Pembroke Pines, FL 33029 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Pembroke Pines, FL—33029

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$698,000

3.4% YoY Growth

Household Income

$145,000

35.6% YoY Growth

Days on Market

85

41.0% Longer YoY

Home Price Forecast

1.9%

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

33028 33026 33024

Home Price Trends — Pembroke Pines, FL

As of Dec '25, the median home price in Pembroke Pines, FL is $698,000, with a year-over-year change of -3.4%. This indicates that home prices in Pembroke Pines, FL are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$698,000	-3.4%
Single Family	$699,000	-3.6%
Condos	N/A	N/A

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 $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

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% of Rental Stock

2 Bedrooms

3.0%

3 Bedrooms

72.2%

4 Bedrooms

21.7%

5+ Bedrooms

3.2%

Property Listings — Pembroke Pines, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Pembroke Pines, FL is 76. This is a increase of 32.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$797,000	0.0%
Listing Count	216	21.0%
Listings as % of Homes	1.1%	21.0%
Days on Market	85	41.0%

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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.

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%

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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

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%

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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

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%

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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 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