Pompano Beach Real Estate Market Overview
Public School Ranking:
Selling a home in Pompano Beach, FL
The median home value in Pompano Beach is $235,574, but that number is predicted to fall by 1.8% within the next year. If you’re interested in a profitable sale, aim for the month of July. During July, homes sell for 6.84% more than the yearly average. If you’re more interested in a quick sale, try selling during the month of February. February sales have shown to be 9 days faster than the sales of any other month. For those solely looking for the best way to sell their home quick, we suggest using an iBuyer. Realtor fees, repairs and marketing can be financially strenuous. Plus, cleaning out your home can take weeks or even months. With an iBuyer, you won’t have to worry about any of that. In 24 hours, you could receive an all-cash offer from an iBuyer in your residential area.
Location & Weather
Pompano Beach is in Broward County, Florida. It lies along the coast of the Atlantic Ocean, and is near the Hillsboro Inlet. It’s also just a short drive from the city of Ft. Lauderdale, and offers around 3 miles of beachfront views. In true Florida fashion, this city is filled with a strong real estate market, impressive job growth, a warm climate and an exceptionally beachy lifestyle. Pompano is kid-friendly, and has tons to offer in terms of recreation. Its natural beauty can be attributed to the many beaches, parks, piers, and golf courses found here. Some of these attractions include Pompano Beach Airpark, Fern Forest Nature Park, Pompano Community Park and Butterfly World, which is the largest butterfly park in the world. If you’re someone who’s more interested in some in-door fun, check out the Isle Casino Racing Pompano Park, the Hillsboro Antique mall, Festival Marketplace, or the 26 Degree Brewing Company.
The weather in Pompano consists of oppressive summers and comfortable but humid winters. Summers have high temperatures in the 80’s and lows in the 70’s, while winters have high temperatures in the 70’s and lows in the 60’s.
Population, Job Market & Cost of Living
The population in this city is 107,500. The job growth here has increased by 1.9% over the last year and in ten years, is predicted to have increased by 40.4%. Some of the best industries to work for in Pompano are retail trade, construction, and health care and social assistance. The highest paying industries include information, professional, scientific and technical services, and finance and insurance. Several large companies to work for in this city include Point Blank Enterprises, Alpine Engineered Products, Stonegate Bank, Balistreri Realty and Material Handling Systems. The cost of living is higher than the national average, making it a more expensive place to live in.
Despite its higher cost of living, Pompano Beach continues attracting home buyers because of the beach-side views and laid-back lifestyle it offers.