Pembroke Pines, FL—33024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pembroke Pines, FL
As of Nov '25, the median home price in Pembroke Pines, FL is $464,000, with a year-over-year change of -3.8%. This indicates that home prices in Pembroke Pines, FL are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $464,000 | -3.8% |
| Single Family | $487,000 | -4.1% |
| Condos | $228,000 | -10.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $184,000 | -12.4% |
2 Bed | $341,000 | -6.3% |
3 Bed | $490,000 | -3.7% |
4 Bed | $605,000 | -3.4% |
| 5 Bed | $889,732 | -2.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Pembroke Pines, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Pembroke Pines, FL is 73. This is a increase of 31.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -1.0% |
Listing Count | 358 | 22.0% |
| Listings as % of Homes | 0.7% | 22.0% |
Days on Market | 73 | 31.0% |
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% |
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% |
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% |
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 |
Affordability — Pembroke Pines, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $464,000 |
| Median Household Income | $76,500 |