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North Myrtle Beach, SC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,789
Monthly Cash Flow
-$619
Principal + Equity
$2,355
Annual Total Gain
$20,835
Cash on Cash
-7.65%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$284
Occupancy Rate
64.52%
Monthly Revenue
$4,183
Monthly Cash Flow
$1,148
Principal + Equity
$2,355
Annual Total Gain
$42,035
Cash on Cash %
14.18%
Net ROI %
Market Health & Growth
Median Income
$72,111
Population
19,343
LTR Renter %
17.08%
Forecast (1 yr)
1.8%
Appreciation (1 yr)
-4.88%
Appreciation (5 yr)
49.75%
Appreciation (10 yr)
85.18%
Job Growth
-1.39%
LTR Rentability
High
STR Demand
71
STR Rentals
8,399
Top Public Schools
AHCS Early College High School
A-Socastee Middle
A-
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in South Carolina
#8out of 188 markets
Places with the Best Public Schools in South Carolina
#29out of 188 markets
Suburbs with the Best Public Schools in South Carolina
#29out of 120 markets
B
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in North Myrtle Beach, SC.
In North Myrtle Beach, SC, there are specific regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Licensing and registration: All short term rental properties in North Myrtle Beach must be properly licensed and registered with the city. This includes obtaining a business license and paying any associated fees.
2. Occupancy limits: There are strict occupancy limits for short term rental properties in North Myrtle Beach. Investors should be aware of these limits and ensure that they are adhered to at all times.
3. Noise and disturbance regulations: North Myrtle Beach has noise and disturbance regulations in place to ensure that short term rental properties do not disrupt the peace and quiet of the surrounding neighborhood. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
4. Parking regulations: There are specific parking regulations for short term rental properties in North Myrtle Beach. Investors should ensure that there is adequate parking available for guests and that they comply with all parking regulations.
5. Rental duration restrictions: North Myrtle Beach has restrictions on the minimum rental duration for short term rental properties. Investors should be aware of these restrictions and ensure that they comply with them.
6. Taxation: Short term rental properties in North Myrtle Beach are subject to various taxes, including sales tax and accommodations tax. Investors should be aware of these tax obligations and ensure that they are properly collected and remitted.
Overall, investors should thoroughly research and understand the regulations and requirements for short term rentals in North Myrtle Beach before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and even the loss of the ability to operate a short term rental property in the city.
Market Trends Over Time
Explore 25 years of market data for North Myrtle Beach, SC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to North Myrtle Beach, SC.
The LTR Genie Score of North Myrtle Beach, SC is 71, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score is even higher at 82, suggesting that short-term rental properties, such as those listed on Airbnb, are particularly lucrative in this market. The high scores can be attributed to the strong STR Net ROI of 43.28% and the solid LTR Net ROI of 21.45%. The 1-Year Price Appreciation Forecast of 1.8% also indicates potential for property value growth in the near future.
North Myrtle Beach, SC is a popular tourist destination known for its beautiful beaches, golf courses, and family-friendly attractions. The area attracts visitors year-round, making it an attractive location for both short-term and long-term rental investments.
Based on the metrics provided, North Myrtle Beach, SC appears to be a promising market for both long-term and short-term rental investments. The high LTR and STR Genie Scores, along with the strong ROI figures, suggest that investors could potentially see solid returns in both rental categories. With the steady rent growth rate and positive price appreciation forecast, this market offers opportunities for investors looking to diversify their rental property portfolio.
LTR Genie Score 93
$100,000
🛏 2 Beds🛁 2.0000 Baths🏙 922 sqft.🏠 CONDO
6000 N Ocean Blvd #233, North Myrtle Beach, SC 29582
