Airbnb City Guide: The Best Places To Invest in North Myrtle Beach, South Carolina

Airbnb Rules and Regulations in North Myrtle Beach, South Carolina

As of 2024, the City of North Myrtle Beach has implemented a comprehensive set of regulations for short-term rentals, including those listed on Airbnb. Property owners must obtain a valid Rental Business License and a Short-Term Rental Permit from the city before advertising or operating a rental unit. The permit application requires proof of liability insurance, a fire safety inspection, and adherence to occupancy limits based on the number of bedrooms. Rentals are subject to a 5% Accommodations Tax, collected by the host and remitted to the city monthly.

Quiet hours are enforced from 11:00 PM to 7:00 AM, and all parking must be accommodated on-site or in designated areas. Violations of these regulations may result in fines, permit revocation, and removal from all short-term rental platforms. By complying with these rules, hosts can ensure a safe and enjoyable experience for their guests while contributing to the responsible growth of the short-term rental market in North Myrtle Beach.

North Myrtle Beach Airbnb Market Data:

• Average Revenue – $127.4K per year
• Average Daily Rate – $591.7 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $351.7
• Average Home Prices – $395,036

1. Top Place to Invest in North Myrtle Beach, South Carolina - Cherry Grove Beach

Nestled at the northernmost end of North Myrtle Beach, Cherry Grove Beach offers a charming blend of relaxation and adventure. With its wide sandy beaches, historic fishing pier, and laid-back atmosphere, this hidden gem has become an increasingly attractive destination for Airbnb investors seeking a profitable venture in a picturesque coastal setting, perfect for Instagrammable rental moments.

Cherry Grove Beach Airbnb Market Data:

• Average Revenue – $127.4K per year
• Average Daily Rate – $591.7 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $351.7

Convenience - 7/10

While Cherry Grove Beach's secluded location adds to its allure, it may present some challenges in terms of convenience. The area has a limited selection of dining and shopping options, requiring visitors to venture to nearby towns for more extensive amenities. However, the neighborhood does offer a few local restaurants, a grocery store, and beach supply shops to cater to guests' basic needs.

Tourist Attractions - 8/10

Cherry Grove Beach's main draw is its pristine shoreline and the iconic Cherry Grove Pier, perfect for fishing, sightseeing, and soaking up the coastal ambiance. Visitors can also explore the Heritage Shores Nature Preserve, a beautiful lowcountry haven just a short drive away. For a taste of local history, the Boulineau's store, a Cherry Grove staple since 1948, offers a unique shopping experience.

Things to Do - 8/10

From beachcombing and sunbathing to fishing and water sports, Cherry Grove Beach offers a variety of activities for visitors. The Cherry Grove Pier is a hotspot for anglers, while the calm waters are ideal for kayaking and paddleboarding. Nature enthusiasts can explore the nearby salt marshes or ride a scenic bike through the quiet streets.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Cherry Grove Beach is approximately $425,000, representing a modest 3.2% appreciation from the previous year. While prices are slightly higher compared to some areas of North Myrtle Beach, the strong demand for vacation rentals and the potential for high occupancy rates make Cherry Grove Beach an attractive investment prospect for people looking for properties to list on Airbnb.

Proximity to Work-Related Travel - 5/10

Cherry Grove Beach's remote location may not be the most convenient for guests traveling for work-related purposes. The nearest major hospital, Grand Strand Medical Center, is about a 30-minute drive away. Convention centers and sports venues are located even further away, requiring a significant commute.

X-Factor - 9/10

Its unique blend of tranquility and coastal charm sets Cherry Grove Beach apart. The area's laid-back atmosphere and stunning natural beauty create an idyllic escape for travelers seeking relaxation and authenticity. The tight-knit community, rich history, and proximity to other coastal attractions make Cherry Grove Beach a hidden gem that's poised for growth in the Airbnb market.

