Rent vs buy in Pompano Beach, FL
In Pompano Beach, Florida, typical rent is $2,358 /mo and the typical home price is $350,137.
Over 7 years, buying comes out ahead by $64k
A 20% down payment and today's mortgage rate are paired with Pompano Beach's typical home value and rent. Your break-even point is year 3.
Clearly labeled opinion with the math shown. These figures are estimates, not quotes. If you change a number, the stamp changes with it.
- Owning leads by
- $64k after 7 years
- Break-even point
- Year 3 when owning catches up
- Full cost of ownership
- $3,146 /mo year 1, against $2,358 rent
Change my numbers
That stamp comes from Pompano Beach's typical rent figure and home value. Your rent, price and time period can change the result.
Do your numbers differ from the city's?
Enter the rent, price and down payment you want. The stamp updates with those numbers.
Is it cheaper to rent or buy in Pompano Beach?
Over 7 years, buying saves $64,189 after counting the money you receive when you sell. In year 3, ownership's net cost falls below renting's and remains lower.
The renting option. Owning. Net costs to date for each year.
Rent vs mortgage payment averages in Pompano Beach
At Pompano Beach's typical price, these are all the monthly costs in year 1. Rent and the mortgage don't tell the whole story.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $2,358 | All of it, every month |
| Mortgage payment | $1,909 | $1,683 of it is interest in year 1 |
| Property tax | $266 | 0.91% of the value a year |
| Insurance | $191 | Census median for the city |
| Upkeep | $292 | 1% of the value a year |
| Owning, cash out | $2,657 | $226 of it builds equity |
| Lost return on the down payment | $569 | The amount the cash would earn each year at 8.3%. |
| Buying costs, spread out | $146 | 3.5% of the price over 7 years |
| True cost of owning | $3,146 | Cash out with the equity part removed, plus the two lines above |
Numbers supporting the Pompano Beach result
- Typical home value from Zillow ZHVI, September 2026
- $350,137
- Typical rent from Zillow ZORI, September 2026
- $2,358 /mo
- With 20% down, no private mortgage insurance is needed. The engine doesn't model it.
- 20%
- The mortgage rate comes from Freddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US).
- 7.24%
- Growth in home pricesFHFA index of house prices, Florida, 1995 to 2025
- 5.4% each year
- Rent growth: CPI rent of primary residence, yearly growth 2006 through 2026
- 3.5% each year
- Return on savings: 60% S&P 500 (dividends included) plus 40% 10-year Treasuries, rebalanced each year, 1928 to 2025
- Each year: 8.3%
- Property tax: Census data, ACS 2020-2024, Pompano Beach
- 0.91% of the value
- Home insurance: Census data, ACS 2020-2024, Pompano Beach
- Each month: $191
- Maintenance: Fannie Mae, low end, 1% to 4%
- Each year, 1% of the value.
- Buying costs: Freddie Mac, the middle of 2% to 5%
- The amount is 3.5% of the price.
- Selling costs: Agent commission and closing costs
- The amount is 6% of the price.
What could change the Pompano Beach result?
Every line shows where the 7-year result in Pompano Beach changes, while all other factors stay the same.
When renting is the better choice
- Home prices rise by under 3.1% a year. Florida's long-run rate of 5.4% is the one we use.
- The mortgage rate holds above 10.46%.
- For a home like this, rent comes to under $1,670 a month (typical rent here: $2,358).
- You move earlier than year 3.
When buying is the better choice
- Home prices rise by more than 3.1% a year.
- You lock in a mortgage rate under 10.46%, compared with today's rate of 7.24%.
- The same home would cost more than $1,670 a month to rent.
- You stay at least 3 years.
Pompano Beach compared with 812 other cities
| Measure | Pompano Beach | Median city |
|---|---|---|
| Typical home value | $350,137 | $422,451 |
| Typical rent | $2,358 /mo | $1,837 /mo |
| Price-to-rent ratio | 12.4 (#746 of 813) | 18.5 |
| Home prices, last 10 years | 6.4% a year | 6.2% a year |
| Rents, last 5 years | 4.9% a year | 4% a year |
| Property tax | 0.91% | 0.87% |
| Households that rent | 45% | 42% |
Sources: Zillow data: ZHVI and ZORI, Census ACS 2020-2024.
More Florida cities
- Buy. Jacksonville, FL. Buying is ahead by $27k.
- Buy. Miami, FL. Buying is ahead by $27k.
- Buy. Tampa, FL. Buying is ahead by $19k.
- Buy. Orlando, FL. Buying is ahead by $17k.
- St. Petersburg, FL. Buy. Buying comes out ahead by $41k.
- Recommendation: Buy. Buying wins by $48k in Port St. Lucie, FL.
- Recommendation: Buy. Buying wins by $37k in Hialeah, FL.
- Buy. Cape Coral, FL. Buying is ahead by $36k.
- Buy. Tallahassee, FL. Buying is ahead by $11k.
- Buy. Fort Lauderdale, FL. Buying is ahead by $25k.
- Choose to buy in Pembroke Pines, FL; buying saves $22k.
- Choose to buy in Hollywood, FL; buying saves $17k.