Rent vs buy in Pembroke Pines, FL

In Pembroke Pines, Florida, typical rent is $2,570 /mo and a typical home is $486,731.

Buy

Over 7 years, buying comes out ahead by $22k

Today's mortgage rate and a 20% down payment are paired with Pembroke Pines's typical home value and rent. The break-even point is year 6.

Clearly labeled opinion with the math shown. These are estimates, not quotes. When you change a number, the stamp changes too.

Ownership leads by: $22k
Break-even point: year 6
Actual cost of ownership: $4,392 /mo

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The stamp draws on Pembroke Pines's typical home value and rent. Your rent, price and time period can change the result.

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Is it cheaper to rent or buy in Pembroke Pines?

Over 7 years, buying costs $21,658 less when you include the money returned after selling. In year 6, owning's net cost falls below renting's and remains lower.

Renting. Owning. Net cost by year so far.

Average rent compared with mortgage payment in Pembroke Pines

At Pembroke Pines's typical price, this list covers every monthly cost during year 1, not just rent and the mortgage.

Each month, year 1	Amount	What it is
Rent	$2,570	All of it, every month
Mortgage payment	$2,654	$2,339 of it is interest in year 1
Property tax	$365	0.9% of the value a year
Insurance	$288	Census median for the city
Upkeep	$406	1% of the value a year
Owning, cash out	$3,712	$315 of it builds equity
Lost return on the down payment	$791	What the money would bring in at 8.3% a year
Buying costs, spread out	$203	3.5% of the price over 7 years
True cost of owning	$4,392	The two lines above, plus cash out minus the equity part.

The Pembroke Pines verdict explained by the numbers

Typical home value: Zillow ZHVI, September 2026: $486,731
Typical rent: Zillow ZORI, September 2026: $2,570 /mo
The engine doesn't model private mortgage insurance, which a 20% down payment avoids: 20%
Mortgage rate: Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US): 7.24%
Growth in home values FHFA house price index for Florida, 1995 to 2025: 5.4% each year.
Rent growthyearly CPI growth for primary residence rent, 2006 to 2026: 3.5% each year.
Return on savings60% S&P 500, including dividends, with 40% 10-year Treasuries; rebalanced each year; 1928 to 2025: 8.3% each year
Property tax from Census ACS 2020-2024, Pembroke Pines: 0.9% of the value.
Home insurance from Census ACS 2020-2024, Pembroke Pines: The monthly cost is $288.
MaintenanceFannie Mae, lower end of 1% to 4%: Each year, 1% of value
Buying costsFreddie Mac, 2% to 5%, middle: 3.5% of the price.
Selling costsAgent commission and closing costs: 6% of the price.

What would reverse the Pembroke Pines result?

Each line marks where Pembroke Pines's 7-year verdict changes while everything else stays the same.

When renting wins

Home-price growth below 4.9% each year. We use 5.4% for Florida's long-run rate assumption.
The mortgage rate remains above 8.02%.
A home like this costs less than $2,340 each month to rent (typical local level: $2,570).
You move earlier than year 6.

When buying wins

Home prices rise faster than 4.9% a year.
You secure a mortgage rate under 8.02% (the current rate is 7.24%).
Your monthly rent for that home would exceed $2,340.
You remain for 6 years or longer.

How Pembroke Pines compares with the other 812 cities

Measure	Pembroke Pines	Median city
Typical home value	$486,731	$422,451
Typical rent	$2,570 /mo	$1,837 /mo
Price-to-rent ratio	15.8 (#576 of 813)	18.5
Home prices, last 10 years	6.4% a year	6.2% a year
Property tax	0.90%	0.87%
Households that rent	30%	42%

Sources: Zillow ZHVI, ZORI, Census ACS 2020-2024.

Cities apart from Pembroke Pines in Florida

Buy in Jacksonville, FL. Buying wins by $27k.
Buying in Fort Lauderdale, FL comes out ahead by $25k.

Florida rent vs buy: the state's numbers