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These days, finding an affordable place to live in the Myrtle Beach area can be challenging. Home prices in Myrtle Beach are now at a median cost of $341,701, higher than the South Carolina average of $296,593.
The average cost of rent is $1,494/mo in Myrtle Beach, primarily driven by the current value of real estate in the Myrtle Beach area. In Myrtle Beach, 24.97% of households rent, and 39.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Myrtle Beach is $6,180 per month. Households that rent pay about 24.17% of their income on rent here. Myrtle Beach’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Socastee, SC: less expensive homes
- Surfside Beach, SC: equally priced homes
- Ocean Forest, SC: higher priced homes
- Red Hill, SC: less expensive homes
- Bucksville, SC: equally priced homes
- Nixonville, SC: equally priced homes
- Conway, SC: less expensive homes
- Briarcliffe Acres, SC: higher priced homes
- Homewood, SC: less expensive homes
- Shell, SC: less expensive homes
Cities with Similar Populations
- Worcester, MA: higher priced homes
- Yakima, WA: less expensive homes
- Winston-Salem, NC: less expensive homes
- Youngstown, OH: less expensive homes
- Woodbury, MN: higher priced homes
- Williamsburg, VA: higher priced homes
- Ypsilanti, MI: less expensive homes
- Yuba City, CA: higher priced homes
- Wilmington, NC: higher priced homes
- Winter Haven, FL: less expensive homes
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