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Myrtle Beach

Learn about the people, housing, costs and businesses in Myrtle Beach, South Carolina

Median Home$302,778
Median Rent$1,447/month
Population36,652
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆⬆+23.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners59% of occupied units
NotableAmenity Score90/100 · highly walkable area
NotableTransit84/100 · excellent transit access
Myrtle Beach
SC

Frequently Asked Questions

What are today's mortgage rates in Myrtle Beach?

As of today, the 30-year fixed mortgage rate for Myrtle Beach is approximately 6.888% (6.897% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Myrtle Beach?

The median home value in Myrtle Beach is $303k. The median monthly rent is $1,447. Annual property taxes average $990. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Myrtle Beach?

Home values in Myrtle Beach have increased 23.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Myrtle Beach?

Based on a typical all-in ownership cost of $1,151/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Myrtle Beach is $60k/year.

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What industries drive the economy in Myrtle Beach?

The largest employment sectors in Myrtle Beach are healthcare (16%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.