Pine Island median real estate price is $298,167, which is more expensive than 94.6% of the neighborhoods in South Carolina and 77.4% of the neighborhoods in the U.S.
The average rental price in Pine Island is currently $714, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.4% 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.