Myrtle Beach

South Carolina · Ranked #316 of 373 metros

45Moderate
💡
Housing in Myrtle Beach costs 4.59× the median income, above the national average of 4.5×. The median home price is $317K and median rent is $1,265/month. Myrtle Beach ranks #316 of 373 metros for affordability.

Median Home Price

🏠

$317K

Need $92K income

Median Rent

🔑

$1,265

Need $54K income

Housing Shortage

📉

12,000

units needed

Building Permits

🔨

10,000

annual

Median Income

💰

$69K

Pop: 496,901

Rent Burden

⚠️

34.0%

of renters paying >30%

Price Change (YoY)

📈

+5%

Homeownership

🏡

79.0%

Rent Burden

vs. National Average

Key Facts vs. National Average

MetricMyrtle BeachNational
Price-to-Income Ratio4.59x6.1x
Rent Burden34.0%31.5%
Homeownership Rate79.0%65.5%
YoY Price Change+5%+3.5%
YoY Rent Change+3.5%+2.8%
Mortgage Denial Rate14.5%13.5%
Eviction Rate5.0%3.6%

House Price Index (2000–2025)

FHFA All-Transactions HPI

Since 2019: +76.4%Since 2000: +189.8%

HUD Fair Market Rents (FY2026)

Section 8 voucher payment standards

Studio$1,145/mo
1 Bedroom$1,229/mo
2 Bedroom$1,465/mo
3 Bedroom$1,805/mo
4 Bedroom$2,111/mo

Zillow Market Data

Home Value (ZHVI)

$334K

1yr: -1.8%5yr: +37.4%

Rent (ZORI)

$1,682/mo

1yr: +0.1%5yr: +33.5%

Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.

Redfin Market Activity

Median Sale Price

$332K

Active Inventory

9,910

Days on Market

127

Sold Above List

7.1%

Price Drops

20.7%