What's a good cap rate in Myrtle Beach?

In Myrtle Beach, cap rates typically run around 6.8% (South Carolina state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Myrtle Beach deal lands versus this benchmark.

What's the average rent for a rental in Myrtle Beach?

A typical rental in Myrtle Beach runs about $1,350–$1,800/mo (estimate; varies by neighborhood, size, and condition). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in South Carolina?

South Carolina's effective property tax rate is about 0.57% of value per year — the figure TrueCap applies by default for Myrtle Beach deals. You can override it with the exact local rate.

Myrtle Beach, SC

Myrtle Beach rental property analysis

Myrtle Beach is a tourism-driven coastal market with fast retiree-and-worker in-migration and strong short-term-rental demand.

Myrtle Beach market snapshot

Balanced market

Mid-range cap rates — cash flow and appreciation are both realistically on the table.

Typical cap rate

6.8%

South Carolina state median

Typical rent

$1,350–$1,800/mo

est., SFR / small multi

Typical price

$240,000–$330,000

est., all-in

Property tax

0.57%

South Carolina effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Myrtle Beach a good place to buy rentals?

Tourism and growth drive demand, but seasonality and STR competition matter — underwrite vacancy honestly and quote coastal insurance.

See the full South Carolinainvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Myrtle Beach

Carolina Forest

Family renters, growth, low vacancy.

Conway

Inland; affordable, steady long-term demand.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Myrtle Beach deal in 60 seconds

Paste a Myrtle Beach address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with South Carolina tax and HUD rent so you start from the right assumptions.

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