33063, Pompano Beach, FL

The 33063 zip code of Pompano Beach, FL is a coastal community located in Broward County. Home prices in this area have been on the rise for the past few years, and as of July 2016, the median home price was $269,000. This is an increase of over 10% from 2015 when the median home price was $248,000.

There are a number of factors that have contributed to the increase in home prices in this area. One reason is that Pompano Beach is a desirable location with plenty of amenities and access to both the Atlantic Ocean and Intracoastal Waterway. Additionally, there has been an influx of affluent families moving into this area due to its high quality schools and low crime rates.

Despite these positive factors, there are some challenges that homeowners in this area face. One issue is that there is a limited supply of homes available for sale due to zoning restrictions and regulations put in place by local government officials. This has resulted in bidding wars between buyers vying for limited properties, which has driven up prices even further. Another challenge faced by homeowners in this area is that interest rates are currently at historic lows which makes it difficult for them to borrow money against their homes equity.