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Pompano Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,308
Monthly Cash Flow
-$22
Principal + Equity
$2,406
Annual Total Gain
$28,608
Cash on Cash
-0.3%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$228
Occupancy Rate
61.29%
Monthly Revenue
$2,804
Monthly Cash Flow
$53
Principal + Equity
$2,406
Annual Total Gain
$29,510
Cash on Cash %
0.73%
Net ROI %
Market Health & Growth
Median Income
$63,832
Population
112,212
LTR Renter %
46.35%
Forecast (1 yr)
1.9%
Appreciation (1 yr)
-6.03%
Appreciation (5 yr)
43.25%
Appreciation (10 yr)
102.65%
Job Growth
1.29%
LTR Rentability
Moderate
STR Demand
60
STR Rentals
3,087
Top Public Schools
AA.D. Henderson University School & FAU High School
AThe College Academy at Broward College
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#29out of 229 markets
Most Diverse Suburbs in America
#79out of 6805 markets
Best Cities to Retire in America
#20out of 229 markets
B-
Public School
D
Crime And Safety
D
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Pompano Beach, FL.
In Pompano Beach, FL, Short Term Rentals (STRs) are regulated by the city's Code Compliance Department. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Licensing: All STRs in Pompano Beach must be licensed by the city. This includes obtaining a business tax receipt and paying the necessary fees.
2. Zoning: STRs are only allowed in certain zoning districts in Pompano Beach. Investors should check the city's zoning map to ensure that the property they are interested in purchasing is located in a zone where STRs are permitted.
3. Occupancy limits: Pompano Beach has specific occupancy limits for STRs, which vary depending on the size of the property. Investors should ensure that the property they are considering purchasing complies with these limits.
4. Noise and nuisance regulations: STRs in Pompano Beach must comply with noise and nuisance regulations, including quiet hours and restrictions on outdoor gatherings. Investors should be aware of these regulations and ensure that their property is in compliance.
5. Safety regulations: STRs in Pompano Beach must meet certain safety requirements, such as having working smoke detectors and fire extinguishers. Investors should ensure that their property meets these requirements before renting it out.
6. Taxes: Investors should be aware that they may be required to collect and remit tourist development taxes and sales taxes on rental income from their STR property in Pompano Beach.
Overall, investors looking to purchase a property for Short Term Rental purposes in Pompano Beach should thoroughly research and understand the city's regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Pompano Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Pompano Beach, FL.
The LTR Genie Score of Pompano Beach, FL is 76 and STR Genie Score is 77, indicating a high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, suggesting a stable market for long-term rentals. The LTR Net ROI of 32.66% and STR Net ROI of 33.68% are both strong indicators of potential profitability in the market. The 1-Year Price Appreciation Forecast of 1.9% shows a positive outlook for property value growth. The STR Occupancy rate of 61.29% and STR Revenue of 2804 demonstrate a healthy demand for short-term rentals in the area.
Pompano Beach, FL is a coastal city known for its beautiful beaches, vibrant culinary scene, and numerous recreational activities. The city has seen significant development in recent years, making it an attractive destination for both tourists and residents alike.
In conclusion, Pompano Beach, FL appears to be a promising market for both long-term and short-term rental investments. With high Genie Scores, strong ROI metrics, and positive price appreciation forecast, investors may find success in this market. Consider diversifying your portfolio by exploring opportunities in both long-term and short-term rentals in Pompano Beach.
LTR Genie Score 93
$199,900
🛏 2 Beds🛁 2.0000 Baths🏙 1,399 sqft.🏠 CONDO
2200 S Cypress Bend Drive #707, Pompano Beach, FL 33069