North Myrtle Beach, South Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the North Myrtle Beach, South Carolina rental market.
North Myrtle Beach, South Carolina
Average Apartment Rent
$1,665
Y-o-Y Change in Average
Apartment Rent
-0.4%
As of November 2024
Compared to a year ago, North Myrtle Beach, South Carolina apartments have recorded a -0.4% rent decrease.
North Myrtle Beach, South Carolina Average apartment rent trend
North Myrtle Beach, South Carolina Average Apartment Rent
North Myrtle Beach, South Carolina Apartment rent ranges
At 52.79%, apartments priced $1,500 - $2,000 represent the bulk of North Myrtle Beach, South Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 8.45%.
North Myrtle Beach, South Carolina Housing tenure**
Renters take up 16% of North Myrtle Beach, South Carolina real estate, occupying a total of 1,433 units, while homeowners live in 7,510 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$50,529
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
76.5%
North Myrtle Beach, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 791 rentals in North Myrtle Beach, South Carolina with 2 beds making up the highest share of the market, at 55%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 13 units. Overall, the median number of rooms in North Myrtle Beach, South Carolina homes for rent is 4.3.
North Myrtle Beach, South Carolina Renter-occupied units by age of householder**
Most condos for rent in North Myrtle Beach, South Carolina are occupied by residents in the 35 - 44 years age group (18%), followed by those in the 65 - 74 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
North Myrtle Beach, South Carolina Renter-occupied housing units by family type**
North Myrtle Beach, South Carolina Renter-occupied housing units by the presence of own children**
A total of 687 apartments for rent in North Myrtle Beach, South Carolina, or 48% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 363 units. All in all, the median size of a renter-occupied household in North Myrtle Beach, South Carolina is 2.39.
North Myrtle Beach, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in North Myrtle Beach, South Carolina.
North Myrtle Beach, South Carolina Renter-occupied units by year structure built**
The highest share of North Myrtle Beach, South Carolina apartment rentals, namely 25% or 357 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (20%, 286 units), and the ones Built 1970 - 1979 (17%, 243 units).
North Myrtle Beach, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most North Myrtle Beach, South Carolina renters (50%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Myrtle Beach, South Carolina condos for rent is 2016.
North Myrtle Beach, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of North Myrtle Beach, South Carolina renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 15% have 3 vehicles available.
North Myrtle Beach, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
North Myrtle Beach, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
North Myrtle Beach, South Carolina Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all North Myrtle Beach, South Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates