Myrtle Beach Home Prices: $315K, Down 2.9% — 4 ZIPs Analyzed (2026)
Prices dropped for the 11th straight month. The typical home in Myrtle Beach, SC now costs $315,047 — down 2.9% from a year ago. That’s nearly $10,000 off the March 2025 peak.
Quick answer: The average home price in Myrtle Beach, SC is $315,047 as of February 2026, down 2.9% year over year according to Zillow.
Current Home Prices in Myrtle Beach
| Metric | Value |
|---|---|
| Median Home Price | $315,047 |
| Year-over-Year Change | -2.9% |
| Lowest ZIP Median | $275,146 |
| Highest ZIP Median | $353,726 |
| ZIP Codes Tracked | 4 |
| Data as of | February 2026 |
The median home in Myrtle Beach sits at $315,047. A year ago, that number was closer to $324,500. The decline has been gradual — not a crash, but a steady slide of a few hundred dollars per month through most of 2025 and into early 2026.
The spread between the cheapest and most expensive ZIP codes is about $78,600. That’s a meaningful gap for a city this size. Your neighborhood choice alone can swing the price by 25%.
For buyers who’ve been waiting on the sidelines, the math is getting slightly better each month. But “slightly” is the key word. We’re talking about a 2.9% drop, not a fire sale.
Myrtle Beach Home Prices by Neighborhood
| ZIP Code | Median Home Value | Avg. Monthly Rent |
|---|---|---|
| 29577 | $275,146 | $1,675 |
| 29572 | $312,710 | $1,459 |
| 29588 | $318,604 | $1,722 |
| 29579 | $353,726 | $1,766 |
Most Expensive
29579 leads at $353,726 — 12.3% above the city median. It also carries the highest rents at $1,766/month, suggesting strong demand for the area.
Most Affordable
29577 comes in at $275,146, about 12.7% below the city median. Despite being the cheapest place to buy, rents here ($1,675/month) are higher than in 29572 — which makes it a potentially interesting buy-and-rent play.
29572 is worth a look too. Home values sit at $312,710, close to the city median, but rents are the lowest in the city at $1,459/month. If you’re buying to live in, that lower rent signals less competition from renters and possibly a quieter area.
Rent vs Buy in Myrtle Beach
Here’s the basic math. Take the median home price of $315,047. Put 20% down ($63,009) and finance $252,038 at a 7% rate over 30 years. Your monthly principal and interest payment: roughly $1,677.
Now add property taxes and insurance — call it $300-400/month for this price range in South Carolina. You’re looking at $1,977 to $2,077 all-in.
Average rent across the four tracked ZIP codes: about $1,655/month.
| Monthly Cost | |
|---|---|
| Mortgage (P&I, 20% down, 7%) | ~$1,677 |
| Est. Total Housing Cost (taxes, ins.) | ~$2,000 |
| Average Rent | ~$1,655 |
Renting is cheaper on a monthly basis by about $345 when you include taxes and insurance. But you’re not building equity. And rents tend to rise — the question is whether home values will too.
At current prices, buying makes more sense if you plan to stay at least 5 years and can handle the upfront costs. Short-term? Renting wins.
Population Growth and Migration
Myrtle Beach added 4,562 residents between 2020 and 2024, a 12.7% jump. That’s faster than any other major city in South Carolina.
| Year | Population |
|---|---|
| 2020 | 35,973 |
| 2021 | 37,007 |
| 2022 | 38,457 |
| 2023 | 39,779 |
| 2024 | 40,535 |
Growth has been consistent — roughly 1,000 new residents per year. No single spike, just steady inflows.
How does that compare to the rest of the state?
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Myrtle Beach | 40,535 | 12.7% |
| North Charleston | 126,005 | 9.0% |
| Goose Creek | 50,352 | 8.8% |
| Columbia | 144,788 | 6.3% |
| Mount Pleasant | 95,604 | 4.8% |
| Charleston | 157,665 | 4.4% |
Myrtle Beach is growing at nearly three times the rate of Charleston. More people means more housing demand. Yet prices are falling. That tension — rising population, declining prices — suggests the market had been overbuilt or overpriced relative to local incomes. The correction is bringing things closer to equilibrium.
