Myrtle Beach is a coastal urban area in South Carolina where the famous Grand Strand lies. The city offers a lot of sunshine, over a hundred glorious beaches, thrilling entertainment, world-class golf courses, and exceptional attractions that are enticing 20 million visitors every year. 

Apart from being a vacation hot spot, this coastal city is also one of the ideal places to live, given its mild weather, low cost of living, employment opportunities, and relaxing environment. If you have visited the town several times, and wondering whether it is prudent to invest in Myrtle Beach real estate, the answer is an astounding yes for the following reasons:


Despite the fact that you are buying a second home or investing in a residential property to stay in Myrtle Beach permanently, you will be surprised that the average cost of a home in the town is several thousand dollars lower than similar properties across the United States. Recent statistics show that the average price of residential properties in the area is close to $168,000. This figure is significantly lower than other beach towns like Santa Barbara in California, where the median home value is over $1.1 million.

Think about it. Where else can you purchase a home close to white sand and turquoise-blue waters without breaking the bank? 

Income Opportunities

If you are only interested in buying a vacation home in Myrtle Beach so that you can visit a few times a year, you can rent out your property to other tourists. Imagine earning around $1,400 when you rent out a single-family home for a month. That is a passive income of $14,000 for just ten months in a year. 

Low Tax Rate

Apart from affordable housing, Myrtle Beach is also recognized for having one of the lowest property tax rates among the numerous coastal cities in the country. One survey revealed that the average property tax amount paid by residents in the area is $785 only. This rate is much cheaper than other beach towns like Hampton, Virginia, wherein the amount of tax paid is over $2,000 a year.

Quality of Life

Perhaps the number one reason that will convince you to invest in a residential real estate in this beautiful coastal town goes beyond financial benefits. Having a place near the beach can significantly improve your quality of life. 

According to multiple studies, walking along the seashore, sunbathing, or merely looking at the waters offer plenty of mental health advantages, such as the following:
  • Reduced risk of depression
  • Relief from stress and anxiety
  • Improved self-esteem
  • Induce relaxation
  • Enhanced mindfulness
  • Better mood
Several research studies also support how living close to blue waters can improve one’s physical health. For instance, swimming in seawater helps address specific skin conditions like psoriasis and skin lesions because of the water’s high mineral content. 

Have you ever doubted why you do not experience a clogged nose or difficulty breathing when you visit the beach? The secret is the sea air, which helps alleviate respiratory inflammation like sinusitis. The smell of salty water in the air and the sound of the waves also offer relaxing benefits that promote good sleep and feelings of satisfaction.

Given the discussion points above, it is clear that investing in Myrtle Beach real estate is like buying a piece of paradise. Imagine living like every day is a vacation without spending your life savings. How amazing is that, right?