Home Values in Myrtle Beach, South Carolina — 2026 Market Report
Updated March 2026 | Balanced Market | +7.8% YoY
The median home value in Myrtle Beach, South Carolina is $285,000 as of March 2026, which is below the national median of $400,000. Home values in Myrtle Beach have increased by 7.8% over the past year and 45.6% over the last five years. With a population of 35,682 and a median household income of $38,250, the price-to-income ratio stands at 7.5x, making Myrtle Beach affordable for the average household.
Myrtle Beach Housing Market Conditions
| Metric | Myrtle Beach | National Avg |
|---|---|---|
| Median Home Value | $285,000 | $400,000 |
| YoY Appreciation | +7.8% | +3.8% |
| 5-Year Appreciation | +45.6% | +22.4% |
| Price per Sq Ft | $84 | $222 |
| Days on Market | 36 days | 45 days |
| Months of Supply | 3.7 | 3.5 |
| List-to-Sale Ratio | 97.8% | 98.5% |
| Monthly Homes Sold | 26 | — |
| Foreclosure Rate | 0.49% | 0.3% |
Home Value Trends in Myrtle Beach
A homeowner who purchased at the median price of $195,742 five years ago in Myrtle Beach would have gained approximately $89,258 in equity, representing a 45.6% return on investment. Over the past year alone, the typical homeowner gained $20,622 in home equity.
Affordability in Myrtle Beach, SC
With a median household income of $38,250 and a median home price of $285,000, the price-to-income ratio in Myrtle Beach is 7.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,246 compared to estimated monthly ownership costs of $1,489 gives a rent-vs-buy ratio of 0.66. In Myrtle Beach, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Myrtle Beach
The effective property tax rate in South Carolina is 0.57%. On a home valued at $285,000, the estimated annual property tax bill is $1,625, or approximately $135/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Myrtle Beach is 92.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Myrtle Beach, SC?
The median home value in Myrtle Beach, South Carolina is $285,000 as of March 2026. Home values have changed +7.8% over the past year, with a 5-year appreciation of 45.6%.
Is Myrtle Beach a buyer's or seller's market?
Myrtle Beach is currently a balanced market with 3.7 months of housing supply. Homes spend an average of 36 days on market, and the list-to-sale price ratio is 97.8%. Supply and demand are relatively balanced.
Are home values going up in Myrtle Beach?
Yes, home values in Myrtle Beach have increased by 7.8% over the past year. The 5-year appreciation rate is 45.6%, meaning a home worth $195,742 five years ago is now worth $285,000.
Is it better to rent or buy in Myrtle Beach?
The average monthly rent in Myrtle Beach is $2,246, while estimated monthly homeownership costs are approximately $1,489. The price-to-rent ratio is 10.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other South Carolina Cities
Related Resources
Disclaimer: Home value data for Myrtle Beach, South Carolina is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.