2. Top Place to Invest in North Myrtle Beach, South Carolina - Crescent Beach

Crescent Beach, a hidden gem tucked away in the heart of North Myrtle Beach, has emerged as a prime location for investors seeking to start an Airbnb business in a serene coastal setting. With its pristine beaches, family-friendly atmosphere, and growing popularity among travelers, Crescent Beach offers a unique opportunity for short-term rental success.

Crescent Beach Airbnb Market Data:

• Average Revenue – $127.4K per year
• Average Daily Rate – $591.7 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $351.7

Convenience - 8/10

One of Crescent Beach's strongest suits is its convenience. The area is located just a short drive from the bustling heart of North Myrtle Beach, providing easy access to a wide array of dining, shopping, and entertainment options. Guests can enjoy the tranquility of Crescent Beach while still being close to all the amenities the Grand Strand has to offer.

Tourist Attractions - 7/10

While Crescent Beach itself may not boast major tourist attractions, its proximity to nearby destinations is a significant draw. The iconic Barefoot Landing, with its unique shops, restaurants, and live entertainment, is just a 10-minute drive away. Visitors can also explore the Alabama Theatre, which hosts popular shows and concerts throughout the year.

Things to Do - 8/10

Crescent Beach offers a variety of activities for visitors to enjoy. The wide, sandy beaches are perfect for sunbathing, swimming, and beachcombing. Fishing enthusiasts can cast a line from the shore or embark on a deep-sea fishing charter. The area also features several golf courses, mini-golf attractions, and water sports rentals for those seeking more adventure.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Crescent Beach is $375,000, representing a 3.5% appreciation from the previous year. While prices are slightly higher compared to some areas of North Myrtle Beach, the strong demand for vacation rentals and the potential for high occupancy rates make Crescent Beach an attractive investment prospect.

Proximity to Work-Related Travel - 6/10

Crescent Beach's location offers a mixed bag when it comes to work-related travel. The neighborhood is approximately a 20-minute drive from the Grand Strand Medical Center, which may be convenient for guests visiting for medical purposes. However, convention centers and sports venues are located further away, requiring a longer commute.

X-Factor - 8/10

What sets Crescent Beach apart is its family-friendly atmosphere and laid-back coastal vibe. The area's wide, uncrowded beaches and quiet residential streets create a welcoming environment for guests seeking a relaxing getaway. With its proximity to top attractions and growing popularity among travelers, Crescent Beach offers a promising opportunity for Airbnb investors looking to capitalize on the Grand Strand's thriving tourism market.

3. Top Place to Invest in North Myrtle Beach, South Carolina - Atlantic Beach

Atlantic Beach, a historic coastal community nestled between North Myrtle Beach and Myrtle Beach, has emerged as a promising investment opportunity for Airbnb entrepreneurs. With its rich cultural heritage, stunning beaches, and prime location along the Grand Strand, Atlantic Beach offers a unique and potentially rewarding experience for launching short-term rental businesses.

Atlantic Beach Airbnb Market Data:

• Average Revenue – $127.4K per year
• Average Daily Rate – $591.7 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $351.7

Convenience - 7/10

Atlantic Beach's location provides a balance of convenience and seclusion. While the community itself has limited dining and shopping options, it is just a short drive from the abundant amenities of North Myrtle Beach and Myrtle Beach. Guests can enjoy the quiet charm of Atlantic Beach while still having easy access to the area's top attractions and services.

Tourist Attractions - 6/10

Atlantic Beach's main attraction is its beautiful, uncrowded beaches. Visitors can soak up the sun, swim in the crystal-clear waters, or take a leisurely stroll along the shore. The town's annual Atlantic Beach Bikefest, a celebration of African-American motorcycle culture, draws thousands of visitors each May. However, beyond the beaches and this event, Atlantic Beach has limited tourist attractions compared to its neighboring cities.

