Last updated: October 2024
South Carolina, known for its beautiful beaches and historic cities, offers excellent opportunities for short-term rental investors. From vibrant coastal towns to charming inland cities, these markets provide strong investment potential.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Myrtle Beach, South Carolina
Myrtle Beach, South Carolina, known for its wide sandy beaches and vibrant entertainment options, is a popular destination for families and tourists seeking a lively beach town experience.
Myrtle Beach has seen a notable increase in home values by -0.30%, with the average price reaching $307,356. With an ADR of $222 and an occupancy rate of 52.84%, the annual revenue is $32,347 from 4.473 active rentals. The gross yield is 10.52%, and the cap rate is 6.31%.
To delve deeper into Myrtle Beach’s investment potential, check out Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
2. North Charleston, South Carolina
North Charleston, South Carolina, is a vibrant city located in the Charleston metropolitan area. It is known for its rich history, diverse culture, and economic growth.
North Charleston has seen a moderate increase in home values, with the average price now at $308.058. The market thrives with an ADR of $215 and an occupancy rate of 61.98%, translating to an annual revenue of $30,667 from 906 active rentals. The gross yield here is 9.95%, with a cap rate of 5.97%.
Discover more about investing in North Charleston through Chalet Intel.
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3. Charleston, South Carolina
Charleston, South Carolina, is a historic and picturesque city known for its well-preserved architecture, rich cultural heritage, and vibrant arts scene.
Charleston has seen a notable increase in home values, with the average price now at $564,285. The market shows promise with an ADR of $230 and an occupancy rate of 60.02%, generating annual revenues of $48,284 from 1,924 active rentals. The gross yield stands at 8.56%, with a cap rate of 5.13%.
For more insights into Charleston as a rental market, explore Chalet Intel.
4. Hilton Head Island, South Carolina
Hilton Head Island, South Carolina, is a beautiful barrier island located in the Lowcountry region, known for its stunning beaches, golf courses, and outdoor recreational opportunities.
Hilton Head Island has seen a stable increase in home values, with the average price now at $765,077. The market shows promise with an ADR of $452 and an occupancy rate of 52.71%, generating annual revenues of $29,068 from 3,697 active rentals. The gross yield stands at 3.80%, with a cap rate of 2.28%.
To delve deeper into Hilton Head Island’s investment potential, check out Chalet Intel.
