Real Estate Investing in Myrtle Beach, South Carolina

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

4 ZIP codes • Population: 153,341 • Horry County

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Should you buy in Myrtle Beach, SC? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (56/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 28.1% of homes vacant — above national norms.

What’s happening in Myrtle Beach, SC?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $320,865
Avg Monthly Rent $1,673
ZIP Codes 4

Investing in Myrtle Beach Real Estate

With a sizable population across 4 ZIPs, Myrtle Beach shows the kind of tepid fundamentals that keep most out-of-state capital on the sidelines.

The investment case for Myrtle Beach is difficult to make on screen data alone. better suited elsewhere for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rent trends and price trends in Myrtle Beach are both soft, which is the uncomfortable combination that defines distressed-leaning markets in South Carolina.

Distressed-leaning demographics in Myrtle Beach — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Myrtle Beach-Conway-North Myrtle Beach, SC-NC

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$320,865
Avg Monthly Rent
$1,673
1% Rule
✗ Below
Landlord Friendly (SC)

🎓 Colleges & Universities in Myrtle Beach

2 Colleges 732 Students
C
Strand College of Hair Design
Vocational For-Profit · 103 students
D
Galen Health Institutes-Myrtle Beach
2-Year For-Profit · 629 students

Neighborhoods in Myrtle Beach

ZIP Codes in Myrtle Beach, SC

Screen every ZIP in Myrtle Beach

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Frequently Asked Questions About Myrtle Beach, SC

Is Myrtle Beach, SC a good market for buy-and-hold investors?

Myrtle Beach, SC rates 3.0/5 for investability. With median values at $321K and rents near $1,673/mo, the market offers reasonable fundamentals for rental investors.

Do landlords face vacancy issues in Myrtle Beach, SC?

Myrtle Beach, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

What strategy should investors use in Myrtle Beach, SC?

In Myrtle Beach, SC the significant play is typically careful cash-flow rentals with hands-on management. The combination of $321K prices and $1,673/mo rents suits that approach.

Is Myrtle Beach, SC a friendly market for rental owners?

Myrtle Beach, SC operates under SC law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.

How much is rent in Myrtle Beach, SC?

Average rent in Myrtle Beach, SC is approximately $1,673/mo per month. Against $321K home values that yields a reasonable rent-to-price ratio.

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