Mortgage payment estimates, closing cost breakdowns, and homebuying data for Myrtle Beach, South Carolina.
Pre-filled with Myrtle Beach median home price and South Carolina tax/insurance rates. Adjust for your property.
Estimated closing costs based on South Carolina rates and fees applied to Myrtle Beach prices.
The median home price in Myrtle Beach is $285,000, 7% below the South Carolina state median of $305,000. With a population of 35,682, Myrtle Beach is a smaller market where home prices tend to be more accessible than in many parts of South Carolina.
Property taxes in South Carolina average 0.57% annually. This low property tax rate is a significant advantage for Myrtle Beach buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in South Carolina runs approximately $2,600 per year. This is within the normal range nationally.
Average rent in Myrtle Beach is $1,280/month. The price-to-rent ratio in Myrtle Beach is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Myrtle Beach presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.