Pompano Beach is a seaside town adjacent to Fort Lauderdale and is considered part of the Greater Fort Lauderdale area, which encompasses 31 cities and municipalities.
Because of this proximity, those renting vacation properties in Pompano Beach understand Fort Lauderdale is just next door.
It is worth noting that Greater Fort Lauderdale, which includes Pompano Beach, attracts over 13 million visitors annually (Laurie Finkelstein Reader Team) and ranks as the third most visited city by international travelers, following Miami and Orlando.
According to the National Travel and Tourism Office (NTTO), approximately 506,000 foreign visitors came to the area in 2022.
Furthermore, Pompano Beach is known as “The Heart of the Gold Coast” with its central location between Palm Beach and Miami.
In other words, when you own a vacation home in Pompano Beach, it would be equally easy for you to explore neighborhoods like Palm Beach Island as it would be for you to spend a day or night out in Miami Beach.
And if you consider the multitude of cultural offerings that exists in Southeast Florida, it can be quite overwhelming.
However, Pompano Beach, as the smaller neighboring city to Fort Lauderdale, boasts its own array of attractions.
Among the most captivating is the Pompano Beach Fishing Village, anchored by the historic fishing pier dating back to 1963.
And if you’re looking for a waterfront home, Pompano Beach has many boat canals with waterfront homes that are for the most part priced lower than in Fort Lauderdale.
In fact, iRenta has several homes in Pompano Beach that all rent really well in our program.
Regarding the city's regulations and vacation rental ordinance, Pompano Beach is more lenient than Fort Lauderdale in one key aspect: they do not require any annual inspections.
However, their initial inspection for house approval is quite stringent, especially concerning anything electrical, whether indoors or outdoors.
Once a house passes this inspection, maintaining compliance is straightforward. At iRenta, our property manager Sebastian, who has extensive experience in construction, has successfully helped numerous owners navigate this initial hurdle.
It's also important to note that vacation rentals are not legal everywhere in South Florida. For instance, managing vacation rental properties for single-family homes is prohibited in Miami Beach, Boca Raton, and Lake Worth Beach.
This means that short-term rentals, typically defined as 30 days or less, are not allowed in these areas.
If you're in the market for a vacation rental and need Airbnb property management services, it's essential to choose a city where short-term vacation rental management is regulated, ensuring legality and long-term stability.
Pompano Beach is an excellent choice, with established regulations and a dedicated city ordinance for vacation rentals.
Compliance involves obtaining city approval by submitting a comprehensive application and undergoing an initial one-time inspection.
At iRenta.com, we simplify this process by handling all licensing and approval applications on behalf of our homeowners, covering both local municipalities and the State of Florida.
Additionally, we manage annual renewals. It's also important to remember that for each short-term rental, sales tax must be paid to the State of Florida, and tourist tax (also known as lodging or hotel tax) is due to the local county every month.
At iRenta.com, we take care of these tax obligations for all our homeowners as part of our comprehensive services.
Finally, if you are interested in some actual vacation rental data on Pompano Beach, the most recognized source in the industry is AirDNA.
Primarily a research firm, AirDNA collects data by scraping rental information from platforms such as Airbnb and VRBO, among others.
By gathering data from these sources, AirDNA ranks most cities in the US based on five criteria: investability, rental demand, revenue growth, seasonality, and regulation.
According to this ranking, as of 2024, Pompano Beach has a market score of 82.
Furthermore, it has 4,488 vacation rentals with the average unit earning $24,700 per year in revenue, rented at an average daily rate of $291.40, with an average occupancy rate of 52% (Source:
AirDNA Pompano Data).
However, based on our experience as Super Hosts on Airbnb and Premier Hosts on VRBO, we advise against placing too much emphasis on these numbers.
The data includes a wide range of rentals, from single rooms to studios and homes with five or more bedrooms. Also, unless a homeowner occupies their property for extended periods, our occupancy rates far exceed 52%.