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Thursday, October 12, 2023

What to Know About Pompano Beach, FL

Tropical weather, sandy beaches, and many activities await you in Pompano Beach, FL. Referred to as the “heart of the Gold Coast,” Pompano Beach has much to brag about. This coastal city delivers big on city life, beach life, and more. From casinos to trampoline parks and scuba diving, entertainment options are abundant for residents of any age.

If you want to buy real estate in Florida, do not cross Pompano Beach off your list. Those looking to buy will find answers to these frequently asked questions about Pompano Beach reach estate helpful:

About Pompano Beach, FL

Pompano Beach is the second-most northeast city on the eastern side of Broward County, between the Hillsboro and Fort Lauderdale Beaches. It is the second oldest city in the county and the fifth oldest out of the tri-county area (Miami-Dade, Broward County, and Palm Beach).

 

Incorporated over 100 years ago, the Atlantic-facing city of Pompano Beach is rich in history. Its beginning started with the construction of the Florida East Coast Railway (FEC), which still operates today. The railway installation was intended to connect passengers to Key West, the southernmost island in Florida. Along the way, many cities were born along the tracks, with Pompano Beach being one of them.

 

One unique oddity of Pompano Beach’s history is how it got its name. Although not proven, surveyor Frank Sheen supposedly made a notation on a survey map after eating a delicious fish. He wanted to remember where he had it and came up with the name Pompano. Aside from that account, there is no other reference to how it got its name.

 

Since 2020, Pompano Beach has been home to 112,046 residents. It’s the access to different amenities that encourages people to stay. When you live in Pompano Beach, you live where people go on vacation. Residents venture to the coast for activities like sailing, scuba diving, boating, and fishing whenever it fits their schedule.

 

What county is Pompano Beach, FL, in?

Right in between Palm Beach and Miami-Dade County is Broward County. It’s the smallest of the three that make up the South Florida Tri-county area just east of the Everglades. It runs along the coast of the Atlantic Ocean.

Broward County is known for its diverse population and entertainment destinations. Some examples are Fort Lauderdale Beach, the iconic guitar-shaped hotel of the Hard Rock Hotel and Casino, and one of the state’s largest malls, the Sawgrass Mills Mall in Sunrise.

If you are looking for a diverse offering of restaurants, recreation, shows, and entertainment, Broward County successfully ticks all the boxes for fun coastal living.

Is Pompano Beach growing?

Like many Florida counties, Broward County has seen an increase in population over the last couple of years, with a population growth of almost 200,000 people from 2010-2020. The population projection suggests an increase from 1,932,212 in 2020 to 2,083,767 by 2030. Experts expect the overall county growth to affect Pompano Beach by 2030.

The city is working with other local and state authorities to revamp roadway systems to meet the demand for growth. With I-95 running straight through Pompano Beach, residents can easily get in and out for work, vacation, or a night out.

What is the cost of living in Pompano Beach, US?

Pompano Beach might be an excellent choice if you are looking for a more affordable city in South Florida. Although the cost of living is 5% over the national average, it is still affordable compared to the budget you need to live in coastal Florida. Notably, it’s transportation costs that push up its index score, and not housing. Take a look at how Pompano Beach stacks up compared to its neighbors:

Pompano Beach, Boca Raton, and Fort Laurdale cost of living comparison chart
Pompano Beach, Boca Raton, and Fort Laurdale cost of living comparison chart

In 2022, Pompano Beach saw a population increase of .02%, whereas many other cities saw a decline in the number of new residents moving to their areas. The median individual income was $56,109, but the typical salary can be much higher depending on the industry. To make ends meet, individuals with no children must make a minimum of $38,837 per year, significantly below the median income.

 

For a family with two working adults and two children, the household would need to bring in $109,952 under the combined income of two median salaries.

About Pompano Beach real estate

If you are looking for reasonably priced South Florida real estate, Pompano Beach has its homes priced to draw attention. The median home price for Pompano Beach was $426,500 in September 2023, with listings from $55,000 to $11 million.

Total home sales since the second quarter of 2023 saw a change of -24.6% for single-family homes. This reduction in home sales is partially due to reduced listings, which was prevalent in the state and nationwide market at the time. And in more good news for home buyers, the year-over-year August median sale price of $450,000 was down 4.3%. 

latest Pompano Beach FL beach MAAR chart

Pompano Beach condos and townhomes

Condominiums and townhomes are available in Pompano Beach. These properties are not just beachfront vacation rentals; they are spread throughout the city and vary in price, size, and amenities. In September 2023, out of the 656 listings available, prices were from $100,000 for a one-bedroom, one-bath condo to $7.1M for a four-bedroom, four-bathroom townhome right on the beach.

