Introduction
Myrtle Beach, SC, is a premier tourist destination along the Grand Strand, known for its vibrant boardwalk, endless entertainment options, and stunning Atlantic coast beaches. As a top spot for vacationers year-round, it offers excellent opportunities for short-term rental investments. Here’s a detailed breakdown of the most promising zip codes in Myrtle Beach based on gross yield, annual revenue, and Zillow home values.
29577: Myrtle Beach Boardwalk & Downtown Core
- Gross Yield: 11%
- Annual Revenue: $28,935
- Zillow Home Value: $263.2K
Zip code 29577 is the heart of Myrtle Beach, covering the bustling boardwalk and downtown area. With a gross yield of 11% and an annual revenue of $28,935, this area offers consistent returns. It features over 5,000 full-time listings, a testament to its popularity among visitors. The relatively moderate Zillow home value of $263.2K makes it an attractive market for investors looking to capitalize on the steady flow of tourists flocking to the beach, attractions like SkyWheel Myrtle Beach, and the thriving restaurant scene.
29575: Surfside Beach & Family-Friendly Getaways
- Gross Yield: 10%
- Annual Revenue: $33,388
- Zillow Home Value: $333.5K
Known as the “Family Beach,” Surfside Beach falls within zip code 29575. It provides a gross yield of 10%, with impressive annual revenue of $33,388. The area is quieter and more family-oriented, making it appealing for vacationers seeking a relaxed atmosphere. The Zillow home value here stands at $333.5K, reflecting the demand for larger vacation homes and multi-generational accommodations. The balance of serene beaches and amenities makes Surfside Beach a sound investment choice.
29572: Arcadian Shores & Coastal Resorts
- Gross Yield: 10%
- Annual Revenue: $31,492
- Zillow Home Value: $318.8K
Zip code 29572 includes the northern part of Myrtle Beach, featuring the upscale Arcadian Shores and some of the region’s most luxurious oceanfront resorts. The area’s gross yield is 10%, with an annual revenue of $31,492. Investors will find higher-end properties in this part of town, with a Zillow home value of $318.8K. The region draws guests looking for resort amenities, golf courses, and proximity to attractions like Barefoot Landing. The area’s upscale appeal and year-round tourist activity make it a profitable investment market.
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29588: Socastee & Inland Opportunities
- Gross Yield: 7%
- Annual Revenue: $22,515
- Zillow Home Value: $307.8K
Socastee, covered by zip code 29588, provides an inland investment opportunity with a gross yield of 7% and an annual revenue of $22,515. While further from the beachfront, it offers a lower entry price, with Zillow home values around $307.8K. Socastee’s proximity to Myrtle Beach’s southern attractions, plus its expanding infrastructure and suburban feel, make it appealing to families and groups. The area is growing rapidly, and short-term rentals can thrive here, especially for guests preferring a quieter stay close to nature parks.
29579: Carolina Forest & Golf Community Appeal
- Gross Yield: 7%
- Annual Revenue: $23,739
- Zillow Home Value: $341.2K
Carolina Forest, located within zip code 29579, is a planned community with a strong appeal for golf enthusiasts and families. With a gross yield of 7% and annual revenue of $23,739, it is a stable market for rental investments. The higher Zillow home value of $341.2K reflects the area’s premium appeal. Carolina Forest boasts a mix of residential neighborhoods, golf courses, and easy access to the beach without being in the heart of the hustle and bustle. It’s a great choice for investors looking to cater to guests who want a balance of relaxation and convenience.
Conclusion
These top-performing zip codes in Myrtle Beach each offer unique advantages, from beachfront excitement to serene family-friendly neighborhoods. The diverse range of options allows investors to cater to different types of guests and maximize rental income throughout the year.
