Homes for Sale Under 150K in Myrtle Beach, SC

The median is around $349,900, but it varies widely by property type. Single-family homes generally run $328,000 to $385,000, while condos and townhomes, common near the oceanfront, are more affordable at roughly $228,000 to $240,000.

It depends on your timeline. Monthly mortgage payments between $1,650 and $2,000, including taxes and insurance, closely track median rent at $1,750. Buying typically pays off if you stay at least five years, while renting offers more flexibility.

Carolina Forest is widely considered the safest, family-friendly master-planned community in the area. Neighborhoods like The Market Common and nearby Murrells Inlet also consistently rank high for low crime rates and quiet living.

South Carolina assesses primary residences at a 4% ratio and exempts them from school operating taxes. Second homes and investment properties are assessed at 6% and pay full local school taxes, frequently doubling or tripling the annual tax bill on the exact same property.

Yes, there's no citizenship or residency requirement to buy property in South Carolina, and Myrtle Beach's vacation rental market attracts many out-of-state and international investors. Budget for the higher non-owner-occupied tax rate if you're not planning to live there full-time.

Yes, but only if the zoning allows it, and that is where many buyers run into trouble. Most standard residential districts don't permit short-term rentals, while oceanfront resort and visitor-accommodation zones generally do. So, always verify both the city zoning classification and the condo association’s bylaws before purchasing.

Yes, Myrtle Beach requires operators to keep a guest register with each guest's name, address, and stay dates, and to verify ID at check-in. Renting to an adult without collecting that identification is treated as a misdemeanor under city code.

Roughly $57,000 to $100,000 a year. Your exact threshold depends on your down payment, interest rate, and whether you buy an oceanfront condo with substantial HOA and insurance fees or an inland home with lower monthly carrying costs.

Yes. Oceanfront and low-lying coastal homes frequently sit in FEMA high-risk zones, requiring expensive, mandatory flood insurance for financed purchases. Properties just a few blocks inland, or on higher ground in Carolina Forest, often sit in low-risk Zone X.