Pompano Beach, Florida Housing Market Prices
Pompano Beach 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 11% below the Florida median$276,182
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Median rent 2% above the Florida median$1,698
Housing Market Overview
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $276,182 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.4% | 11.2% | 7.5% |
| Median Gross Rent | $1,698 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pompano Beach is about 11% lower than in Florida. Rent is about 2% 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 Pompano Beach, up about 11.4% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Pompano Beach rose about 57.4% between 2015 and 2024, from $1,079 to $1,698. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Pompano Beach.
Buying the median-priced home in Pompano Beach costs roughly 13.6 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 Pompano Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $276,182 | $311,338 | $248,835 |
| Median Household Income | $67,318 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pompano Beach rose about 127.6%, while median household income rose about 47.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.5% | 57.7% | 58.5% |
| Rental Rate | 34.9% | 27.7% | 31.2% |
| Vacancy Rate | 21.6% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Pompano Beach has a homeownership rate of 43.5%, lower than the Florida average of 57.7%. Its housing vacancy rate is 21.6%, compared with 14.6% in Florida.
Housing Stock
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1974 | 1988 | 1978 |
| Median Number of Rooms | 4.3 | 5.2 | 5.5 |
The typical housing unit in Pompano Beach was built around 1974. On average, 2.4 people live in a home with about 4.3 rooms, staying for about 12.0 years on average.
Pompano Beach, FL Housing Compared With Nearby Cities
How Pompano Beach, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pompano Beach, FL | 108,674 | $276,182 #2/3 | $1,698 #3/3 | 55.5% #3/3 |
| Deerfield Beach, FL | 82,666 | $319,213 | $1,762 | 63.8% |
| Coconut Creek, FL | 57,412 | $261,114 | $2,040 | 65.5% |
Frequently Asked Questions
Common questions about the housing market in Pompano Beach, Florida.
What is the median home price in Pompano Beach, Florida?
The median home price in Pompano Beach, Florida is $276,182, lower than the Florida average of $311,338.
What is the average home price in Pompano Beach, Florida?
The typical home price in Pompano Beach, Florida, reported as the median sale price, is $276,182. 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 Pompano Beach, Florida?
The median gross rent in Pompano Beach, Florida is $1,698 per month, higher than the Florida average of $1,668.
What was the median gross rent in Pompano Beach in 2020?
In 2020, the median gross rent in Pompano Beach, Florida was $1,297 per month.
What is the price-to-rent ratio in Pompano Beach, Florida?
The price-to-rent ratio in Pompano Beach, Florida is about 13.6, meaning it would take roughly 13.6 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 Pompano Beach.
Are home prices or rent rising faster in Pompano Beach, Florida?
Both home prices and rent are rising in Pompano Beach, up about 11.4% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pompano Beach, Florida?
43.5% of households in Pompano Beach, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Pompano Beach, Florida?
The housing vacancy rate in Pompano Beach, Florida is 21.6%, higher than the Florida average of 14.6%.
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