North Myrtle Beach, South Carolina Short-Term Rental Market Overview

Population: 18,790
Annual Visitors: 17,200,000
Total STRs: 7,753
ADR: $280.42

Visitor Profile

North Myrtle Beach, South Carolina attracts a diverse array of visitors, primarily families and couples seeking sun, sand, and relaxing coastal experiences. Many come for the pristine beaches, vibrant local festivals, and renowned golf courses, making it ideal for both leisure and recreation. Budget-conscious travelers looking for affordable family vacations also find their fit here, drawn by the region’s warm climate and friendly Southern hospitality. Active and adventure-seeking visitors enjoy water sports, scenic boat tours, and scenic drives along the Grand Strand.

A key attraction that resonates deeply with these visitors is the Myrtle Beach State Park, offering opportunities for picnicking, camping, and exploring the coastal ecosystem. This landmark helps define North Myrtle Beach as a must-visit destination for those seeking authentic outdoor adventures, memorable family outings, and a taste of Southern coastal charm.

Top Attractions

North Myrtle Beach is renowned for its stunning beaches, vibrant nightlife, and unique cultural roots, such as being the birthplace of the Carolina Shag dance, which is celebrated along Ocean Drive with nightly beach music and dance. Visitors are drawn to its natural beauty and lively atmosphere, with attractions like Ripley’s Aquarium, WonderWorks, and the Hollywood Wax Museum offering family-friendly indoor entertainment. The area also boasts live music venues like the Alabama Theatre, which hosts big national acts and local talent, making it a hub for both relaxation and cultural experiences.
Beyond the entertainment, North Myrtle Beach offers a variety of outdoor activities such as fishing at Myrtle Beach State Park, exploring the boardwalk, or enjoying the outdoor concerts and festivals. The combination of outdoor adventures, charming small-town ambiance, and diverse attractions make it an ideal destination for travelers seeking both leisure and excitement. This blend of natural beauty, entertainment, and local culture ensures that visitors leave with unforgettable memories of their coastal getaway.

Regulations

North Myrtle Beach, South Carolina has established a regulatory framework governing short-term rentals (STRs) to ensure that these properties meet community standards and align with local zoning, safety, and tax requirements. Hosts should anticipate a formal permitting process, adherence to occupancy and safety rules, and compliance with tax remittance obligations. Navigating these regulations requires understanding the specific licensing, zoning, and operational rules aimed at maintaining neighborhood integrity while supporting a vibrant tourism economy.

Key Regulatory Considerations:

Licensing and Permits: Hosts in North Myrtle Beach must obtain a short-term rental permit from the city. This typically involves submitting an application, paying a fee, and possibly renewing the permit annually. The local planning or business licensing department usually handles this process.

Primary Residence and Rental Duration Limits: Regulations may specify if the rental property must be the host’s primary residence or if entire investment properties are eligible. Some jurisdictions impose limits on the number of rental days per year to restrict the impact on residential neighborhoods.

Zoning and Location Restrictions: STRs are often restricted to certain zoning districts within the city, with some areas designated as off-limits to rentals to preserve residential character.

Occupancy and Safety Requirements: The city will outline maximum occupancy numbers based on property size and require compliance with safety standards such as smoke detectors, carbon monoxide alarms, and fire extinguishers.

Taxation: Hosts are responsible for collecting and remitting applicable taxes, including transient occupancy tax and sales tax, to the city or state tax authorities.

Operational Rules and Enforcement: There are usually rules governing guest behavior, noise, parking, and advertising. Non-compliance can result in fines, permit suspension, or revocation.

Given the complexity and regular updates of STR regulations, hosts should always verify the latest rules directly with official city sources. For the most current and legally binding information, property owners should consult the City of North Myrtle Beach’s Official Short-Term Rental Ordinances and Licensing Information. This resource provides comprehensive guidance on application procedures, operational requirements, and contact points for local authorities.

By carefully following the city’s outlined regulations, hosts can ensure a compliant and successful short-term rental operation in North Myrtle Beach.

North Myrtle Beach, South Carolina Market Performance Trends

LTM Avg. Daily Rate$270.00
LTM Occupancy Rate60.0%
LTM Avg. Revenue$3,692

North Myrtle Beach, South Carolina Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:64.5% Booked
  • 4-6 Months:60.4% Booked
  • 7-9 Months:37.1% Booked
  • 10-12 Months:6.9% Booked

Cancellation Policies

  • Flexible:0%
  • Moderate:0%
  • Strict:0%
  • Super Strict:0%

Minimum Stay

  • 1 Day:0
  • 2 Days:0
  • 3 Days:0
  • 4-6 Days:0
  • 7-29 Days:0
  • 30+ Days:0

North Myrtle Beach, South Carolina Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

  • Overall Rating:4.56 / 5
  • Cleanliness:4.56 / 5
  • Location:4.86 / 5
  • Value:4.59 / 5
  • Accuracy:4.68 / 5
  • Check-in:4.76 / 5
  • Communication:4.74 / 5

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