According to statistics, the population in Murrells Inlet, SC amounts to 8,752, which shows decline -4% compared to the previous year. The median age of the city’s residents is 55. The average household income is $51,667, shifting growth 2% from the past year, and the average property value in Murrells Inlet, SC growth 5% to $234,000 throughout the year.
|Number Of Employees||3,691|
|Median Property Value||$234,000|
The average household income in Murrells Inlet, SC grew from $50,875 to $51,667 in the past year. This data is an estimate based upon 3,850 households in Murrells Inlet, SC . The chart below presents how household income is distributed in Murrells Inlet, SC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Murrells Inlet, SC shifted from $222,200 to $234,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Murrells Inlet, SC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Murrells Inlet, SC properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Murrells Inlet, SC compared to median property taxes around the country. The prevalent amount of property taxes in Murrells Inlet, SC equals $800, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$665,761||+2%|
During March 2023, the average price for an apartment in/near Murrells Inlet, SC increased by 1.5% to $437,455.
Knowing the current property prices is key if you plan to buy a studio in Murrells Inlet, SC. The average price for a studio has decreased since the last month, currently being $210,037. After collecting all data points, we now see that the average price for 1-bed apartment stands at $139,750 with no changes this month. Asking price for 2-bed apartment also decreased by 3.1% and a place of this size will now cost you $157,513. A 3-bed apartment goes for $414,352, it increased by 1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 2% and made it up to $665,761.
|Listing Type||Feb||vs Last Month|
|Other for sale||$92,499||+0%|
|Lofts for sale||$480,676||+0%|
|Houses for sale||$507,376||+3%|
|Duplexes for sale||$339,900||+0%|
|Condos for sale||$254,414||-0.6%|
|Land for sale||$717,866||-10.5%|
|Apartments for sale||$122,022||+58.2%|
The average cost of an apartment in Murrells Inlet, SC rised by 58.2% to $122,022. Price reports demonstrate that house price increased by 3% this month making it up to $507,376. Condos faced an upward trend these days. The median price for a condo decreased by 0.6%, it’s now available for $254,414. An average value of duplex is $339,900, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $480,676. The average price of the land for sale in Murrells Inlet, SC has decreased by 10.5%, and now equals $717,866. Other types of properties for sale would cost $92,499 on average. Our data shows that this amount has stayed roughly the same compared to February.