According to statistics, the population in Myrtle Beach, SC amounts to 30,760, which shows growth 2% compared to the previous year. The median age of the city’s residents is 42. The average household income is $39,006, shifting growth 5% from the past year, and the average property value in Myrtle Beach, SC growth 3% to $178,300 throughout the year.
|Number Of Employees||14,307|
|Median Property Value||$178,300|
The average household income in Myrtle Beach, SC grew from $37,023 to $39,006 in the past year. This data is an estimate based upon 13,336 households in Myrtle Beach, SC . The chart below presents how household income is distributed in Myrtle Beach, SC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Myrtle Beach, SC shifted from $173,600 to $178,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Myrtle Beach, SC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Myrtle Beach, 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 Myrtle Beach, SC compared to median property taxes around the country. The prevalent amount of property taxes in Myrtle Beach, SC equals $800, which is less than the national average.
|Apartment Size||Mar||vs Last Month|
|4+ bed apartments||$987,129||+25.3%|
During March 2023, the average price for an apartment in/near Myrtle Beach, SC increased by 16.7% to $480,227.
Knowing the current property prices is key if you plan to buy a studio in Myrtle Beach, SC. The average price for a studio has increased since the last month, currently being $343,744. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 0.4% to $195,620. Asking price for 2-bed apartment also increased by 15.2% and a place of this size will now cost you $293,896. A 3-bed apartment goes for $478,558, it decreased by 6.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 25.3% and made it up to $987,129.
|Listing Type||Mar||vs Last Month|
|Land for sale||$184,872||-82%|
|Houses for sale||$871,901||+36.2%|
|Condos for sale||$242,853||+5%|
|Apartments for sale||$129,000||-59.8%|
The average cost of an apartment in Myrtle Beach, SC decreased by 59.8% to $129,000. Price reports demonstrate that house price increased by 36.2% this month making it up to $871,901. Condos are really in demand in this season. The median price for a condo increased by 5%, it’s now available for $242,853. An average value of duplex is $723,116, 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 $611,650. Value of the townhouses didn’t change, the price still starts at $372,310. The average price of the land for sale in Myrtle Beach, SC has decreased by 82%, and now equals $184,872. Other types of properties for sale would cost $137,699 on average. Our data shows that this amount has stayed roughly the same compared to January.