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Market MapMyrtle Beach, SC
Metropolitan Area

Myrtle Beach, SC

South Carolina0
52
/100
Hold
#677 of 894 metros
Top 76% nationally for investing

Market Snapshot

$333,758
Median Home Price
37% above national median
$1,739/mo
Median Rent
25% above national median
6.25%
Rent-to-Price Ratio
Top 44% nationally
-$619
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$333,758
Down Payment (20%)$66,752
Loan Amount$267,006
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,739
Monthly P&I-$1,750
Est. Expenses (35%)-$609
Net Cash Flow-$620/mo
4.1%
Cap Rate (all cash)
-9.7%
Cash-on-Cash Return
6.25%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.1% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
52/100
52
Cash Flow(30%)
63/100

Based on 6.25% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
37/100

Based on -3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
58/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-3.0% YoY)
  • -Negative cash flow at typical financing (-$619/mo)
  • -Negative leverage (cap rate 4.1% < mortgage rate 6.9%)

Counties in Myrtle Beach, SC

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Duluth, MN
Duluth, MN
72$248,119$1,5267.38%BuyView
Toledo, OH
Toledo, OH
72$194,475$1,1567.14%BuyView
Syracuse, NY
Syracuse, NY
72$248,808$1,5707.57%BuyView
Davenport, IA
Davenport, IA
72$184,666$1,0506.83%BuyView
Springfield, OH
Springfield, OH
72$193,537$1,0846.72%BuyView
Current
Myrtle Beach, SC
52$333,758$1,7396.25%Hold

The Bottom Line

HoldMyrtle Beach, SC is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Myrtle Beach, SC metro area scores 52/100, ranking #677 of 894 US metros (top 76%). The 6.25% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-619/mo
Cap Rate
4.1%
Cash-on-Cash
-11.1%

Ready to Invest in Myrtle Beach, SC?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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