So why is this famous beach community so affordable? Because the city has a dark side as well. The violent crime rate in Myrtle Beach is more than four times the national average, according to the most recent FBI data. That’s brought home prices down.
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Why is Myrtle Beach real estate so cheap?
So why is this famous beach community so affordable? Because the city has a dark side as well. The violent crime rate in Myrtle Beach is more than four times the national average, according to the most recent FBI data. That’s brought home prices down.
Is Myrtle Beach a good place to invest?
Myrtle Beach is popular for its beaches and entertainment. Thus, if you own a property there, there is a high probability that it will become a suitable investment property. There is such high demand for renting these properties, you can easily charge a higher rent.
Can you make money by owning a condo in Myrtle Beach?
In 2021 a condo will be a decent investment to buy at Myrtle Beach. Some condos are money machines that can continuously earn you a positive cash flow year after year. Of course, keep in mind that some experts will predict that other condos are traps that might destroy you.
Is Myrtle Beach a good place to buy a house?
MYRTLE BEACH, SC (WMBF) – If you know someone who has been wanting to buy a beach house, then tell them to head to Myrtle Beach. A report by Vacasa, North America’s largest vacation rental company, ranked Myrtle Beach as the second-best place to buy a beach house.
Is Myrtle Beach a good place for rental property?
Add in the area’s relatively low cost of living, and it’s not surprising to see why the U.S. News and World Report has named Myrtle Beach the Fastest-Growing Place in the U.S. for 2021-2022. For vacation rental investors who are eager to enter a hot market, that makes Myrtle Beach an ideal place to be.
Is an oceanfront condo a good investment?
A beachfront condo has the potential to be an excellent long-term investment. Over the course of many years, you could easily earn several times what you paid for your investment. Not only that, but most owners of beachside real estate enjoy the added bonus of having a vacation home for their personal use.
Is Murrells Inlet SC A good place to live?
Murrells Inlet is in Georgetown County and is one of the best places to live in South Carolina. Living in Murrells Inlet offers residents a sparse suburban feel and most residents own their homes. In Murrells Inlet there are a lot of restaurants and parks.
How often do hurricanes hit Myrtle Beach?
A hurricane or tropical storm passes within 50 miles of the Myrtle Beach metro area every other year, on average.
Where are people moving from to Myrtle Beach?
MYRTLE BEACH, SC (WBTW) — Transplants to the greater Myrtle Beach area are most likely to be moving from North Carolina, New York, or Pennsylvania, according to a News13 analysis.