Median Home Price
$313,507.59
Median Rent
$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 DifferenceTIE
$98,920
Median Home PriceBETTER
$272,812.09
Median RentBETTER
$1,435.86/mo
Price-to-Rent Ratio
15.8
Property Tax RateTIE
0.57%
Price Change (1Y)BETTER
+2.1%
Price Change (5Y)BETTER
+10.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$99,208
Key Differences
Home Prices
Myrtle Beach's median home price of $313,507.59 is higher than Spartanburg's $272,812.09 by 15%.
Monthly Rent
Renting in Myrtle Beach costs $1,708.83/mo compared to $1,435.86/mo in Spartanburg—a difference of $272.97/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.