Mortgage Payment Calculator for Myrtle Beach, SC
Updated 2026 · Local data pre-filled
The median home price in Myrtle Beach, SC is $295,000, with an effective property tax rate of 0.58% — below the national average of 1.10%. We've pre-filled the calculator with local figures so your estimate reflects what buyers actually pay in Myrtle Beach.
✓ Calculator below is pre-filled with Myrtle Beach local data
How Myrtle Beach Compares to the National Average
Understanding how Myrtle Beach stacks up helps you calibrate your financial planning.
| Metric | Myrtle Beach, SC | US Average | Difference |
|---|---|---|---|
| Median Home Price | $295,000 | $420,800 | -29.9% |
| Median Monthly Rent | $1,350 | $1,713 | -21.2% |
| Median Household Income | $54,800 | $74,580 | -26.5% |
| Property Tax Rate | 0.58% | 1.10% | -47.3% |
| Cost of Living Index | 96 | 100 | -4.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Myrtle Beach Financial Snapshot
- Population (Metro)
- 530,000
- Unemployment
- 3.5%
- Avg Commute
- 22 min
- Median Age
- 40
- Price-to-Rent Ratio
- 18.2x
- Annual Property Tax
- $1,711
Mortgage Payment Calculator in Other South Carolina Cities
Frequently Asked Questions — Myrtle Beach
What is the median home price in Myrtle Beach, SC?
The median home price in Myrtle Beach is $295,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Myrtle Beach?
Median monthly rent in Myrtle Beach is $1,350. That works out to $16,200/year, or 30% of the median household income — within the commonly recommended 30% of income guideline.
Is Myrtle Beach affordable?
Myrtle Beach's cost of living index is 96 vs. the national average of 100. With a median household income of $54,800/year and a median home price of $295,000, the price-to-income ratio is 5.4x. Myrtle Beach falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Myrtle Beach?
The effective property tax rate in Myrtle Beach is 0.58% of assessed value. On the median home of $295,000, that's roughly $1,711/year ($143/month).