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Real Estate Prices & Overview

Pine Island median real estate price is $417,676, which is more expensive than 82.4% of the neighborhoods in South Carolina and 63.2% of the neighborhoods in the U.S.

The average rental price in Pine Island is currently $2,265, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.1% 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 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 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 44.6%. This is higher than the rate of vacancies in 98.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (31.1%). This can occur in 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. If you live here year round, 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.

Real Estate

Despite all of the residential real estate here in the Pine Island neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 44.6%, which is higher than 98.0% of all U.S. neighborhoods.

People

With more than 1.9% of residents living with a same sex partner, Pine Island is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 96.6% of U.S. neighborhoods.

In addition, if you're nearing retirement age, or in retirement, the Pine Island is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 9.0% of retiree-friendly neighborhoods in South Carolina, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in South Carolina.

Occupations

There are more people living in the Pine Island neighborhood employed as sales and service workers (59.1%) 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.

Diversity

Did you know that the Pine Island neighborhood has more Arab and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Arab ancestry and 5.9% have Scottish ancestry.

Pine Island is also pretty special linguistically. Significantly, 2.5% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 98.2% of the neighborhoods in America.

The Neighbors

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 Pine Island 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 69.7% of U.S. neighborhoods. With 10.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 50.7% of U.S. neighborhoods.

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 Pine Island neighborhood, 40.9% 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 39.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.6%), and 8.9% in clerical, assistant, and tech support occupations.

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 85.6% of households. Other important languages spoken here include Arabic, Spanish, Portuguese and African languages.

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 German (17.7%). There are also a number of people of Irish ancestry (12.2%), and residents who report Italian roots (12.0%), and some of the residents are also of English ancestry (10.6%), along with some Polish ancestry residents (7.9%), among others. In addition, 11.4% of the residents of this neighborhood were born in another country.

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 Pine Island neighborhood spend between 15 and 30 minutes commuting one-way to work (60.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (86.1%) 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 (9.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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