Myrtle Beach, SC is an incredibly desirable place to live and its housing market has seen a surge of appreciation over the past year. The median value of a house in Myrtle Beach is currently $269,400, which is significantly lower than the US median value of $338,100. However, this cheaper cost of living is accompanied by an impressive 15.54% 1-year house appreciation rate - far higher than the national average of 8.27%. Clearly, Myrtle Beach real estate is an attractive option for those looking for an affordable place to call home with further financial upside potential.
The median home cost in Myrtle Beach (zip 29577) is $269,400. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Myrtle Beach (zip 29577) is up 21.9%.
Average Age of Homes
- The median age of Myrtle Beach (zip 29577) real estate is 28 years old
The Rental Market in Myrtle Beach (zip 29577)
- Renters make up 27.8% of the Myrtle Beach (zip 29577) population
- 6.6% of houses and apartments in Myrtle Beach (zip 29577), 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.