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Pembroke Pines real estate market overview
- Average Monthly Rent: $2,173
- Home Price/Value Percentage Change: 22.8%
- Median Home Value: $350,000
- Best Time To Sell a Home: June
- Affordability Index: 121
- Days To Sell a House: 57
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Located in the heart of south Florida you'll find one of the largest cities in Broward County; Pembroke Pines. This city is home to key tourist attractions, has easy access to primary highways, and is just minutes from pristine beaches, international airports and deep-water ports. Home to over 20 parks and rich landscaping, Pembroke Pines offers plenty of acreage for outdoor leisure and family-friendly recreation.
The climate in this city is warm, and there's not as much rain here compared to most Floridian cities. Residents describe the majority of the year to have "perfectly warm weather".
Population, job market and cost of living
The population of Pembroke Pines is 178,439, with a growth rate of 0.91% annually.
The job market has increased by 1.9% over the last year. In ten years, job growth is predicted to be 40.8%. Pembroke Pines is described to be progressive, as it's Florida's 9th largest city. There is a lot of potential here for employment in education, retail trades, public/private partnerships and local initiatives.
Pembroke Pines is an expensive place to live in Florida, and the cost of living here is higher than Florida's average.
Pembroke Pines real estate market details
- Hollybrook Golf & Tennis Club
- Pembroke Lakes South
- Silver Lakes
The average monthly rent in Pembroke Pines is $2,173 for an average apartment size of 1,001 sq. feet.
There has been a 22.8% increase in Pembroke Pines' median home value over the last year. As of 2022, the median home value is $350,000.
On average, homes in Pembroke Pines sell after 57 days on the market.
Homeowners looking to sell for the most profit should sell during June. Homeowners more interested in a quick sale should sell during July.
The affordability index in Pembroke Pines is 121. This number indicates increased affordability in this city.
The top ranked public schools are Somerset Academy, The Pembroke Pines Florida, City/Pembroke Pines Charter Middle Schools, Pembroke Lakes Elementary School, and Pembroke Pines Charter Elementary School. This information is based on data from The US Department of Education, The US Census Bureau and the Florida Department of Education.