Home Values in Pembroke Pines, Florida — 2026 Market Report
Updated March 2026 | Buyer's Market | +4.4% YoY
The median home value in Pembroke Pines, Florida is $445,000 as of March 2026, which is above the national median of $400,000. Home values in Pembroke Pines have increased by 4.4% over the past year and 24% over the last five years. With a population of 171,178 and a median household income of $62,250, the price-to-income ratio stands at 7.1x, making Pembroke Pines affordable for the average household.
Pembroke Pines Housing Market Conditions
| Metric | Pembroke Pines | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +4.4% | +3.8% |
| 5-Year Appreciation | +24% | +22.4% |
| Price per Sq Ft | $201 | $222 |
| Days on Market | 44 days | 45 days |
| Months of Supply | 5.1 | 3.5 |
| List-to-Sale Ratio | 96.3% | 98.5% |
| Monthly Homes Sold | 146 | — |
| Foreclosure Rate | 0.73% | 0.3% |
Home Value Trends in Pembroke Pines
A homeowner who purchased at the median price of $358,871 five years ago in Pembroke Pines would have gained approximately $86,129 in equity, representing a 24% return on investment. Over the past year alone, the typical homeowner gained $18,755 in home equity.
Affordability in Pembroke Pines, FL
With a median household income of $62,250 and a median home price of $445,000, the price-to-income ratio in Pembroke Pines is 7.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,356 compared to estimated monthly ownership costs of $2,432 gives a rent-vs-buy ratio of 1.03. In Pembroke Pines, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Pembroke Pines
The effective property tax rate in Florida is 0.86%. On a home valued at $445,000, the estimated annual property tax bill is $3,827, or approximately $319/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Pembroke Pines is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Pembroke Pines, FL?
The median home value in Pembroke Pines, Florida is $445,000 as of March 2026. Home values have changed +4.4% over the past year, with a 5-year appreciation of 24%.
Is Pembroke Pines a buyer's or seller's market?
Pembroke Pines is currently a buyer's market with 5.1 months of housing supply. Homes spend an average of 44 days on market, and the list-to-sale price ratio is 96.3%. Higher inventory gives buyers more negotiating power.
Are home values going up in Pembroke Pines?
Yes, home values in Pembroke Pines have increased by 4.4% over the past year. The 5-year appreciation rate is 24%, meaning a home worth $358,871 five years ago is now worth $445,000.
Is it better to rent or buy in Pembroke Pines?
The average monthly rent in Pembroke Pines is $2,356, while estimated monthly homeownership costs are approximately $2,432. The price-to-rent ratio is 15.7. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Pembroke Pines, Florida is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.