Myrtle Beach, SC is an attractive housing market with a median value of $299,700, which is lower than the US median value of $338,100. The housing market in Myrtle Beach has seen a 15.54% appreciation over the last year compared to the national average of 8.27%. With such a strong appreciation rate and relatively low cost of housing compared to other areas, Myrtle Beach is an attractive option for prospective homeowners looking for quality housing at an affordable price.
The median home cost in Myrtle Beach is $299,700. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Myrtle Beach is up 21.9%.
Average Age of Homes
- The median age of Myrtle Beach real estate is 30 years old
The Rental Market in Myrtle Beach
- Renters make up 25.2% of the Myrtle Beach population
- 9.3% of houses and apartments in Myrtle Beach, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.