Pembroke Pines Home Prices: $569K, Down 4.0% — 4 ZIPs Analyzed (2026)
$569,453. That’s the median home value in Pembroke Pines right now — and it’s heading in the wrong direction for sellers. Prices have dropped 4.0% over the past year, with declines recorded every single month since March 2025.
Quick answer: The average home price in Pembroke Pines, FL is $569,453 as of February 2026, down 4.0% year over year according to Zillow.
Current Home Prices in Pembroke Pines
The Pembroke Pines housing market has cooled off after years of rapid gains across South Florida. Here’s a snapshot of where things stand.
| Metric | Value |
|---|---|
| Median Home Value | $569,453 |
| Year-over-Year Change | -4.0% |
| Lowest ZIP Median | $445,308 |
| Highest ZIP Median | $702,711 |
| Number of ZIP Codes | 4 |
| Data as of | February 2026 |
That 4.0% annual decline translates to roughly $24,000 less in home equity over the past year for the typical homeowner. The gap between the cheapest and most expensive ZIP codes is over $257,000, which means where you buy within city limits matters a lot.
Prices peaked around March 2025 at $593,476 and have drifted lower each month since. The decline has been gradual — about $2,000 per month on average — rather than a sharp correction. Buyers who waited have gained some purchasing power, though the median still sits well above the $500,000 mark.
Pembroke Pines Home Prices by Neighborhood
Pembroke Pines spans four ZIP codes with a wide range of home values. The difference between the most and least expensive areas is $257,403.
| ZIP Code | Median Home Value | Avg Monthly Rent |
|---|---|---|
| 33029 | $702,711 | $4,185 |
| 33028 | $667,616 | $3,282 |
| 33024 | $462,180 | $2,518 |
| 33026 | $445,308 | $2,697 |
Most Expensive
33029 tops the list at $702,711 — 23% above the city median — with rents to match at $4,185 per month. 33028 follows at $667,616 with rents of $3,282, making it the better value among the premium ZIP codes.
Most Affordable
33026 is the cheapest place to buy in Pembroke Pines at $445,308, about 22% below the city median. 33024 comes in at $462,180 and offers the lowest rents in the city at $2,518 per month. Both ZIP codes sit well under the $500,000 mark, giving first-time buyers a realistic entry point in the Miami metro.
Rent vs Buy in Pembroke Pines
Rents in Pembroke Pines range from $2,518 to $4,185 per month depending on ZIP code.
| ZIP Code | Median Home Value | Monthly Rent | Est. Mortgage Payment* |
|---|---|---|---|
| 33026 | $445,308 | $2,697 | ~$2,680 |
| 33024 | $462,180 | $2,518 | ~$2,780 |
| 33028 | $667,616 | $3,282 | ~$4,020 |
| 33029 | $702,711 | $4,185 | ~$4,230 |
*Estimated monthly principal and interest on a 30-year fixed mortgage at 7.0% with 20% down. Does not include property taxes, insurance, or HOA fees.
In 33024, renting is cheaper than buying by about $260 per month before you even add taxes and insurance. In 33029, renting actually saves less relative to the mortgage payment — the gap narrows to about $45 per month on principal and interest alone. Once you factor in Florida property taxes, insurance, and HOA fees (common in Pembroke Pines), buying costs $400 to $800 more per month than renting in most ZIP codes.
With prices falling 4.0% per year, renters aren’t missing out on appreciation right now. That calculus changes if the decline slows or reverses.
Population Growth and Migration
Pembroke Pines has been steadily adding residents. The city’s population reached 179,326 in 2024, a 4.8% increase from 171,086 in 2020.
| Year | Population |
|---|---|
| 2020 | 171,086 |
| 2021 | 169,400 |
| 2022 | 171,573 |
| 2023 | 174,694 |
| 2024 | 179,326 |
The population dipped slightly in 2021 — a pattern seen in many Florida cities during the pandemic reshuffle — then rebounded and accelerated. The 2023-to-2024 jump of 4,632 residents was the largest single-year gain in the dataset.
How does Pembroke Pines compare to other Florida cities?
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Port St. Lucie | 258,575 | 25.0% |
| Cape Coral | 233,025 | 19.2% |
| Miami | 487,014 | 10.0% |
| Orlando | 334,854 | 8.8% |
| Tampa | 414,547 | 6.7% |
| Pembroke Pines | 179,326 | 4.8% |
Pembroke Pines is growing slower than most comparison cities. Port St. Lucie and Cape Coral — both more affordable markets — are absorbing far more newcomers. Still, a 4.8% gain means roughly 8,240 new residents in four years, adding steady demand for housing even as prices pull back.
