33069, Pompano Beach, FL

The 33069 zip code of Pompano Beach, FL is located in Broward County and has a population of approximately 129,000. Home prices in the 33069 zip code have increased significantly over the past few years and are now among the highest in Broward County. The median home price in the 33069 zip code was $263,500 as of September 2017.

The main drivers of home prices in the 33069 zip code are strong demand and limited supply. There is a high demand for homes due to strong job growth and an influx of new residents into Broward County. Additionally, there is a limited number of homes available for sale which has driven up prices. The availability of homes for sale is also impacted by restrictions on building new homes due to zoning laws and environmental concerns.

Despite the strong demand for homes, there are some risks associated with buying a home in the 33069 zip code. One risk is that interest rates could rise which would make it more expensive to borrow money to buy a home. Another risk is that the market could crash which would lead to lower home prices. Finally, there is always the possibility that you may not be able to sell your home at its current value if you decide to sell later on down the road.