Welcome to our 29588 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 29588 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.
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Location Overview
- Zip Code: 29588
- City: Myrtle Beach
- State: SC
- Metro Area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
- County Name: HORRY COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $303,687
- Average Home Price (Single Family Homes): $317,019
- Average Monthly Rental Price (All Types): $2,367
- Price-to-Rent Ratio: 11
- Zillow Projected % appreciation from 4/2023-4/2024: 3.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,160
- Average 3 Bedroom Section 8 Rental Rates: $1,480
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.82
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.1
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 192.86
- Total % Appreciation since 2000 (Government Data): 113.81
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.23%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.7%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.72%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 75.08%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 137.29%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 85.25%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 168.1%
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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%