Pompano Beach, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pompano Beach, FL Housing Market Trends

With a population of 112,118, 41,727 total housing units (homes and apartments), and a median house value of $280,025, Pompano Beach real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Pompano Beach, accounting for 56.86% of the city's housing units. Other types of housing that are prevalent in Pompano Beach include single-family detached homes ( 29.83%), duplexes, homes converted to apartments or other small apartment buildings ( 8.15%), and a few row houses and other attached homes ( 3.59%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Pompano Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Pompano Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pompano Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pompano Beach built between 1940-1969 ( 36.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.50%).

Vacant housing appears to be an issue in Pompano Beach. Fully 23.43% of the housing stock is classified as vacant. Left unchecked, vacant Pompano Beach homes and apartments can be a drag on the real estate market, holding Pompano Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pompano Beach Home Appreciation Rates

In the last 10 years, Pompano Beach has experienced some of the highest home appreciation rates of any community in the nation. Pompano Beach real estate appreciated 87.65% over the last ten years, which is an average annual home appreciation rate of 6.50%, putting Pompano Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pompano Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Pompano Beach's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Pompano Beach's appreciation rate has been 1.47%, which annualizes to a rate of 6.03%.

Notably, Pompano Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Pompano Beach's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pompano Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pompano Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pompano Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$280,025

Pompano Beach, FL HOME PRICES

> $1,206,000
1.4%
1.4%
$905,001 - $1,206,000
2.2%
2.2%
$603,001 - $905,000
4.7%
4.7%
$483,001 - $603,000
6.0%
6.0%
$362,001 - $483,000
12.2%
12.2%
$241,001 - $362,000
20.8%
20.8%
$121,001 - $241,000
34.6%
34.6%
$60,001 - $121,000
11.2%
11.2%
$0 - $60,000
6.9%
6.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
41,727

Pompano Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
146.50% 4.39%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,749 / per month

Homeownership Rate

Owners
51.3%
51.3%
Renters
48.7%
48.7%
Vacant
23.4%
23.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.5%
8.5%
1970 - 1999
54.3%
54.3%
1940 - 1969
36.3%
36.3%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
29.8%
29.8%
Townhomes
3.6%
3.6%
Small Apt. Buildings
8.2%
8.2%
Apt. Complexes
56.9%
56.9%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.8%
3.8%
1 Bedroom
17.1%
17.1%
2 Bedrooms
48.2%
48.2%
3 Bedrooms
25.7%
25.7%
4 Bedrooms
4.4%
4.4%
5 or more bedrooms
0.9%
0.9%
0.0% 100.0%
% OF HOMES