A family-friendly, cheaper version of several Florida holiday destinations, Myrtle Beach, South Carolina, should be the place to consider when planning to buy a home. Myrtle Beach real estate is much larger than its population, allowing you to purchase a low-cost property.
The median price of homes is $156,300 and varies depending on the locale. This makes it a lucrative investment opportunity if you are planning to live there or thinking about buying a second home. These are the reasons why Myrtle Beach housing market is so attractive.
Low Prices on Everything
Myrtle Beach has one of the lowest costs of living among all the beaches on the east coast. It allows people with low incomes to be able to own a beachfront house or condo and enjoy all the amenities and scenic beauty that it offers.
Not just the real estate, the daily use items like groceries, doctors’ fees, hospital bills, and property taxes are quite low when compared to other similar beachside locations like Miami Beach or Las Vegas.
Beachfront Luxury Condos at Lowest Prices
Not just the inner sanctum of the city, but even the waterfront neighborhood has condos for prices as low as $100,000. The city has something for every income from a hotel porter to a multi-millionaire.
For those looking at luxury and exclusivity, Barefoot Resort’s Yacht Club to Grande Dunes and Litchfield Beach are the ideal locations for you. These locations in Myrtle Beach real estate are where the rich flaunt their lifestyles.
Attracts Tourists in the Summer
The city has a distinct summer that attracts a lot of tourists. So, if you own a local business, or plan to set up one, then you can expect to make a net profit in the summers. With spring, the traffic reduces, the weather turns pleasantly warm, and most of the tourists are gone.
Once summer is over, you can spend the extra cash that you made to entertain yourself. Most resorts and other amenities would have reduced their prices to cater to the locals.
Pleasant Winters
The winter is mild, with temperatures less than 50 degrees and lasts for about two months. The best part of the city’s weather is that it has four distinct seasons. So, you can enjoy each one of them.
Excellent Investment Opportunity
For those who are looking at Myrtle Beach from an investment angle should not wait to buy property there. The city is increasing in its popularity as a holiday destination, not just in the summers, but in spring too. So, you can expect to make a decent rental income from your home there. Due to the low property taxes, most of your income is intact.
Labeled as the number two fastest-growing metropolitan city, Myrtle Beach South Carolina should be on top of your list of every home buyer. Myrtle Beach real estate offers a low cost of living, low property taxes, pleasant weather, and a contemporary lifestyle.
Whether you are considering living there, or want to buy an investment property, now is the time. By investing in the real estate market there, you can take advantage of the rising property prices.
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