Real Estate Investing in Pembroke Pines, Florida (33028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33028 (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 (33028)?
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Market Analysis: 33028 Pembroke Pines
ZIP 33028 inside Broward County looks affordable on the surface — median value of $675K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33028 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 33028's metrics run below Broward County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
In practical terms, 27,984 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 33028 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Pembroke Pines:
Property Strategy for 33028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $420,815 | $3,210 | 5.5% | +7.6% | $210,408 |
| 3BR | $570,874 | $4,420 | 5.6% | +8.4% | $190,291 |
| 4BR | $754,452 | $5,240 | 5.0% | +9.0% | $188,613 |
| 5BR | $960,934 | — | — | +9.7% | $192,187 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33028 Compare?
| Metric | 33028 | Pembroke Pines | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $675,372 | $578,074 | N/A | $374,697 |
| 5-Year CAGR | 5.6% | 5.7% | N/A | 7.4% |
| Avg Rent | $3,624 | $3,270 | N/A | - |
| Cap Rate | 4.2% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33028 (Pembroke Pines, FL). Anonymous, moderated, never written by AI.
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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 | $675,372 |
| Monthly Rent | $3,624 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 33028
Population: 27,984
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 33028
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
SILVER SHORES ELEMENTARY SCHOOL
COCONUT PALM ELEMENTARY SCHOOL
CORAL COVE ELEMENTARY SCHOOL
DOLPHIN BAY ELEMENTARY SCHOOL
SOMERSET ACADEMY ELEMENTARY (MIRAMAR CAMPUS)
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
Frequently Asked Questions
Is Pembroke Pines, FL a good place for real estate investing?
Investors tracking Pembroke Pines, FL will find a 3.0/5 rating supported by $675K median home values and $3,624/mo rents. That profile suits long-term holders targeting consistent returns.
Is Pembroke Pines, FL better for rentals, flips, or BRRRR?
In Pembroke Pines, FL the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $675K prices and $3,624/mo rents suits that approach.
Should investors worry about vacancy in Pembroke Pines, FL?
Occupancy in Pembroke Pines, FL runs stable with elevated vacancy. Well-priced units at $3,624/mo lease on reasonable timelines.
Can I live-in-and-rent in Pembroke Pines, FL?
For house hackers, Pembroke Pines, FL is a challenging. The $3,624/mo rent on a unit helps defray the mortgage on a $675K property.
How much is rent in Pembroke Pines, FL?
Expect rents around $3,624/mo per month in Pembroke Pines, FL. With home values at $675K, the yield math works out to reasonable levels for rental investors.
You know 33028 now. You don’t know where it ranks.
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How 33028 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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Community Ratings
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