Cherry Grove Beach / Ocean Drive Beach median real estate price is $323,921, which is more expensive than 92.4% of the neighborhoods in South Carolina and 74.6% of the neighborhoods in the U.S.
The average rental price in Cherry Grove Beach / Ocean Drive Beach is currently $1,002, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.4% of the neighborhoods in South Carolina.
Cherry Grove Beach / Ocean Drive Beach is a suburban neighborhood (based on population density) located in North Myrtle Beach, South Carolina.
Cherry Grove Beach / Ocean Drive Beach 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 / Ocean Drive Beach 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 / Ocean Drive Beach. The current real estate vacancy rate here is 71.3%. This is higher than the rate of vacancies in 99.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (43.0%). 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.