Pembroke Pines Housing Market Trends
The 12-month trend tells a clear story: prices have declined every month since March 2025.
| Month | Median Value | Low | High |
|---|---|---|---|
| Mar 2025 | $593,476 | $465,505 | $730,465 |
| Apr 2025 | $590,530 | $463,242 | $726,946 |
| May 2025 | $586,946 | $460,641 | $722,412 |
| Jun 2025 | $583,433 | $458,278 | $717,734 |
| Jul 2025 | $579,299 | $455,316 | $712,447 |
| Aug 2025 | $575,988 | $453,206 | $708,154 |
| Sep 2025 | $573,711 | $451,489 | $705,430 |
| Oct 2025 | $572,624 | $450,283 | $704,534 |
| Nov 2025 | $571,596 | $448,831 | $703,890 |
| Dec 2025 | $570,672 | $447,423 | $703,279 |
| Jan 2026 | $569,691 | $446,099 | $702,446 |
| Feb 2026 | $569,453 | $445,308 | $702,711 |
The drop from March 2025 to February 2026 totals $24,023 — a 4.0% decline. The pace of decline has slowed noticeably in recent months. From March to August 2025, the median fell about $3,500 per month. From November 2025 to February 2026, the monthly drop shrank to under $1,000.
Both the low and high ends of the market have moved in parallel. The most expensive ZIP lost about $28,000 while the least expensive lost about $20,000 over the same period.
Is Pembroke Pines a Good Place to Buy in 2026?
The numbers point to a buyer-friendly market. Prices are falling, inventory pressure is easing, and sellers have less bargaining power than they did a year ago.
For buyers, the math is improving month by month. You’re paying $24,000 less for the median home than you would have in March 2025. If you’re buying in the 33026 or 33024 ZIP codes, you can get into the market under $465,000 — well below the broader Miami metro median.
The risks are real, though. Falling prices mean you could be underwater on your purchase if the decline continues. Florida’s rising insurance costs add to the true cost of ownership in ways that don’t show up in the sticker price. And with population growth lagging behind cities like Cape Coral and Port St. Lucie, demand isn’t as strong here as in faster-growing Florida markets.
If you plan to hold for 5+ years and can handle the carrying costs, the entry price is better now than it’s been in over a year.
Pembroke Pines Housing Market Outlook for 2026-2027
The rate of decline is slowing. From a $3,500-per-month drop in mid-2025, the market has decelerated to under $1,000 per month in early 2026.
If the current pace continues, prices may flatten out by mid-2026 rather than continue a steep slide. The 3-month trend from December to February shows monthly declines of $981, $781, and $238 respectively — each smaller than the last.
A full reversal back to price growth would require either a meaningful drop in mortgage rates, a pickup in migration, or a tightening of inventory. None of those are visible in the data right now. The most likely scenario for the rest of 2026 is a soft landing: prices stabilize in the $560,000 to $575,000 range with low single-digit annual changes in either direction.
Similar Markets in FL
If you’re comparing options across Florida, these markets offer useful reference points:
- Fort Lauderdale — just north of Pembroke Pines and part of the same metro area, giving you a direct neighbor comparison.
- Miramar — borders Pembroke Pines to the east and shares many of the same school zones and commute routes.
- Port Saint Lucie — growing 25% in four years, a popular destination for buyers priced out of Broward County.
- Tampa — Florida’s other major metro, often compared to South Florida for relocation decisions.
- Homestead — south of Miami, typically one of the more affordable options in the South Florida corridor.
Frequently Asked Questions
What is the average home price in Pembroke Pines?
The average home price in Pembroke Pines is $569,453 as of February 2026. This figure represents the median across all four city ZIP codes, where values range from $445,308 in 33026 to $702,711 in 33029.
Are home prices going up or down in Pembroke Pines?
Prices are going down. The median has fallen 4.0% year over year, dropping from $593,476 in March 2025 to $569,453 in February 2026. Every month in the past 12 has recorded a decline, though the pace has slowed significantly since late 2025.
Is it cheaper to rent or buy in Pembroke Pines?
Renting is cheaper in most cases. Monthly rents range from $2,518 in 33024 to $4,185 in 33029. A mortgage on the city median of $569,453 would run about $3,425 per month in principal and interest alone — before property taxes, insurance, and HOA fees push total costs higher.
What is the most affordable neighborhood in Pembroke Pines?
ZIP code 33026 has the lowest median home value at $445,308. It’s 22% below the city average. Rent there averages $2,697 per month. Nearby 33024 is a close second at $462,180 with even lower rents at $2,518.
Is Pembroke Pines growing or shrinking?
Pembroke Pines is growing. The population increased from 171,086 in 2020 to 179,326 in 2024 — a 4.8% gain. Growth accelerated in 2023 and 2024, with the city adding over 4,600 residents in the most recent year alone.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.