Pembroke Pines appreciation rates and housing market information

Pembroke Pines housing market information

With a population of 137,112, 55,293 total housing units (homes and apartments), and a median house value of $266,236, Pembroke Pines real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Pembroke Pines, accounting for 48.18% of the city's housing units. Other types of housing that are prevalent in Pembroke Pines include large apartment complexes or high rise apartments (35.08%), row houses and other attached homes (13.35%), duplexes, homes converted to apartments, or other small apartment buildings (2.38%), and a few mobile homes or trailers (0.99%).

Dwellings in Pembroke Pines tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 50.56% of the homes in Pembroke Pines have two or fewer bedrooms.

There is a lot of housing in Pembroke Pines built from 1970-1994, 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 Pembroke Pines built from 1995 and later (30.44%). A lesser amount of the housing stock also hails from 1940-1969 (7.63%), and some were built from 1939 and earlier (7.63%).

Pembroke Pines home appreciation rates

In the last 10 years, Pembroke Pines has experienced some of the highest home appreciation rates of any community in the nation. Pembroke Pines real estate appreciated 119.27% over the last ten years, which is an average annual home appreciation rate of 11.92%, putting Pembroke Pines in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pembroke Pines definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Pembroke Pines appreciation rates have trailed the rest of the nation. In the last twelve months, Pembroke Pines's appreciation rate has been -21.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pembroke Pines were at -1.48%, which equates to an annual appreciation rate of -5.92%.

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

Relative to Florida, our data show that Pembroke Pines's latest annual appreciation rate is higher than 11% of the other cities and towns in Florida.