When you’re ready to explore the market, make your search easier by starting with Evolve homes for sale.
Town | Median Rental Revenue | Median Listing Price | Example Cap Rate |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% | |
$31,795 | $264,093 | 8.4% |
BB-XXX Beachside bliss is the heart of Myrtle Beach, where over 90 golf courses, 1,800 restaurants, and hundreds of stores, amusement parks, and live entertainment options hug 60 miles of pristine coastline.
Also known as the Grand Strand, this popular beach town consistently sees a wave of tourists every summer. According to World Population Review, an estimated 14 million visitors pass through the idyllic boardwalks and sandy shores of Myrtle Beach each year.
It’s this family-friendly destination’s unique blend of thrills, sights, and relaxation that make it a beloved vacation spot to return to year after year — which, in turn, makes it a top location to own a short-term rental property.
To help you understand the scope of investment opportunities within this in-demand market, we created a free downloadable vacation rental market analysis ideal for prospective buyers.
Inside our free report you’ll find:
- Rental income potential by property size
- Top-performing property types
- Vacation rental inventory by property size
- Occupancy rate by month
- Average daily rate by property size and season
Download Our Complete Myrtle Beach Vacation Rental Investment Analysis
Why Myrtle Beach Is a Great Place to Own Vacation Rental Property
From the tiny, tight-knit town of Loris to the bustling boardwalk of The Beach, the 14 unique communities of Myrtle Beach offer their own attractions, atmosphere, perks, and properties, all with access to the sandy shores of the Atlantic and mild year-round temperatures. Add in the area’s relatively low cost of living, and it’s not surprising to see why the U.S. News and World Report named Myrtle Beach the Fastest-Growing Place in the U.S. for 2021-2022.
For vacation rental investors who are eager to enter a hot market, that makes Myrtle Beach an ideal place to be.
While the beaches of Miami and Panama City are magnets for energetic college students, the smaller-town Southern hospitality of Myrtle Beach is more popular with East Coast families relaxing on their school breaks. According to our market analysis, Myrtle Beach has a long peak season — the surge starts building around spring break in April, and peaks during the summer vacation stretch from June through August when occupancy hits an annual high.
But back-to-school season doesn’t mean your occupancy numbers are in trouble. Myrtle Beach continues to attract a variety of visitors thanks to its golf courses, performing arts, and restaurant scene. So no matter the time of year, there are opportunities to book many kinds of guests — especially if you know what they want in a vacation rental.
It’s also worth mentioning that, even with an influx of new residents and beachgoers, the real estate in Myrtle Beach is more affordable than many of its neighbors along the South Carolina coast. Zillow reports a median home value of $300,680 for the average home, with plenty of desirable beachfront properties available.