Real Estate Investing in Pembroke Pines, Florida (33024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33024 (Pembroke Pines, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Pembroke Pines, FL (33024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33024 Pembroke Pines
The 33024 ZIP in Pembroke Pines, FL is a local-operator market. Outside capital chasing a $474K entry has to pair deep knowledge with the discount.
For an experienced owner, 33024 can be a a viable market for hunting ground — but the discount at $474K reflects genuine risk that outside investors often underestimate.
In the broader FL picture, 33024 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A sturdy renter share of 35% in 33024 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Pembroke Pines:
Property Strategy for 33024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $186,505 | $1,870 | 7.2% | +6.1% | $186,505 |
| 2BR | $344,511 | $2,290 | 4.8% | +7.9% | $172,256 |
| 3BR | $496,935 | $3,160 | 4.6% | +8.6% | $165,645 |
| 4BR | $612,127 | $3,740 | 4.4% | +9.2% | $153,032 |
| 5BR | $896,303 | — | — | +9.8% | $179,261 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33024 Compare?
| Metric | 33024 | Pembroke Pines | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $474,393 | $578,074 | N/A | $374,697 |
| 5-Year CAGR | 6.0% | 5.7% | N/A | 7.4% |
| Avg Rent | $2,414 | $3,270 | N/A | - |
| Cap Rate | 4.0% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33024 (Pembroke Pines, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33024 (Pembroke Pines, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Broward County
Manage rentals here? List your business →Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
State Street Property Management offers property management services for owners, tenants, and associations. summary from their website
West Broward Community Management provides customized community association management services in Plantation, FL, including accounting, inspections, and handling owner/tenant requests. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $474,393 |
| Monthly Rent | $2,414 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -8.5% ▼ |
| 3-Year CAGR | -2.1% ▼ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33024
Population: 75,579
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33024
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 734 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Pembroke Pines, FL?
Pembroke Pines, FL rentals go for roughly $2,414/mo a month. That puts gross yield in solid territory relative to $474K acquisition costs.
Is Pembroke Pines, FL good for landlords?
Rental owners in Pembroke Pines, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How quickly do rentals get leased in Pembroke Pines, FL?
Vacancy in Pembroke Pines, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,414/mo.
How viable is house hacking in Pembroke Pines, FL?
Pembroke Pines, FL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $474K price point reasonable to enter.
What real estate strategy is ideal for Pembroke Pines, FL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Pembroke Pines, FL. The numbers - $474K homes against $2,414/mo rents - support that play.
You know 33024 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33024 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33024 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33024 (Pembroke Pines)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33024 (Pembroke Pines, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.