Myrtle Beach Housing Market Trends
| Month | Average Value | Low | High |
|---|---|---|---|
| Mar 2025 | $324,558 | $286,773 | $360,047 |
| Apr 2025 | $322,862 | $284,882 | $358,991 |
| May 2025 | $320,600 | $282,468 | $357,643 |
| Jun 2025 | $318,428 | $280,123 | $356,299 |
| Jul 2025 | $316,689 | $278,011 | $355,041 |
| Aug 2025 | $315,573 | $276,366 | $354,241 |
| Sep 2025 | $314,993 | $275,159 | $353,828 |
| Oct 2025 | $314,616 | $274,464 | $353,404 |
| Nov 2025 | $314,425 | $274,101 | $353,118 |
| Dec 2025 | $314,348 | $273,986 | $353,172 |
| Jan 2026 | $314,605 | $274,348 | $353,445 |
| Feb 2026 | $315,047 | $275,146 | $353,726 |
The decline is slowing. From March to September 2025, prices dropped about $9,500. From September to February 2026, the drop was only $54 — essentially flat.
January and February 2026 actually ticked up slightly from the December low of $314,348. That $699 increase over two months is small, but it breaks the pattern. The floor may be forming.
Is Myrtle Beach a Good Place to Buy in 2026?
The data leans toward buyers.
Prices are down 2.9% year over year. The decline has nearly stalled. Population is growing at 12.7% over four years. And the cheapest ZIP (29577) offers homes under $275K — below the national median.
The risk? Myrtle Beach is a tourism-dependent economy. If you’re buying a primary residence and plan to stay 5+ years, the current dip works in your favor. If you’re buying an investment property, the rent-to-price ratio in areas like 29577 deserves a closer look — $275K purchase price against $1,675/month rent.
For first-time buyers, this is one of the more accessible coastal markets in the Southeast. You won’t find $275K homes near the beach in Charleston or Savannah.
Myrtle Beach Housing Market Outlook for 2026-2027
The 3-month trend suggests prices are stabilizing. After 11 months of decline from the March 2025 peak, the December-to-February period shows a slight uptick — $314,348 to $315,047.
If the current pace continues, expect prices to hold near the $315K mark through mid-2026. A return to the $324K peak seems unlikely in the near term given the pace of decline it took to get here.
The wild card is population growth. At 12.7% over four years, demand pressure hasn’t gone away. If mortgage rates ease even slightly, the stabilization could turn into a rebound. But based solely on the trend data, flat-to-modest-growth is the most likely scenario for the next 6-12 months.
Similar Markets in SC
If you’re exploring options beyond Myrtle Beach, here are other South Carolina markets worth comparing:
- Charleston — the state’s largest city with slower population growth (4.4%) but historically higher price points.
- Columbia — the capital city, growing at 6.3%, often more affordable than coastal markets.
- Summerville — a suburb in the Charleston metro gaining traction with buyers priced out of downtown.
- Greenville — upstate alternative with a different economic base, no beach premium.
- Florence — smaller market that may appeal to buyers seeking lower price points inland.
Frequently Asked Questions
What is the average home price in Myrtle Beach?
The average home price in Myrtle Beach is $315,047 as of February 2026. Across the four tracked ZIP codes, prices range from $275,146 in 29577 to $353,726 in 29579. That’s a roughly $78,600 spread depending on where you buy.
Are home prices going up or down in Myrtle Beach?
Down. Prices fell 2.9% year over year. The decline started around March 2025 when the median hit $324,558. But the pace has slowed dramatically — the last three months show prices essentially flat, with a slight uptick from December’s low.
Is it cheaper to rent or buy in Myrtle Beach?
On a pure monthly payment basis, renting is cheaper. Average rent across Myrtle Beach runs about $1,655/month. A mortgage on the median home (20% down, 7% rate) costs about $1,677 in principal and interest alone — add taxes and insurance and you’re closer to $2,000. Renting saves you roughly $345/month, but you don’t build equity.
What is the most affordable neighborhood in Myrtle Beach?
ZIP code 29577 has the lowest median home value at $275,146. That’s 12.7% below the citywide median. Rent in 29577 averages $1,675/month, making the price-to-rent ratio more attractive for investors compared to other parts of the city.
Is Myrtle Beach growing or shrinking?
Growing — and fast. The population hit 40,535 in 2024, up 12.7% from 35,973 in 2020. That growth rate beats every other major city in South Carolina, including Charleston (4.4%) and Columbia (6.3%).
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.