Real Estate Investing in North Myrtle Beach, South Carolina (29582)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29582 (North 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: 66.1% of homes vacant — above national norms.
What’s happening in North Myrtle Beach, SC (29582)?
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Market Analysis: 29582 North Myrtle Beach
ZIP 29582 in North Myrtle Beach, SC carries a healthy set of headwinds. Home values near $400K and rents of $1,627/mo sit inside a market where underwriting has to be tight.
The 29582 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 29582'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.
Who lives in 29582 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 29582 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in North Myrtle Beach:
Property Strategy for 29582
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,633 | $1,300 | 4.6% | +8.3% | $202,633 |
| 2BR | $272,719 | $1,550 | 4.1% | +7.8% | $136,359 |
| 3BR | $444,461 | $1,910 | 3.1% | +8.2% | $148,154 |
| 4BR | $635,200 | $2,230 | 2.5% | +9.1% | $158,800 |
| 5BR | $890,998 | — | — | +10.3% | $178,200 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29582 Compare?
| Metric | 29582 | North Myrtle Beach | South Carolina |
|---|---|---|---|
| Home Value | $400,143 | $400,143 | $299,690 |
| 5-Year CAGR | 5.7% | 5.7% | 7.3% |
| Avg Rent | $1,627 | $1,627 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29582 (North Myrtle Beach, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $400,143 |
| Monthly Rent | $1,627 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 29582
Population: 20,113
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 29582
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
Frequently Asked Questions
Is the tenant base reliable in North Myrtle Beach, SC?
Tenant demand in North Myrtle Beach, SC is solid. The local workforce $1,627/mo rents across most rental classes.
What is the smart move for investors in North Myrtle Beach, SC?
Most investors in North Myrtle Beach, SC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the rental occupancy rate in North Myrtle Beach, SC?
North Myrtle Beach, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is North Myrtle Beach, SC a good market for FHA house hackers?
North Myrtle Beach, SC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $400K price point reasonable to enter.
What is the typical home price in North Myrtle Beach, SC?
In North Myrtle Beach, SC the median home value sits at $400K. Against the broader SC market, that reads as reasonable for most investors.
You know 29582 now. You don’t know where it ranks.
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How 29582 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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