Murrells Inlet, SC—29576
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Murrells Inlet, SC
As of Oct '25, the median home price in Murrells Inlet, SC is $394,000, with a year-over-year change of -2.1%. This indicates that home prices in Murrells Inlet, SC are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $394,000 | -2.2% |
| Single Family | $441,000 | -0.9% |
| Condos | $268,000 | -4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $210,000 | -6.2% |
2 Bed | $264,000 | -3.3% |
3 Bed | $391,000 | -1.5% |
4 Bed | $573,000 | 0.0% |
| 5 Bed | $956,000 | 0.8% |
% of Housing Stock
Rental Trends — Murrells Inlet, SC
As of July '25, Rentcast reports the average rent in Murrells Inlet, SC is $1,800, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Murrells Inlet, SC is studios: $1,360, 1-bedrooms: $1,280, 2-bedrooms: $1,680, 3-bedrooms: $1,990, 4-bedrooms: $2,020. The most common rental property sizes in Murrells Inlet, SC are 3-bedroom and 2-bedroom, accounting for 53.7% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | $1,360 | $1,360 |
| 1 Bed Rent | $1,320 | $1,280 |
| 2 Bed Rent | $1,650 | $1,680 |
| 3 Bed Rent | $2,000 | $1,990 |
| 4 Bed Rent | $1,900 | $2,020 |
% of Rental Stock
Property Listings — Murrells Inlet, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Murrells Inlet, SC is 75. This is a increase of 16.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 4.0% |
Listing Count | 624 | 28.0% |
| Listings as % of Homes | 1.5% | 28.0% |
Days on Market | 75 | 16.0% |
Demographics — Murrells Inlet, SC
As of the latest ACS Survey released in 2023, Murrells Inlet, SC has a population of 33,000, which has increased by 6.2% over the past 5 years. Murrells Inlet, SC is a less popular place for families, as children make up 9.9% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 6.2% |
% Under 18 | 9.9% | -10.0% |
% Seniors | 42.5% | 13.6% |
% WFH | 14.7% | 141.0% |
% w/ College Degree | 32.0% | 17.6% |
As of the latest ACS Survey released in 2023, Murrells Inlet, SC is a predominantly white area, with 89.2% 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 Murrells Inlet, SC is hispanic, making up 3.8% of the population. Foreign-born residents account for 4.8% of the population in Murrells Inlet, SC, and this percentage has increased by 77.8% 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 | 89.2% | -2.1% |
% Black | 3.5% | -28.6% |
% Hispanic | 3.8% | 171.4% |
% Asian | 1.6% | 60.0% |
% Foreign Born | 4.8% | 77.8% |
Mortgage and Risk — Murrells Inlet, SC
According to HUD data as of 2023, there were 789 mortgage originations in Murrells Inlet, SC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Murrells Inlet, SC. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 789 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Murrells Inlet, SC
As of 2024, the percent of homes in Murrells Inlet, SC under the Section 8 program is 0.5%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Murrells Inlet, SC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,320 | $1,320 |
| 2 Bedroom | -$50 | $1,650 | $1,600 |
| 3 Bedroom | -$10 | $2,000 | $1,990 |
| 4 Bedroom | $440 | $1,900 | $2,340 |
Affordability — Murrells Inlet, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $394,000 |
| Median Household Income | $70,300 |