North Myrtle Beach, SC—29582
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Myrtle Beach, SC
As of Oct '25, the median home price in North Myrtle Beach, SC is $389,000, with a year-over-year change of -4.8%. This indicates that home prices in North Myrtle Beach, SC are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | -4.8% |
| Single Family | $488,000 | -3.6% |
| Condos | $313,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $203,000 | -9.8% |
2 Bed | $273,000 | -7.1% |
3 Bed | $444,000 | -3.9% |
4 Bed | $635,000 | -3.5% |
| 5 Bed | $891,000 | -3.7% |
% of Housing Stock
Rental Trends — North Myrtle Beach, SC
As of July '25, Rentcast reports the average rent in North Myrtle Beach, SC is $1,920, with a year-over-year rent change of -11.9%. Per bedroom, the median rent as of July '25 in North Myrtle Beach, SC is studios: $1,110, 1-bedrooms: $1,350, 2-bedrooms: $1,510, 3-bedrooms: $2,380, 4-bedrooms: $3,100. The most common rental property sizes in North Myrtle Beach, SC are 2-bedroom and 3-bedroom, accounting for 58.0% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,920 |
| Studio Rent | $1,020 | $1,110 |
| 1 Bed Rent | $1,290 | $1,350 |
| 2 Bed Rent | $1,500 | $1,510 |
| 3 Bed Rent | $2,450 | $2,380 |
| 4 Bed Rent | $3,000 | $3,100 |
% of Rental Stock
Property Listings — North Myrtle Beach, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in North Myrtle Beach, SC is 86. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 5.0% |
Listing Count | 1,150 | 21.0% |
| Listings as % of Homes | 2.2% | 21.0% |
Days on Market | 86 | 6.0% |
Demographics — North Myrtle Beach, SC
As of the latest ACS Survey released in 2023, North Myrtle Beach, SC has a population of 20,100, which has increased by 21.5% over the past 5 years. North Myrtle Beach, SC is a less popular place for families, as children make up 10.5% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | 21.5% |
% Under 18 | 10.5% | 0.0% |
% Seniors | 36.8% | 7.0% |
% WFH | 15.1% | 106.8% |
% w/ College Degree | 38.4% | 12.6% |
As of the latest ACS Survey released in 2023, North Myrtle Beach, SC is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in North Myrtle Beach, SC is hispanic, making up 7.9% of the population. Foreign-born residents account for 8.4% of the population in North Myrtle Beach, SC, and this percentage has increased by 13.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.9% | -2.1% |
% Black | 3.8% | -45.7% |
% Hispanic | 7.9% | 107.9% |
% Asian | 1.8% | -14.3% |
% Foreign Born | 8.4% | 13.5% |
Mortgage and Risk — North Myrtle Beach, SC
According to HUD data as of 2023, there were 1246 mortgage originations in North Myrtle Beach, SC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in North Myrtle Beach, SC. Investor activity is low, as 11.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,246 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 11.0% |
% Second Loans | 36.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — North Myrtle Beach, SC
As of 2024, the percent of homes in North Myrtle Beach, SC under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in North Myrtle Beach, SC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,290 | $1,310 |
| 2 Bedroom | $40 | $1,500 | $1,540 |
| 3 Bedroom | -$510 | $2,450 | $1,940 |
| 4 Bedroom | -$740 | $3,000 | $2,260 |
Affordability — North Myrtle Beach, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $389,000 |
| Median Household Income | $71,000 |