Pompano Beach, FL
Broward County · Pop. 113,898
Ranked #197 of 243 cities
28Crisis
Median Home Price
🏠$380K
5.0% YoY
Median Rent
🔑$1,800
4.0% YoY
Median Income
💰$48K
Rent Burden
📊38.5%
% of income to rent
Income to Buy
🏦$109K
annual income needed
Income to Rent
📝$72K
annual income needed
Price-to-Income
⚖️7.9x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,800/mo
Median rent
Need $72K/yr income
How Pompano Beach Compares
| Metric | Pompano Beach | Florida | National |
|---|---|---|---|
| Home Price | $380K | $381K | $410K |
| Rent | $1,800 | $1,719 | $1,500 |
| Income | $48K | $73K | $75K |
| Rent Burden | 38.5% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Pompano Beach are 7% lower than the national average.
- • Rent is 20% higher than the national average.
- • You need an income of $109K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.