Myrtle Beach, SC 29577 - Real Estate Investment Insights & Performance Data

Welcome to our 29577 real estate data hub, tailored for investors in Myrtle Beach, SC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 29577 in Myrtle Beach, SC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HORRY COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Myrtle Beach, SC real estate investing. Uncover the wealth of information available, and position yourself for success in the Myrtle Beach property market.

• Location Overview

  • Zip Code: 29577
  • City: Myrtle Beach
  • State: SC
  • Metro Area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
  • County Name: HORRY COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $264,326
  • Average Home Price (Single Family Homes): $378,355
  • Average Monthly Rental Price (All Types): $1,738
  • Price-to-Rent Ratio: 13
  • Zillow Projected % appreciation from 4/2023-4/2024: 3.6%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,140
  • Average 3 Bedroom Section 8 Rental Rates: $1,450
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.32
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.19
  • Number of Units Offered in Section 8 in the County: 754
  • Number of Occupied Units in Section 8 in the County: 725
  • Percentage of Section 8 Units Occupied in the County: 96.19999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 220.41
  • Total % Appreciation since 2000 (Government Data): 120.29
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.45%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 15.18%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 61.32%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 80.09%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 131.94%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 53.56%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 133.06%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%