- The Beach & Company is a full-service Real Estate firm specializing in Homeowner Association Management. Involvement with condominium, townhouse, homeowner, and property owner Associations over t... View full profile
440 Hwy 90 East, Suite 1
Little River, SC 29566
Housing Comparison with State and Nation
| Myrtle Beach | South Carolina | U.S. |
| Median Home Value | $171,800 | $142,900 | $192,400 |
|---|
| Owner Costs > 30% Income | 12.9% | 13% | 14.7% |
|---|
| Gross Rent > 30% Income | 18.8% | 18.8% | 19.2% |
Myrtle Beach Housing Market Stats
As of 2008, the rental vacancy rate in Myrtle Beach stood at 28%, relatively high compared to the rest of the country. There are about 166,470 housing units, averaging $171,800 in value, 29% of which are occupied by renters. The rent to price ratio in Myrtle Beach is 0.5%, slightly lower than the South Carolina average. For 19% of Myrtle Beach tenants, 30% or more of their income goes to paying rent.
Community Comparison with State and Nation
| Myrtle Beach | South Carolina | U.S. |
| Avg Commute Time (minutes) | 20.7 | 20.8 | 25.3 |
|---|
| Median Age | 39.6 | 36.2 | 36.7 |
|---|
| Avg Household Size - Owners | 2.27 | 2.49 | 2.7 |
|---|
| Avg Household Size - Renters | 2.31 | 2.35 | 2.42 |
|---|
| Median Household Income | $43,270 | $44,256 | $52,175 |
|---|
| Per Capita Income | $24,800 | $24,664 | $27,466 |
Myrtle Beach Demographic Info
Myrtle Beach has a population of 248,862, comprised of 108,296 households, with on average 2 members per household. Out of approximately 126,270 people in the civilian workforce, 119,302 (95%) were employed in 2008. 85% of the population 25 and older has earned a high school diploma, with 21% holding a 4 year college degree.
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