Pembroke Pines, Florida Housing Market Prices
Pembroke Pines Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 24% below the Florida median$235,958
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Median rent 23% above the Florida median$2,047
Housing Market Overview
| Metric | Pembroke Pines | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,958 | $311,338 | $248,835 |
| Price Trend (Annual %) | 3.1% | 11.2% | 7.5% |
| Median Gross Rent | $2,047 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pembroke Pines is about 24% lower than in Florida. Rent is about 23% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pembroke Pines, up about 3.1% and 4.5% a year respectively. Rent is changing faster.
Median rent in Pembroke Pines rose about 42.9% between 2015 and 2024, from $1,433 to $2,047. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Pembroke Pines.
Buying the median-priced home in Pembroke Pines costs roughly 9.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Pembroke Pines. The price-to-rent ratio in Florida is about 15.6.
| Metric | Pembroke Pines | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,958 | $311,338 | $248,835 |
| Median Household Income | $82,599 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pembroke Pines rose about 24.6%, while median household income rose about 27.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pembroke Pines | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 57.7% | 58.5% |
| Rental Rate | 29.1% | 27.7% | 31.2% |
| Vacancy Rate | 3.7% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Pembroke Pines has a homeownership rate of 67.3%, higher than the Florida average of 57.7%. Its housing vacancy rate is 3.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Pembroke Pines | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1989 | 1988 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Pembroke Pines was built around 1989. On average, 2.6 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Pembroke Pines, FL Housing Compared With Nearby Cities
How Pembroke Pines, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pembroke Pines, FL | 166,487 | $235,958 #2/2 | $2,047 #2/2 | 69.8% #1/2 |
| Miramar, FL | 139,534 | $439,673 | $2,099 | 68.5% |
Frequently Asked Questions
Common questions about the housing market in Pembroke Pines, Florida.
What is the median home price in Pembroke Pines, Florida?
The median home price in Pembroke Pines, Florida is $235,958, lower than the Florida average of $311,338.
What is the average home price in Pembroke Pines, Florida?
The typical home price in Pembroke Pines, Florida, reported as the median sale price, is $235,958. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Pembroke Pines, Florida?
The median gross rent in Pembroke Pines, Florida is $2,047 per month, higher than the Florida average of $1,668.
What was the median gross rent in Pembroke Pines in 2020?
In 2020, the median gross rent in Pembroke Pines, Florida was $1,559 per month.
What is the price-to-rent ratio in Pembroke Pines, Florida?
The price-to-rent ratio in Pembroke Pines, Florida is about 9.6, meaning it would take roughly 9.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Pembroke Pines.
Are home prices or rent rising faster in Pembroke Pines, Florida?
Both home prices and rent are rising in Pembroke Pines, up about 3.1% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Pembroke Pines, Florida?
67.3% of households in Pembroke Pines, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Pembroke Pines, Florida?
The housing vacancy rate in Pembroke Pines, Florida is 3.7%, lower than the Florida average of 14.6%.
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