Real Estate Prices and Overview
Median real estate prices in the City Center of Myrtle Beach are $128,978, which is more expensive than 61.5% of the neighborhoods
in South Carolina and 37.1% of the
neighborhoods in the U.S.
Average rental prices in Myrtle Beach City Center are currently
$704, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 56.5% of South Carolina neighborhoods.
Myrtle Beach City Center is a suburban neighborhood (based on population
density) located in Myrtle Beach, South Carolina. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Real estate in the City Center of Myrtle Beach, SC is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Myrtle Beach
City Center. The current real estate vacancy rate here is 54.2%.
This is higher than the rate of vacancies in 99.0% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Real Estate
Do you like a coastal setting? If so, this neighborhood may be to your liking.
The Myrtle Beach City Center neighborhood is on the ocean, a bay, or inlet.
Often such coastal places have amenities and recreational activities on the waterfront
that are attractive to residents and visitors alike.
In addition, renter-occupied real estate is dominant in the Myrtle Beach City Center neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 83.6%, which is higher than 95.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 54.2% of the residential real estate vacant, the Myrtle Beach City Center neighborhood claims the distinction of having a higher vacancy rate than 99.0% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Notable & Unique: Modes of Transportation
In the Myrtle Beach City Center neighborhood, carpooling is still a popular
way to get to and from work. NeighborhoodScout's analysis reveals that
41.6% of commuters carpool here, which is more than in
99.9% of all U.S. neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no
further than this unique neighborhood. With 6.3% of residents in
the Myrtle Beach City Center neighborhood commuting on a bicycle to and
from work daily, this neighborhood has more bicycle commuters than
98.4% of all neighborhoods in the U.S., according to
NeighborhoodScout's exclusive analysis.
Notable & Unique: People
Of note, 86.1% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
Notable & Unique: Diversity
Did you know that the Myrtle Beach City Center neighborhood has more
Brazilian and Arab ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.2% of
this neighborhood's residents have Brazilian ancestry and 3.4% have Arab ancestry.
Myrtle Beach City Center is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily
speak Navajo at home. While this may seem like a small percentage, it is higher
than 99.0% of the neighborhoods in America.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the Myrtle Beach City Center neighborhood buck
43.8% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
98.2% of U.S. neighborhoods.
Notable & Unique: Occupations
More people work in manufacturing and as laborers here in the Myrtle Beach City Center
neighborhood than in 96.9% of the neighborhoods in America. Despite
the loss of manufacturing jobs across the nation, this neighborhood remains
a place where, compared to other parts of the country, you will find many
laborers and manufacturers.
Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has
a length of commute that is notable.
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the Myrtle Beach
City Center neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
9.2% of commuters here travel more than one hour just one-way
to work. That is more than two hours per day. This percentage with two-hour +
round-trip commutes is higher than NeighborhoodScout found in 96.5%
of all neighborhoods in America.
The Neighbors: Income
There are two complementary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the City Center neighborhood in Myrtle Beach are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 93.1% of U.S. neighborhoods.
With 86.1% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 99.6%
of U.S. neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Myrtle Beach City Center neighborhood, 42.2%
of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 36.5% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(12.2%), and 9.1% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the City Center neighborhood in Myrtle Beach, SC, residents
most commonly identify their ethnicity or ancestry as Mexican
(20.4%). There are also a number of people of Italian ancestry (8.1%) , and residents who report English roots (4.3%) , and some of the residents are also of Arab ancestry (3.4%) , along with some Brazilian ancestry residents (3.2%), among others. In addition, 29.0% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Myrtle Beach City Center
neighborhood is English, spoken by 67.2% of households. Other important languages spoken here include Spanish, Portuguese and Arabic.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Myrtle Beach City Center neighborhood spend
under 15 minutes commuting one-way to work (39.7% of working
residents), one of the shortest commutes across America. However, there is also a significant group of residents (9.2%) who
commute over an hour in each direction.
Here most residents (41.6%) carpool with coworkers, friends, or neighbors to get to work.
In addition, quite a number also drive alone in a private automobile to get to work (40.7%) and 8.3% of residents also hop out the door and walk to work for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood
share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.