33066, Pompano Beach, FL

The 33066 zip code of Pompano Beach, FL has a median home value of $236,000 and a median home equity value of $131,000. The average home in the 33066 zip code was built in 1985 and is about 2,500 square feet. Approximately 60% of the homes in the 33066 zip code are owner-occupied while 40% are rented.

Home prices have been on the rise in the 33066 zip code for the past few years. In January 2017, the median home value was $235,000 which increased to $236,000 by December 2017. The average monthly rent for a two-bedroom apartment increased from $1,050 to $1,200 between January 2017 and December 2017. This indicates that more people are choosing to live in this area due to its increasing home values and low monthly rent prices.

There are several factors that could be contributing to this increase in home values and home equity within the 33066 zip code:

-The population of Pompano Beach is growing rapidly which could lead to an increase demand for housing;

-The economy is improving which could lead to more people being able to afford homes;

-The availability of affordable housing has decreased which could lead some people who would have otherwise been able to buy a house to instead rent;

-There has been an increase in investment opportunities within this area due to its proximity to both Miami and Fort Lauderdale;

-The construction industry has seen an uptick recently due to stricter regulations on building materials that have led builders to use more high quality materials such as concrete which can result in higher prices when constructing new homes or remodeling older ones.