Myrtle Beach, SC

Population: 28,085
Average annual home appreciation rate: -1.88%
Total of homes for sale in this market:
Median home price: $143,646
Median Rent: $652 per room
Home price range: 34.02% of homes are between $84,001 – $169,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 47.81% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 46.34%
Number of renters: 44.65%
Number of owner occupied: 55.36%
Number people living below poverty level: 26.47%
Unemployment rate: 8.80%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Myrtle Beach has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Myrtle Beach when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

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