Real Estate Investing in Myrtle Beach, South Carolina (29572)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29572 (Myrtle Beach, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 63.3% of homes vacant — above national norms.
What’s happening in Myrtle Beach, SC (29572)?
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Market Analysis: 29572 Myrtle Beach
Investors eyeing 29572 need to respect the fundamentals at play. Home values of $319K come alongside slower price movement and elevated management overhead.
For an experienced owner, 29572 can be a a strong candidate for hunting ground — but the discount at $319K reflects genuine risk that outside investors often underestimate.
Within SC, ZIP 29572 trails on several market indicators that neighboring Horry County submarkets outperform. The gap is real and durable enough to shape underwriting.
Who lives in 29572 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 29572 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Myrtle Beach:
Property Strategy for 29572
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $156,852 | $1,210 | 5.6% | +9.2% | $156,852 |
| 2BR | $263,399 | $1,440 | 3.9% | +7.5% | $131,700 |
| 3BR | $488,659 | $1,770 | 2.6% | +7.9% | $162,886 |
| 4BR | $834,195 | $2,070 | 1.8% | +8.8% | $208,549 |
| 5BR | $1,184,057 | — | — | +9.6% | $236,811 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29572 Compare?
| Metric | 29572 | Myrtle Beach | South Carolina |
|---|---|---|---|
| Home Value | $319,482 | $320,865 | $299,690 |
| 5-Year CAGR | 5.3% | 5.0% | 7.3% |
| Avg Rent | $1,595 | $1,673 | - |
| Cap Rate | 3.9% | 4.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29572 (Myrtle Beach, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,482 |
| Monthly Rent | $1,595 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 29572
Population: 11,506
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 29572
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,344 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Myrtle Beach, SC?
Expect median prices around $319K in Myrtle Beach, SC. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Where do rents currently stand in Myrtle Beach, SC?
Investors in Myrtle Beach, SC typically see rents near $1,595/mo per month against $319K home values - a solid setup for rental cash flow.
Does house hacking work in Myrtle Beach, SC?
House hacking in Myrtle Beach, SC is reasonable to execute. Prices around $319K and rents of $1,595/mo solid owner-occupant economics.
What type of investing works in Myrtle Beach, SC?
A careful cash-flow rentals with hands-on management strategy Myrtle Beach, SC best. The market produces measured results for that approach at the $319K price point.
How qualified is the tenant pool in Myrtle Beach, SC?
Expect a solid tenant pool in Myrtle Beach, SC. The rental market absorbs $1,595/mo rents without meaningful friction.
You know 29572 now. You don’t know where it ranks.
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How 29572 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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