Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,240, 2,415 total housing units (homes and apartments), and a median house value of $494,588, Pembroke Park real estate prices are well above average cost compared to national prices.
Mobile homes or trailers are the single most common housing type in Pembroke Park, accounting for 55.55% of the town's housing units. Other types of housing that are prevalent in Pembroke Park include large apartment complexes or high rise apartments ( 25.12%), duplexes, homes converted to apartments or other small apartment buildings ( 12.20%), and a few single-family detached homes ( 6.14%).
Pembroke Park is dominated by renter-occupied one, two, or no bedrooms apartments. 67.80% of Pembroke Park's dwellings are rentals.
There is a lot of housing in Pembroke Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pembroke Park built between 1940-1969 ( 27.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.59%).
A decent proportion of the Pembroke Park housing stock is seasonally occupied. That is, homes and condos in Pembroke Park are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Pembroke Park housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Pembroke Park has experienced some of the highest home appreciation rates of any community in the nation. Pembroke Park real estate appreciated 218.44% over the last ten years, which is an average annual home appreciation rate of 12.28%, putting Pembroke Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pembroke Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Pembroke Park that despite a nationwide downturn in the housing market, Pembroke Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pembroke Park appreciation rates continue to be some of the highest in America, at 16.83%, which is higher than appreciation rates in 98.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pembroke Park. Pembroke Park appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Pembroke Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Pembroke Park's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
$494,588
for Florida
for nation
2,415
$2,897 / per month