Real Estate Prices and Overview
Socastee median real estate prices are $111,022, which is more expensive than 50.8% of the neighborhoods
in South Carolina and 29.4% of the
neighborhoods in the U.S.
Average rental prices in Socastee are currently
$787, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.6%
of the neighborhoods in South Carolina.
Socastee is a suburban neighborhood (based on population
density) located in Myrtle Beach, South Carolina.
Socastee real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Socastee neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Socastee has a 17.2% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
79.4% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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: Diversity
Did you know that the Socastee neighborhood has more
Portuguese ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.6% of
this neighborhood's residents have Portuguese ancestry.
Socastee is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily
speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher
than 96.3% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Socastee stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.5% of the residential real estate here was built in this one time period.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Socastee neighborhood in Myrtle Beach are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 78.8% of U.S. neighborhoods.
In addition, 7.6% 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 68.7%
of America'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 Socastee neighborhood, 30.5%
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 29.6% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(23.8%), and 16.1% 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 Socastee neighborhood in Myrtle Beach, SC, residents
most commonly identify their ethnicity or ancestry as English
(13.5%). There are also a number of people of Irish ancestry (8.5%) , and residents who report German roots (8.1%) , and some of the residents are also of Italian ancestry (7.0%) , along with some Mexican ancestry residents (4.7%), among others.
The Neighbors: Languages
The most common language spoken in the Socastee
neighborhood is English, spoken by 92.5% of households. Some people also speak Tagalog (the first language of the Philippine region) (3.3%).
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Socastee neighborhood spend
between 15 and 30 minutes commuting one-way to work (60.5% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (92.0%) drive alone in a private automobile to get to work.
In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.