Home Values

Myrtle Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Myrtle Beach is $135, which is higher than the Myrtle Beach Metro average of $117. The median price of homes currently listed in Myrtle Beach is $138,000 while the median price of homes that sold is $99,200. The median rent price in Myrtle Beach is $900, which is lower than the Myrtle Beach Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Myrtle Beach 3.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Myrtle Beach is 4.6%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Myrtle Beach homeowners underwater on their mortgage is 20.7%.

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Relative ZHVI
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Myrtle Beach Market Overview

Data through Nov 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $138,000 Median listing price
  • No recent data Median sale price
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Myrtle Beach Market Health

Data through Nov 30, 2014
  • No recent data
  • No data Average days on Zillow
  • 20.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Ocean Isle Beach $332,700
Pawleys Island $288,800
Sunset Beach $215,500
Name Median ZHVI
Carolina Shores $162,900
Calabash $81,200
 

Listings & Sales

Data through Nov 30, 2014
  • $135 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
44.0%
Sold below listing
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Myrtle Beach Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $938 Myrtle Beach
    $1,096 Myrtle Beach Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $900 Rent list price
  • $0.88 Rent list price / sq ft
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