Total monthly cost of ownership
Cost to Own a Home in Pembroke Pines, Florida
A $412,000 home here costs
$3,416per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $146,500 a year.
A standard mortgage calculator would have told you $2,282. The real number is $1,133 higher every month, 50% more than the payment most buyers budget for.
Compare Broward County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pembroke Pines against Broward County and Florida
| Measure | Pembroke Pines | Broward County |
|---|---|---|
| Median home value | $411,700 | $380,400 |
| Median property tax | $3,685 | $3,610 |
| Effective tax rate | 0.895% | 0.949% |
| Median gross rent | $1,910 | $1,804 |
| Population | 170,557 | 1,946,127 |
The weather behind that power bill
Pembroke Pines sits in Broward County, which averages a high of 91.4°F in its hottest month and a low of 59.1°F in its coldest, with 56.5" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 4,476 cooling and 146 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for Broward County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Broward County
Full Broward County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Pembroke Pines averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Pembroke Pines every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pembroke Pines I already own here and may sell
Common questions
How much does it cost to own a home in Pembroke Pines?
A $412,000 home in Pembroke Pines, Florida costs approximately $3,416 per month with 20% down at 7.4%. That is $2,282 principal and interest, $307 property tax, $249 homeowners insurance, $234 utilities and $343 set aside for maintenance.
What is the property tax rate in Pembroke Pines?
Pembroke Pines has an effective property tax rate of 0.895%, based on a median home value of $411,700 and median real estate taxes of $3,685. That is lower than the Broward County average of 0.949%.
What is the average home price in Pembroke Pines?
The median owner-occupied home value in Pembroke Pines, Florida is $411,700, against $380,400 across Broward County.
Is it cheaper to rent or buy in Pembroke Pines?
Median gross rent in Pembroke Pines is $1,910 a month, against $3,416 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Pembroke Pines?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pembroke Pines, Florida at today's rate takes a household income of roughly $146,500 a year. That covers the full $3,416 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pembroke Pines, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.