Real Estate Prices and Overview
Pine Island median real estate prices are $290,327, which is more expensive than 94.3% of the neighborhoods
in South Carolina and 76.8% of the
neighborhoods in the U.S.
Average rental prices in Pine Island are currently
$780, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.5%
of the neighborhoods in South Carolina.
Pine Island is a suburban neighborhood (based on population
density) located in Myrtle Beach, South Carolina.
Pine Island real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Pine Island neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in
Pine Island. The current real estate vacancy rate here is 21.5%.
This is higher than the rate of vacancies in 87.0% 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
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Myrtle Beach,
the Pine Island neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Significantly, 4.1% of its residents five years old and above primarily
speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher
than 99.7% of the neighborhoods in America.
Notable & Unique: Occupations
There are more people living in the Pine Island neighborhood
employed as sales and service workers (54.7%) than almost any neighborhood
in the country. From fast-food service workers to major sales accounts,
sales and service workers make up the largest proportion of our national
employment picture. But despite that size and importance nationally, this
neighborhood still stands out as unique due to the dominance of people
living here who work in such occupations.
Notable & Unique: Modes of Transportation
In the Pine Island neighborhood, carpooling is still a popular
way to get to and from work. NeighborhoodScout's analysis reveals that
21.6% of commuters carpool here, which is more than in
95.5% of all U.S. neighborhoods.
Notable & Unique: People
A majority of the adults in the Pine Island neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for South Carolina by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 95.3%
of the neighborhoods in South Carolina.
Notable & Unique: Real Estate
In addition, homes built from 2000 through today make up a higher proportion of the Pine Island neighborhood's real estate landscape than 97.8% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 62.4% of the residential real estate here is classified as newer.
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 Pine Island neighborhood in Myrtle Beach are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 73.8% of the neighborhoods in America.
In addition, 13.5% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 54.5%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Pine Island neighborhood, 45.3%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 35.4% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(13.0%), and 6.3% in manufacturing and laborer 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 Pine Island neighborhood in Myrtle Beach, SC, residents
most commonly identify their ethnicity or ancestry as English
(11.0%). There are also a number of people of Italian ancestry (10.8%) , and residents who report German roots (8.6%) , and some of the residents are also of Irish ancestry (6.9%) , along with some Polish ancestry residents (3.5%), among others.
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 Pine Island
neighborhood is English, spoken by 89.1% of households. Other important languages spoken here include Mon-Khmer (the dominant language of Cambodia) and Spanish.
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 Pine Island neighborhood spend
between 15 and 30 minutes commuting one-way to work (58.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.9%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (21.6%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.