Pembroke Pines, FL33029

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$707,000
3.3% YoY Growth
Median Household Income
$145,000
35.6% 5-Year Growth
Days on Market
67
21.0% Longer than last year
Home Price Forecast
1.6%
Median Rent
$4,300
2.2% YoY Growth
1-Bed Rent
$1,350
8.3% YoY Growth
2-Bed Rent
$2,800
4.3% YoY Growth
3-Bed Rent
$3,400
3.0% YoY Growth

Other Zip Codes in Pembroke Pines, FL

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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$802,0001.0%
Listing Count
23336.0%
Listings as % of Homes1.1%36.0%
Days on Market
6721.0%
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Demographics — Pembroke Pines, FL

As of the latest ACS Survey released in 2023, Pembroke Pines, FL has a population of 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.

MetricLatest CensusYoY % 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%
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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

MetricLatest Census5-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%
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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

MetricZip 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

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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 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 SizeHUD PremiumMarket RentMax 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

MetricZip Code Average
Home Price to Income Ratio4.6
Median Home Price$707,000
Median Household Income$145,000

Pembroke Pines, FL — ZIP Code Boundary Map

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Frequently Asked Questions