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MarketsMarket MapMyrtle Beach, SC
Metropolitan Area

Myrtle Beach, SC

South Carolina0
54
/100
Hold
#661 of 894 metros
Top 74% nationally for investing

Market Snapshot

$340,239
Median Home Price
34% above national median
$1,726/mo
Median Rent
25% above national median
6.09%
Rent-to-Price Ratio
Top 44% nationally
-$662
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

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

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$340,239
Down Payment (20%)$68,048
Loan Amount$272,191
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,726
Monthly P&I-$1,784
Est. Expenses (35%)-$604
Net Cash Flow-$661/mo
4.0%
Cap Rate (all cash)
-10.1%
Cash-on-Cash Return
6.09%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.0% 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
54/100
54
Cash Flow(30%)
61/100

Based on 6.09% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
47/100

Based on -1.0% 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%)
57/100

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 (-1.0% YoY)
  • -Negative cash flow at typical financing (-$662/mo)
  • -Negative leverage (cap rate 4.0% < mortgage rate 6.9%)

Counties in Myrtle Beach, SC

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Cadillac, MI
Cadillac, MI
74$235,398Est.BuyView
Hutchinson, KS
Hutchinson, KS
74$156,249$8266.34%BuyView
Charleston, IL
Charleston, IL
74$150,699$7876.26%BuyView
Atchison, KS
Atchison, KS
74$185,434Est.BuyView
Cortland, NY
Cortland, NY
74$202,961$1,3087.73%BuyView
Current
Myrtle Beach, SC
54$340,239$1,7266.09%Hold

Rent vs buy in this metro

Rent vs buy in Myrtle Beach, SCMedian $313,508 · rent $1,709/mo

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 54/100, ranking #661 of 894 US metros (top 74%). The 6.09% 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
$-662/mo
Cap Rate
4.0%
Cash-on-Cash
-11.7%

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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