Real Estate Investing in Myrtle Beach, South Carolina (29579)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29579 (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: 17.2% of homes vacant — above national norms.
What’s happening in Myrtle Beach, SC (29579)?
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Market Analysis: 29579 Myrtle Beach
From a cash-flow lens, ZIP 29579 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $359K median. It rewards specialists, not generalists.
For an experienced owner, 29579 can be a a credible choice for hunting ground — but the discount at $359K reflects genuine risk that outside investors often underestimate.
ZIP 29579's metrics run below Horry County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 29579 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 29579 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Myrtle Beach:
Property Strategy for 29579
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $121,197 | $1,450 | 8.6% | +9.4% | $121,197 |
| 2BR | $182,297 | $1,730 | 6.8% | +8.2% | $91,148 |
| 3BR | $319,868 | $2,130 | 4.8% | +6.9% | $106,623 |
| 4BR | $450,038 | $2,490 | 4.0% | +6.8% | $112,510 |
| 5BR | $489,749 | — | — | +6.1% | $97,950 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29579 Compare?
| Metric | 29579 | Myrtle Beach | South Carolina |
|---|---|---|---|
| Home Value | $359,496 | $320,865 | $299,690 |
| 5-Year CAGR | 4.6% | 5.0% | 7.3% |
| Avg Rent | $1,736 | $1,673 | - |
| Cap Rate | 3.8% | 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 29579 (Myrtle Beach, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $359,496 |
| Monthly Rent | $1,736 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 29579
Population: 53,699
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 29579
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 are home prices like in Myrtle Beach, SC?
Median home price in Myrtle Beach, SC is near $359K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is it easy to find good tenants in Myrtle Beach, SC?
The renter base in Myrtle Beach, SC is reasonable for the $1,736/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How strict are landlord regulations in Myrtle Beach, SC?
Rental owners in Myrtle Beach, SC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are there empty rentals in Myrtle Beach, SC?
Myrtle Beach, SC sees elevated vacancy, which is reasonable relative to the broader SC rental market.
Are rents high in Myrtle Beach, SC?
Myrtle Beach, SC rentals go for roughly $1,736/mo a month. That puts gross yield in solid territory relative to $359K acquisition costs.
You know 29579 now. You don’t know where it ranks.
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How 29579 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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