Foreclosure Homes in Myrtle Beach, SC 29588

Current Market Conditions in Myrtle Beach, SC

Myrtle Beach's real estate market has remained strong, characterized by a steady increase in home prices driven by demand from both vacationers and permanent residents. Inventory levels have been fluctuating, making it a competitive landscape for buyers, especially in the spring and summer months when the area sees an influx of tourists.

In recent months, the area has seen a growth in luxury properties, catering to affluent investors and vacation home buyers. New developments are emerging, highlighting the region's ongoing appeal as a thriving destination.

Rent Prices In Myrtle Beach, SC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Myrtle Beach, SC, is on a rollercoaster ride. The average rent price in Myrtle Beach, SC, is $1,312.00. Indeed, when looking to rent in Myrtle Beach, SC, you can expect to pay as little as $560.00 or as much as $3,360.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.