Median Home Price
$598,246.01
Median Rent
$2,023.98/mo
Price-to-Rent Ratio
24.6
Property Tax RateTIE
0.57%
Price Change (1Y)BETTER
-0.2%
Price Change (5Y)BETTER
-1.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$396,555
Median Home PriceBETTER
$313,507.59
Median RentBETTER
$1,708.83/mo
Price-to-Rent RatioBETTER
15.3
Property Tax RateTIE
0.57%
Price Change (1Y)
-3.3%
Price Change (5Y)
-16.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$98,920
Key Differences
Home Prices
Charleston's median home price of $598,246.01 is higher than Myrtle Beach's $313,507.59 by 91%.
Monthly Rent
Renting in Charleston costs $2,023.98/mo compared to $1,708.83/mo in Myrtle Beach—a difference of $315.15/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.