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Pompano Beach real estate market overview
- Average Monthly Rent: $2,115
- Home Price/Value Percentage Change: 11.70%
- Median Home Value: $351,432
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 71
- 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 115,706, with a growth rate of 1.07% annually.
The job market has decreased by -7.72% over the last year. In ten years, job growth is predicted to be 40.44%. 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 PXC & M Holdings Inc, AAA Auto, City of Pompano Beach, The K company Realty, 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
- Cypress Bend
- Avalon Harbor
- Highlands
- Garden Isles
- Cresthaven
- Palm Aire
The average monthly rent is $2,115 for an average apartment size of 888 sq. feet.
There has been a 11.7% increase in Pompano Beach's median home value over the last year. As of 2023, the median home value is $351,432.
On average, homes in Pompano Beach sell after 71 days on the market.
Home sales in July can provide homeowners with the most profit, while home sales in February can provide homeowners with the fastest sale.
The affordability index in Pompano Beach is 105. This number indicates moderate affordability in this city.
The top ranked public schools are Broward Virtual Franchise, Heron Heights Elementary School, Riverglades Elementary School and Pompano Beach high School. This information derives from the school's combined math and reading proficiency data in testing.