The housing in the Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area is quite impressive. The median value of homes here is $334,700, which is slightly lower than the US House Median Value of $338,100. However, it has seen tremendous appreciation over the last year at 17.80%, significantly higher than the national 1 year House Appreciation rate of 8.27%. Clearly this area is an attractive destination to purchase real estate and would be a wise investment.
The median home cost in Myrtle Beach-Conway-North Myrtle Beach Metro Area is $334,700. Home appreciation the last 10 years has been 90.8%. Home Appreciation in Myrtle Beach-Conway-North Myrtle Beach Metro Area is up 22.7%.
Average Age of Homes
- The median age of Myrtle Beach-Conway-North Myrtle Beach Metro Area real estate is 23 years old
The Rental Market in Myrtle Beach-Conway-North Myrtle Beach Metro Area
- Renters make up 17.7% of the Myrtle Beach-Conway-North Myrtle Beach Metro Area population
- 5.5% of houses and apartments in Myrtle Beach-Conway-North Myrtle Beach Metro Area, 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.