Living in Myrtle Beach, SC
Myrtle Beach, SC, is a vibrant coastal city known for its beautiful beaches, family-friendly activities, and a wealth of attractions. Boasting a warm climate and a plethora of dining and entertainment options, it is a popular vacation destination. With a strong sense of community and various recreational opportunities, Myrtle Beach offers an enjoyable lifestyle for residents and visitors alike.
Current Market Conditions in Myrtle Beach, SC
The real estate market in Myrtle Beach remains robust, with steady growth in property values as demand increases. The area attracts a diverse set of buyers, including those looking for vacation homes, retirement properties, and investment opportunities.
Recent trends indicate a competitive market, particularly for single-family homes and condos near the beach, driving interest from both local and out-of-state investors. As the economy continues to recover, property demand is expected to rise, providing excellent opportunities for real estate investment.
Home Value Estimator For Myrtle Beach, SC
There are currently 79,044 real estate properties
in Myrtle Beach, SC,
with a median automated valuation model (AVM) price
of $294,523.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Myrtle Beach, SC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Myrtle Beach, SC,
is $379,321.00, with the most expensive house
in Myrtle Beach, SC, topping out
at $77,575,760.00 and the cheapest home
in Myrtle Beach, SC,
clocking in at $12,060.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Myrtle Beach, SC!
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.
Learn more on Foreclosure homes
