Pompano Beach appreciation rates and housing market information

Pompano Beach housing market information

With a population of 78,301, 44,393 total housing units (homes and apartments), and a median house value of $205,451, 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 60.94% of the city's housing units. Other types of housing that are prevalent in Pompano Beach include single-family detached homes (23.86%), duplexes, homes converted to apartments, or other small apartment buildings (9.90%), row houses and other attached homes (2.82%), and a few mobile homes or trailers (2.37%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

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 1970-1994, 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 Pompano Beach built from 1940-1969 (37.91%). A lesser amount of the housing stock also hails from 1995 and later (3.31%), and some were built from 1939 and earlier (3.31%).

Pompano Beach home appreciation rates

Appreciation rates for homes in Pompano Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.33%, which ranks in the top 20% nationwide. This equates to an annual average Pompano Beach house appreciation rate of 10.63%.

Over the last year, Pompano Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Pompano Beach's appreciation rate has been -22.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pompano Beach were at -1.80%, which equates to an annual appreciation rate of -7.20%.

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 higher than 9% 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 1990, to assist you in making the best Pompano Beach real estate investment or home purchase decisions.