Median Home Price
$513,948.05
Median Rent
$2,797.62/mo
Price-to-Rent Ratio
15.3
Property Tax RateTIE
0.89%
Price Change (1Y)BETTER
-3.7%
Price Change (5Y)BETTER
-18.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$168,899
Median Home PriceBETTER
$419,725.25
Median RentBETTER
$2,466.42/mo
Price-to-Rent RatioBETTER
14.2
Property Tax RateTIE
0.89%
Price Change (1Y)
-5.1%
Price Change (5Y)
-25.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$109,145
Key Differences
Home Prices
Miami's median home price of $513,948.05 is higher than Pembroke Pines's $419,725.25 by 22%.
Monthly Rent
Renting in Miami costs $2,797.62/mo compared to $2,466.42/mo in Pembroke Pines—a difference of $331.2/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.