage and Risk — Pembroke Pines, FL

According to HUD data as of 2023, there were 952 mortgage originations in Pembroke Pines, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Pembroke Pines, FL. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	952
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Pembroke Pines, FL

As of 2024, the percent of homes in Pembroke Pines, FL under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Pembroke Pines, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	932
Total Units Section 8	484
% Rentals under Section 8	4.9%
% Occupied Section 8	93.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$290	$1,500	$1,790
2 Bedroom	$0	$2,220	$2,220
3 Bedroom	-$190	$3,260	$3,070
4 Bedroom	-$170	$3,900	$3,730