MYRTLE BEACH
CONDO INVESTING
Last updated October 2026
THE SHORT ANSWER
A Myrtle Beach condo can be a good investment, but only if the numbers work for the exact building. In September 2026, the Myrtle Beach area condo median was $219,500, down 8.2% from a year earlier, with about 8 months of supply. That gives buyers room to negotiate. The risks are rising HOA dues and insurance, special assessments, the 6% property tax rate on rentals and second homes, and buildings that do not qualify for regular loans.
Why Are Condos So Cheap in Myrtle Beach?
- Lots of supply. About 8 months of condos for sale in September 2026, which is a buyer's market.
- Older buildings. Many oceanfront buildings are decades old and need ongoing repairs.
- Insurance and HOA costs. Coastal master insurance has climbed in recent years, and dues have followed.
- Financing limits. Many condo-hotel buildings with front desks, daily housekeeping or rental pools do not qualify for standard mortgages. That leaves fewer buyers, mostly cash and portfolio loan buyers.
- Small units. Many units are studios and 1-bedrooms, which pulls the median down.
What Are the Costs of Owning a Myrtle Beach Condo?
| Cost | What to know |
| HOA dues | Often cover building insurance, water, cable, internet and amenities. Compare what each building includes. |
| Property tax | Second homes and rentals are taxed on 6% of value. A full-time main home can qualify for 4%. |
| Your own insurance | A condo policy for the inside of your unit, your belongings and liability |
| Special assessments | One-time charges for big repairs. Ask about planned work and reserves. |
| Rental taxes and licenses | Short-term rentals pay SC sales and accommodations taxes, plus local fees, and need a business license. |
| Management | On-site rental programs and property managers take a cut of rental income. |
Can You Rent Out a Myrtle Beach Condo?
In many oceanfront buildings, yes. Rentals under 90 days are only allowed in zones that permit visitor rentals, so check the zoning and the HOA rules for the exact building. You will need a business license from the City of Myrtle Beach or Horry County, depending on location, and you must collect sales and accommodations taxes. If a rental company or booking platform collects for you, they usually send the taxes in.
TAKE THE NEXT STEP
Want to see the real numbers?
I can pull sales history, HOA budgets and actual rental statements for any building you are considering, so you can compare before you make an offer.
How Do You Know If a Condo Is a Good Deal?
- Get 2 years of real rental statements, not projections.
- Subtract every cost: HOA, taxes, insurance, utilities not covered, management, cleaning, repairs and a vacancy cushion.
- Read the HOA budget, reserve study and meeting minutes. Look for upcoming big projects.
- Ask a local lender whether the building qualifies for a standard loan. That affects your resale, too.
- Compare recent sales in the same building, by view and floor.
Frequently Asked Questions
Is buying a condo in Myrtle Beach a good investment?
It can be when rental income covers all costs with a cushion. With prices down and supply high in 2026, buyers have leverage, but HOA dues, insurance and assessments decide whether a unit makes money.
What is the average price of a condo in Myrtle Beach?
The Myrtle Beach area condo median was $219,500 in September 2026, down 8.2% from a year earlier. Oceanfront units in newer buildings sell for much more.
Why are condos so cheap in Myrtle Beach?
High supply, older buildings, rising insurance and HOA costs, and many condo-hotel buildings that do not qualify for standard loans.
What is the downside of buying a condo?
You share costs and decisions with other owners. Dues can rise, special assessments can hit, and rules can limit rentals, pets or changes to your unit.
Is it a good time to buy a condo in Myrtle Beach?
For buyers, 2026 conditions are favorable, with about 8 months of supply and longer days on market. The right building matters more than the timing.
LET'S TALK
Talk with Danielle about condo investing
I help investors buy on the Grand Strand. I do not manage rentals, so my advice is about the numbers, not about selling you a rental program.
Related Reading
Condos for Sale in 29572, North Myrtle Beach Area
Myrtle Beach SC Homes and Area Guide
North Myrtle Beach Homes and Area Guide
This post is general information, not financial, tax or legal advice. Market data: Century 21 Harrelson Group report, September 2026. Confirm rental rules and taxes with the City of Myrtle Beach, Horry County and SCDOR.
DANIELLE KING, REALTOR®
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