Myrtle Beach, SC

Population: 29,175
Average annual home appreciation rate: 8.44%
Total of homes for sale in this market: 1,769
Median home price: $171,795
Median Rent: $928 per room
Home price range: 34.42% of homes are between $103,001 – $206,000
Median sales price: Still gathering data
Number of homes: 492
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 47.61% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 47.85%
Number of renters: 48.67%
Number of owner occupied: 51.33%
Number people living below poverty level: 26.57%
Unemployment rate: 6.40%
Is this area perfect for real estate deals going on right now? Importantly, NeighborhoodScout’s exclusive research found that Myrtle Beach’s housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength.

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