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Real Estate Prices & Overview

Cherry Grove Beach / City Center median real estate price is $418,596, which is more expensive than 80.6% of the neighborhoods in South Carolina and 62.0% of the neighborhoods in the U.S.

The average rental price in Cherry Grove Beach / City Center is currently $2,126, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.2% of the neighborhoods in South Carolina.

Cherry Grove Beach / City Center is a suburban neighborhood (based on population density) located in North Myrtle Beach, South Carolina.

Cherry Grove Beach / City Center 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 owner occupied. Many of the residences in the Cherry Grove Beach / City Center 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.

Vacant apartments or homes are a major fact of life in Cherry Grove Beach / City Center. The current real estate vacancy rate here is 67.6%. This is higher than the rate of vacancies in 99.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (44.8%). 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 North Myrtle Beach, the Cherry Grove Beach / City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Cherry Grove Beach / City Center neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Real Estate

Despite all of the residential real estate here in the Cherry Grove Beach / City Center 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 67.6%, which is higher than 99.6% of all U.S. neighborhoods.

Diversity

Did you know that the Cherry Grove Beach / City Center neighborhood has more Scots-Irish and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have Scots-Irish ancestry and 3.2% have Greek ancestry.

The Neighbors

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 Cherry Grove Beach / City Center neighborhood in North Myrtle Beach are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Cherry Grove Beach / City Center neighborhood, 41.1% of the working population is employed in executive, management, and professional 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 36.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.8%), and 7.3% in manufacturing and laborer 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 Cherry Grove Beach / City Center neighborhood is English, spoken by 92.5% of households. Other important languages spoken here include Italian and Spanish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Cherry Grove Beach / City Center neighborhood in North Myrtle Beach, SC, residents most commonly identify their ethnicity or ancestry as English (23.0%). There are also a number of people of Irish ancestry (13.9%), and residents who report German roots (13.9%), and some of the residents are also of Scots-Irish ancestry (7.5%), along with some Italian ancestry residents (7.2%), among others.

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 Cherry Grove Beach / City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (40.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.7%) 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.


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