Things to Do - 7/10

In addition to beach activities, Atlantic Beach offers a few unique experiences for visitors. The Atlantic Beach Bikefest, as mentioned earlier, is a major draw for motorcycle enthusiasts. Visitors can also explore the town's African-American heritage at the Atlantic Beach Historical Society Museum or enjoy live music at local venues. For more diverse activities, guests can easily venture to the nearby attractions of North Myrtle Beach and Myrtle Beach.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home price in Atlantic Beach is $325,000, representing a 4.2% appreciation from the previous year. This relatively affordable price point, combined with the growing demand for vacation rentals in the area, makes Atlantic Beach an attractive investment prospect for short-term rental entrepreneurs looking to enter the market.

Proximity to Work-Related Travel - 6/10

Atlantic Beach's location is somewhat convenient for guests traveling for work-related purposes. The Grand Strand Medical Center is approximately a 25-minute drive away, which may be suitable for guests visiting for medical reasons. However, convention centers and sports venues are located further away in Myrtle Beach, requiring a longer commute.

X-Factor - 8/10

Its rich cultural heritage and laid-back, family-friendly atmosphere set Atlantic Beach apart. As a historically African-American beach community, Atlantic Beach offers a unique perspective and a sense of pride that permeates the town. The close-knit community, with its beautiful beaches and proximity to the Grand Strand's attractions, creates a unique experience for guests seeking an authentic coastal getaway.

4. Top Place to Invest in North Myrtle Beach, South Carolina - Downtown

Downtown North Myrtle Beach, the vibrant heart of this coastal city, has emerged as a top contender for Airbnb investors seeking a dynamic and profitable market. With its unique blend of entertainment, dining, and proximity to the beach, Downtown North Myrtle Beach offers a compelling investment opportunity for short-term rental success.

Downtown Airbnb Market Data:

• Average Revenue – $127.4K per year
• Average Daily Rate – $591.7 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $351.7

Convenience - 9/10

One of Downtown North Myrtle Beach's greatest strengths is its unparalleled convenience. The area is a walkable haven, with numerous restaurants, shops, and attractions just steps away from potential Airbnb properties. Guests can easily explore the city's offerings without the need for a car, making it an attractive choice for travelers seeking a centrally located base.

Tourist Attractions - 8/10

Downtown North Myrtle Beach boasts a variety of tourist attractions. The Main Street area is home to several popular destinations, including the OD Pavilion Amusement Park, which offers thrilling rides and family-friendly entertainment. The nearby Alabama Theatre hosts renowned live shows, while the House of Blues showcases top musical acts throughout the year.

Things to Do - 9/10

From beachside activities to nightlife, Downtown North Myrtle Beach offers a wealth of options for visitors. The area's pristine beaches are perfect for sunbathing, swimming, and water sports. Guests can also explore the numerous dining and shopping options along Main Street, or take a short drive to the famous Barefoot Landing for additional entertainment and retail therapy.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Downtown North Myrtle Beach is $450,000, reflecting a 3.5% appreciation from the previous year. While prices are higher compared to some areas of the city, the prime location and strong demand for vacation rentals justify the investment for Airbnb entrepreneurs seeking to maximize their returns.

Proximity to Work-Related Travel - 7/10

Downtown North Myrtle Beach's location is relatively convenient for work-related travel. The Grand Strand Medical Center is approximately a 20-minute drive away, making it suitable for guests visiting for medical purposes. The Myrtle Beach Convention Center is also within a reasonable 25-minute drive, attracting business travelers and conference attendees.

X-Factor - 9/10

What sets Downtown North Myrtle Beach apart is its unbeatable combination of coastal charm and urban amenities. Guests can immerse themselves in the city's lively atmosphere, and foodies can indulge in local cuisine and enjoy top-notch entertainment while just minutes away from the beautiful beaches. This perfect blend of experiences creates a compelling draw for a wide range of travelers, making Downtown North Myrtle Beach a prime location for Airbnb investment.