Real Estate in Myrtle Beach

About Myrtle Beach


Whether you are looking to relocate to a new primary residency, looking for a vacation home, or even for an investment property, Myrtle Beach is an ideal location. The Grand Strand offers an outstanding quality of life, including abundant leisure activities, temperate climate, and a low cost of living. Take a look at the information below, and you can get a glimpse of all that Myrtle Beach has to offer.

Climate

Myrtle Beach has a moderate year-round climate that allows residents to freely pursue their favorite activities. The average temperature is 74 degrees. Take a look at the weather.

Schools

Learn more about the local schools including attendance, enrollment, and view the South Carolina report cards on each school.

Employment

Tourism is the largest employer in our region. An estimated 73,500 jobs in Horry and Georgetown counties are related to tourism. Some of these jobs are hourly-wage positions, while others are management and supervisory. Beyond these jobs, there are a multitude of professional positions and support positions in nearly every industry.

Cost of Living

A low cost of living is not always typical of coastal cities with an excellent quality of life. In the Myrtle Beach area, your dollar has a much higher buying power than virtually any other major area in the country – the cost of living is typically 7 percent lower than the nation as a whole. While transplants are likely to find similar prices on groceries and clothing compared to what they previously paid “back home,” the huge savings is typically on taxes and housing costs.

When it comes to quality of life, you just can’t beat it. And when it comes to affordability, you’d be hard pressed to find much to complain about! See what your salary needs would be in the Myrtle Beach area compared to your current city.

S.C. Property Tax

Each class of property is assessed at a ratio unique to that type of property. The assessment ratio is applied to the market value of the property to determine the assessed value of the property. Each county and municipality then applies its millage rate to the assessed value to determine the tax due.

The following example is based on a qualified legal residence located in the unincorporated area of Horry County.

$125,000 Fair market value of home
x   4% Assessment ratio (4% if qualified legal resident)
$5,000 Assessed value
x   .2026 Countywide millage rate 1
$1,013.00 Taxes
–   601.00 Tax credit – (5,000 @ .1202) School operations
$412.00 Taxes Due

A commercial property located in the unincorporated area of Horry County:

$125,000 Fair market value of home
x   6% Assessment ratio
$7,500 Assessed value
x   .2026 Countywide millage rate 1
$1,519.50 Taxes Due

1 County Millage: 45.2; School: 130.2; Fire: 21.2; Waste Mgmt: 6.0;

 Myrtle Beach (zip 29577), SC Taxes

Myrtle Beach (zip 29577), SC,sales tax rate is 7.00%.  Income tax is 7.00%.

Population

As of 2011, Myrtle Beach (zip 29577)’s population is 29,640 people. Since 2000, it has had a population growth of 26.90 percent.

Just for Fun

You will never run out of things to do in the Myrtle Beach area. The number of ways to spend your leisure time are endless: dining, golf, shopping, nightlife, the new Myrtle Beach boardwalk, amusement parks, zoos, theaters, state parks, and of course, 60 miles of sandy beaches are just a few ways to enjoy the area. Here is a list of 101 things to do.