Sell My House Fast in Pompano Beach, Florida with an iBuyer

Pompano Beach Real Estate Market Overview

Average Monthly Rent:

$1,860

Percentage Change in Home Price/Value:

14.7%

Median Home Value:

$320,000

Best Time To Sell Home:

July

Affordability Index:

97

Days To Sell House:

68

Job Market:

Fair

Public School Ranking:

18

Location & Weather

Pompano Beach is known as “the Heart of the Gold Coast”, as its location is centered between Palm Beach and Miami. This city is made up of clear-water beaches, golf courses, over 700 acres of parks, natural reefs, and is known for having a variety of local, unique events and festivals.

Average temperatures here hit lows in the mid 60s and highs in the 80s. The gulf stream keeps the ocean water warm here, perfect to enjoy during the summer time. There is a fair amount of rain here as well; residents see around 61 inches per year.

Population, Job Market & Cost of Living

The population in Pompano Beach is 113,564, with a growth rate of 0.43% annually. The job market has increased by 1.9% over the last year. In ten years, job growth is predicted to be 40.4%. This business-friendly city is Broward County’s largest industrial, warehouse, and distribution sector. Pompano is also a huge transportation link to the nearby cities of Fort Lauderdale, Hollywood, Miami and Palm Beach. In turn, transportation pulls weight in the job market as well.

Some of the largest employers are Amazon, Precision Metal Industries, and Point Blank Enterprises. Pompano Beach is a large city, which is part of why it's more expensive to live.

Hottest Neighborhoods:

Palm Aire, Avalon Harbor, Cresthaven, Garden Isles, Cypress Bend, Highlands

Average Monthly Rent in Pompano Beach

The average monthly rent is $1,860 for an average apartment size of 888 sq. feet.

Change in Home Value and Median Home Value

There has been a 14.7% increase in Pompano Beach’s median home value over the last year. As of 2022, the median home value is $320,000.

Days to Sell a House

On average, homes in Pompano Beach sell after 68 days on the market.

Best Time to Sell a House in Pompano Beach

Home sales in February can provide homeowners with the most profit, while home sales in July can provide homeowners with the fastest sale.

Affordability Index

The affordability index in Pompano Beach is 97. This number indicates decreased affordability in this city.

Pompano Beach Public School Ranking

The top ranked public schools are Pompano Beach Institute of International Studies, Mcnab Elementary School, Sanders Park Elementary School, Cypress Elementary School, Pompano Beach Middle School and Pompano Beach Elementary School. This information derives from the school's combined math and reading proficiency data in testing.

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