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Pembroke Pines Introduction
Pembroke Pines is located in Broward County in southeastern Florida. It is located 15 minutes west of Hollywood, 25 minutes north of Miami, and 20 minutes southwest of Fort Lauderdale. Pembroke Pines is bounded by major highways (Interstate 95 to the east and Interstate 75 to the west) and is only a short drive from the coast.
Pembroke Pines Neighborhoods
Pembroke Pines has seen major expansion since Hurricane Andrew in 1992. A great deal of this expansion is in subdivisions west of Interstate 75 in an area commonly referred to as West Pines.
Pembroke Pines Real Estate
By 2005, there were slightly over 68,000 housing units in Pembroke Pines, Florida according to US Census Bureau estimates. 78% of Pembroke Pines homes were owner occupied, 22% renter occupied, and 6.8% vacant. The owner occupancy rate in Pembroke Pines is substantially higher than the United Stats as a whole. The vacancy rate is below the national average.
Pembroke Pines housing is relatively young. Over three quarters has been built since 1980 with 41.9% being built in the 1990s, and 12.8% built since 2000. The typical Pembroke Pines residence is 4 to 7 rooms in size with 2 to 3 bedrooms. A fairly large number (23.4%) have 4 or more bedrooms, and 14.3% have 8 or more rooms. As is common in most of southeastern Florida, electricity is the dominant form of heat for a Pembroke Pines residence.
As of 2005, a Pembroke Pines home had a median value of $279,800 (United States Census Bureau estimates), which was well above the national average of $167,500. 2005's median price also represented significant appreciation since 2000 when the median value of a Pembroke Pines home was worth $143,200. By Q2/2007, the median price of a Pembroke Pines home was up to $335,000.
75.3% of Pembroke Pines' owner-occupied homes have a mortgage loan. A large 33.5% of Pembroke Pines homeowners are also tapping into their home's equity with equity loans and second mortgages.
Median owner costs for a home in Pembroke Pines, Florida were $1,709 per month in 2005, well above the average for the US as a whole.
Pembroke Pines Property Taxes
The Broward County Property Appraiser's Office is responsible for valuing homes in Pembroke Pines for tax purposes. The Broward County Revenue Collector collects the property taxes for Pembroke Pines and Broward County. The median annual property tax bill for a home in Pembroke Pines was $2,961 as of 2005 according to US Census Bureau estimates.
Pembroke Pines Schools
Pembroke Pines is served by the Broward County Public School District. The Broward County Public Schools serving Pembroke Pines include:
Almost 84% of the Broward County Public School District's schools earned A and B grades in 2006 under the Florida's A+ Plan for Education, with 68% earning an A grade.
Pembroke Pines also has one of the largest charter school systems in the United States.
Pembroke Pines is also home to a campus for Broward Community College, and the Broward-Pines Center campus of Florida International University.
Pembroke Pines Economy
The economy of Pembroke Pines is similar to that of surrounding communities. Tourism is a major factor in the Pembroke Pines economy as has been development since Hurricane Andrew.
According to United States Census Bureau estimates, the median family income in Pembroke Pines was $69,267 in 2005. This was significantly above the national average ($55,832) and the Florida average ($50,465).
Pembroke Pines and Florida Mortgage and/or Real Estate Organizations
| Category | Value |
|---|---|
| Homes With No Mortgage | 11% |
| With A Mortgage | 89% |
| First Mortgage Only | 70% |
| Second Mortgage or Home Equity Loan | 19% |
| Second Mortgage Only | 10% |
| Home Equity Loan Only | 9% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 22.9% |
| Median Real Estate Taxes (2000) | $2,090 |
| Category | Value |
|---|---|
| Total Occupied | 51,981 |
| 1-Person Households | 24% |
| 2-Person Households | 32% |
| 3-Person Households | 17% |
| 4-Person Households | 16% |
| 5-Person Households | 7% |
| 6-Person Households | 2% |
| 7+-Person Households | 1% |
| Category | Value |
|---|---|
| Median Year Built | 1990 |
| Median Year Built (Owner Occupied) | 1990 |
| Median Year Built (Renter Occupied) | 1991 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 4% |
| Using Bottled/Tank Gas Heat | 0% |
| Using Electric Heat | 93% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 2% |
| Category | Value |
|---|---|
| No Bedrooms | 2% |
| 1 Bedroom | 9% |
| 2 Bedrooms | 31% |
| 3 Bedrooms | 35% |
| 4 Bedrooms | 20% |
| 5+ Bedrooms | 3% |
Rate quotes from multiple lenders for the Pembroke Pines area:
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