Waterfront properties in Pompano Beach

Pompano Beach is beachfront, with a prime strip on the famous Highway A1A. But it’s not just a coastal community. The cityscape has canals running throughout, leading right to Lake Santa Barbara and eventually to the Hillsboro Inlet into the Atlantic Ocean. Homebuyers looking for properties where they can have a boat right in their backyard will find properties with the views, docks, and lifts they seek.

As of September 2023, Pompano Beach waterfront properties are listed from $149,788 to $7.1M at a median of $361 per square foot.

Golf course communities in Pompano Beach

Whether on vacation or living under the Florida sun, golf is a popular sport many enjoy. Locals who live in Palm Aire can enjoy the exclusivity of a private golf club, the only one available in Pompano Beach. Its homes include condos and single-family residences. The greater Palm Aire community has a great location by a Publix supermarket, fitness center, and other shops. 

Neighborhoods in Pompano Beach

Find the perfect place to live in Pompano Beach, thanks to almost 40 different neighborhoods. Some of the largest subdivisions are:

  • Palm Aire
  • Northwest Pompano
  • Cresthaven
  • Highlands
  • Garden Isles

These neighborhoods have different amenities, including parks, playgrounds, golf courses, and HOAs. In Pompano Beach, neighborhoods have easy access to essentials, like gas stations, grocery stores, and shopping.

What is the property tax rate for Pompano Beach, US?

Pompano Beach is one of the 31 incorporated municipalities within Broward County. When property owners pay taxes each year, their dues are divided between the county and their city.

The Property Appraiser’s Office assigns a millage rate, which helps calculate your total tax due at the end of the year. The millage rate for properties in Pompano Beach was 20.5875 in 2022. The millage rate determines property tax dues.

Some property owners will qualify for property tax exemptions; however, those who wish to learn more about that process and what programs they qualify for should contact the Broward County Property Appraiser’s Office.

Things to do for Pompano Beach residents

Life in Pompano Beach provides access to multiple parks, festivals, events, and more. Locally, businesses have come to Pompano Beach because of its recreational atmosphere. There’s much to do after a day’s hard work is done!

Residents can take a chance at Harrah’s Pompano Beach Casino, appreciate art at the art exhibitions at Pompano Beach Arts, or jump to their heart’s content at the SkyZone Trampoline Park.

And, of course, there’s the beachfront, with its stretches of sand, community parks, and private beach clubs. Boat launches are easier to find on the Intracoastal, which is cut with numerous canals for more water access.

How is golf in Pompano Beach?

Residents can find a good game of golf in Pompano Beach and the surrounding areas. While residents of Palm Aire enjoy the exclusivity of their community, residents living in other areas of the city can appreciate a good afternoon at the local Pompano Beach Municipal Golf Course. The course was designed by a world-renowned golf course architect named Greg Norman. The 18-hole course spans about 7,100 yards on par of 72.

As a great family activity, those not looking for an entire 18-hole course can visit TopGolf and play a game with their loved ones. TopGolf is a three-tier facility allowing players to attempt to play under a roof with access to food, drinks, and music.

What areas are near Pompano Beach?

Fort Lauderdale is just south of the city and is the closest metro area, providing upscale restaurants, theaters, and shopping options. This seaside city is known for its opulent yachts and the world’s largest boat show. 

About a half-hour drive north awaits Mizner Park, a popular shopping area in the luxurious resort town of Boca Raton. Among the tropical landscaping are abundant restaurants and upscale shopping. Boca also has its famous golfing resort, opulent communities, and the Florida Atlantic University campus. 

Residents who love botanicals and birds will enjoy a day at Flamingo Gardens in Davie, where thousands of botanicals are in a 60-acre walkable garden. Visitors will experience firsthand the history and care behind keeping all these plants healthy and thriving.

Residents are about a 45-minute drive from the excitement of Miami. You have the international Latin flair and cuisine, and the venues host professional sports, top-name celebrity acts, and a world-famous art festival.

What to know about living in Pompano Beach, FL

Do not miss out on Pompano Beach. As one of the many cities that make up Broward County, the entire family can enjoy entertainment, restaurants, and activities. Stop imagining after-work walks on the beach or quick swings at a local golf course. Pompano Beach is that so-right blend of coastal and affordability not often found in South Florida.

So, find your dream home today by quickly searching Pompano Beach real estate listings

 

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Preston Guyton

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