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Pompano Beach real estate market overview
- Average Monthly Rent: $1,860
- Home Price/Value Percentage Change: 14.7%
- Median Home Value: $320,000
- Best Time To Sell a Home: July
- Affordability Index: 97
- Days To Sell a House: 68
- Job Market: Fair
- Public School Ranking: 18
Location and 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 and 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.
Pompano Beach real estate market details
- Palm Aire
- Avalon Harbor
- Cresthaven
- Garden Isles
- Cypress Bend
- Highlands
The average monthly rent is $1,860 for an average apartment size of 888 sq. feet.
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.
On average, homes in Pompano Beach sell after 68 days on the market.
Home sales in February can provide homeowners with the most profit, while home sales in July can provide homeowners with the fastest sale.
The affordability index in Pompano Beach is 97. This number indicates decreased affordability in this city.
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.