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Housing market/South Carolina/ZIP 29588

ACS 2023 · FY2027 SAFMR

ZIP 29588 Myrtle Beach, South Carolina

Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area · South Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
53,114
Households
19,769
Median HH income
$66,854
Renter share
22.8%
Median gross rent
$1,220
Vacancy
11.0%
Pop. change
+17.0%
2BR SAFMR
$1,540
SAFMR / rent
1.262×
2–49 unit stock
3,815
LIHTC proj / units
1 / 110
HUD assisted MF
1 / 110

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 29588 · SC — sent to you.

ZIP 29588 · SC

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ACS rent vs 2BR SAFMR

ZIP 29588 — Myrtle Beach, SC HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,220
2BR SAFMR$1,540
90% floor$1,386
110% ceiling$1,694

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 29588

  • 1-unit detached14,69766.1%
  • 1-unit attached1,0254.6%
  • 2–4 units6863.1%
  • 5–49 units3,12914.1%
  • 50+ units930.4%
  • Mobile2,59311.7%
TypeUnitsShare
1-unit detached14,69766.1%
1-unit attached1,0254.6%
2 units (duplex)1090.5%
3–4 units5772.6%
5–9 units1,1715.3%
10–19 units1,2475.6%
20–49 units7113.2%
50+ units930.4%
Mobile2,59311.7%

2–4 unit share 3.1% · 5–49 unit share 14.1% · combined 2–49 17.2%.

Units by bedrooms

Studio
270
1BR
1,230
2BR
3,756
3BR
12,319
4BR
3,869
5+
779

Rent burden

Rent ≥30% of income42.1%
Rent ≥50% of income15.4%
  • ACS median gross rent $1,220 (all bedrooms, occupied rentals).
  • Median contract rent $1,073.
  • Renters paying ≥30% of income 42.1%; ≥50% 15.4%.
  • FY2027 2BR SAFMR $1,540 (1.262× ACS median gross rent).

Population

53,114 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +17.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 110 units.
  • HUD project-based assisted MF: 1 properties, 110 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 77 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 29588 22.8% of occupied households are renters; vacancy is 11.0%; ACS median gross rent is $1,220; population increased +17.0% between the 2018 and 2023 ACS vintages; the housing stock includes 686 units in 2–4-unit structures and 3,129 units in 5–49-unit structures; 1 LIHTC projects totaling 110 units; FY2027 2BR SAFMR is $1,540 versus ACS median gross rent of $1,220. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

South Carolina research

ZIP 29588 is a Census / HUD profile for Myrtle Beach-North Myrtle Beach-Conway, SC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 29588 — Myrtle Beach, SC HUD Section 8 Payment Standards / SAFMR·South Carolina ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
29511Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area13.9%$1,014$1,32029526Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area23.4%$943$1,32029527Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area25.7%$962$1,32029528Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area——$1,50029544Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area21.0%$926$1,32029545Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area51.0%$737$1,32029566Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area20.0%$1,488$1,73029568Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area14.4%$1,241$1,87029569Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area31.4%$776$1,32029572Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area21.2%$1,148$1,50029575Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area20.5%$1,234$1,59029577Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area40.7%$1,130$1,420

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is South Carolina research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 29588?

ZIP 29588 (Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area) has 53,114 residents, 19,769 households, a renter share of 22.8%, median household income of $66,854, and ACS 2023 median gross rent of $1,220. Vacancy is 11.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 29588?

ACS counts 109 units in 2-unit buildings, 577 in 3–4 unit buildings, 1,171 in 5–9, 1,247 in 10–19, and 711 in 20–49. Combined 2–49 unit stock is 3,815 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 29588?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,540. See the full schedule and 90–110% payment-standard band on the ZIP 29588 — Myrtle Beach, SC HUD Section 8 Payment Standards / SAFMR.

Does this South Carolina ZIP profile include Georgia listings?

No. ZIP 29588 is Census / HUD research for Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area. Jeff Crowe CRE does not list South Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.