Pembroke Pines, FL—33029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pembroke Pines, FL
As of Oct '25, the median home price in Pembroke Pines, FL is $707,000, with a year-over-year change of -3.3%. This indicates that home prices in Pembroke Pines, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $707,000 | -3.3% |
| Single Family | $709,000 | -3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $429,000 | -2.9% |
3 Bed | $596,000 | -3.9% |
4 Bed | $754,000 | -2.6% |
| 5 Bed | $993,000 | -1.5% |
% of Housing Stock
Rental Trends — Pembroke Pines, FL
As of July '25, Rentcast reports the average rent in Pembroke Pines, FL is $4,570, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Pembroke Pines, FL is studios: $4,200, 1-bedrooms: $1,300, 2-bedrooms: $2,640, 3-bedrooms: $3,550, 4-bedrooms: $5,080. The most common rental property sizes in Pembroke Pines, FL are 3-bedroom and 4-bedroom, accounting for 72.2% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,300 | $4,570 |
| Studio Rent | $4,200 | $4,200 |
| 1 Bed Rent | $1,350 | $1,300 |
| 2 Bed Rent | $2,800 | $2,640 |
| 3 Bed Rent | $3,400 | $3,550 |
| 4 Bed Rent | $5,000 | $5,080 |
% of Rental Stock
Property Listings — Pembroke Pines, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pembroke Pines, FL is 67. This is a increase of 21.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $802,000 | 1.0% |
Listing Count | 233 | 36.0% |
| Listings as % of Homes | 1.1% | 36.0% |
Days on Market | 67 | 21.0% |
Demographics — Pembroke Pines, FL
As of the latest ACS Survey released in 2023, Pembroke Pines, FL has a population of 44,100, which has decreased by -7.9% over the past 5 years. Pembroke Pines, FL is a moderately popular place for families, as children make up 24.1% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,100 | -7.9% |
% Under 18 | 24.1% | -3.6% |
% Seniors | 12.1% | 10.0% |
% WFH | 18.2% | 323.3% |
% w/ College Degree | 46.3% | 12.1% |
As of the latest ACS Survey released in 2023, Pembroke Pines, FL is a predominantly hispanic area, with 42.6% of the population identifying as hispanic. The hispanic population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Pembroke Pines, FL is white, making up 26.8% of the population. Foreign-born residents account for 33.2% of the population in Pembroke Pines, FL, and this percentage has decreased by 1.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.8% | -8.5% |
% Black | 20.5% | 44.4% |
% Hispanic | 42.6% | -9.0% |
% Asian | 7.3% | -6.4% |
% Foreign Born | 33.2% | -1.8% |
Mortgage and Risk — Pembroke Pines, FL
According to HUD data as of 2023, there were 207 mortgage originations in Pembroke Pines, FL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Pembroke Pines, FL. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Pembroke Pines, FL
As of 2024, the percent of homes in Pembroke Pines, FL under the Section 8 program is 10.3%. 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. In Pembroke Pines, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 159 |
Total Units Section 8 | 159 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,540 | $1,350 | $2,890 |
| 2 Bedroom | $780 | $2,800 | $3,580 |
| 3 Bedroom | $1,540 | $3,400 | $4,940 |
| 4 Bedroom | $1,010 | $5,000 | $6,010 |
Affordability — Pembroke Pines, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $707,000 |
| Median Household Income | $145,000 |