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Myrtle Beach city, SC

ZIP 29577 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 29577

Median Home Value
$273,700
Median Rent
$958
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,758/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 29577 in Myrtle Beach city, SC, a household would need roughly $75,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,758. That is about 54% above the local median household income ($48,561), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
59.3%-9% vs US avg
x
Vacancy Rate
28.9%+180% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
33.9%-32% vs US avg
x
Mortgage-Free
47.8%+25% vs US avg
x
$273,700
Home Value
$958
Rent
1993
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached35.9%
  • 1-unit attached7.9%
  • 2-9 units17.8%
  • 10+ units30.5%
  • Mobile home & other7.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$273,700
Median rent$958
Owner-occupied59.3%
Vacant28.9%
Price-to-income5.6x
Est. income to buy$75,000