Real Estate Investing in Pembroke Pines, Florida (33029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33029 (Pembroke Pines, FL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (33029)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33029 Pembroke Pines
The 33029 ZIP covers a section of Pembroke Pines that demands careful diligence. Prices near $715K look accessible, but the work to make a deal cash flow is real.
The 33029 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 33029 sits on the difficult end of the FL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Looking more closely, 44,109 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.
appears to 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 33029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $428,523 | $3,230 | 5.4% | +7.7% | $214,261 |
| 3BR | $596,475 | $4,450 | 5.4% | +8.7% | $198,825 |
| 4BR | $753,780 | $5,410 | 5.2% | +9.4% | $188,445 |
| 5BR | $993,254 | — | — | +10.2% | $198,651 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33029 Compare?
| Metric | 33029 | Pembroke Pines | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $715,469 | $578,074 | N/A | $374,697 |
| 5-Year CAGR | 6.1% | 5.7% | N/A | 7.4% |
| Avg Rent | $4,095 | $3,270 | N/A | - |
| Cap Rate | 4.5% | 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 33029 (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 | $715,469 |
| Monthly Rent | $4,095 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 33029
Population: 44,109
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 33029
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
Frequently Asked Questions
What are vacancy rates like in Pembroke Pines, FL?
Expect elevated vacancy in Pembroke Pines, FL. Rents at $4,095/mo are absorbed by the tenant base without meaningful lag.
What are rental rates like in Pembroke Pines, FL?
Rent in Pembroke Pines, FL is around $4,095/mo. The resulting rent-to-value relationship with $715K pricing is reasonable for most investor models.
What price range are homes in Pembroke Pines, FL?
Typical homes in Pembroke Pines, FL go for around $715K. The 5-year CAGR of 0.0% measured price movement.
Are landlord laws favorable in Pembroke Pines, FL?
FL law landlord-friendly for landlords, and Pembroke Pines inherits those rules. Investors should still review local ordinances for rental licensing.
Is Pembroke Pines, FL a smart market for rental property?
Our data puts Pembroke Pines, FL at 3.0/5 for investability. Home prices of $715K and rents around $4,095/mo create a solid backdrop for investor activity.
You know 33029 now. You don’t know where it ranks.
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How 33029 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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Community Ratings
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