Side-by-side comparison of Greenville, SC and Myrtle Beach, SC — cap rates, rent, prices, and investment metrics.
Cash flow: Greenville has the edge with an estimated cap rate of 4.43% compared to Myrtle Beach's 4.29%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $305,000 in Greenville vs $335,000 in Myrtle Beach, while rents come in at $1,550/mo and $1,680/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Myrtle Beach is growing faster at 3.8% annually vs Greenville's 1.6%. Myrtle Beach leads on home value appreciation at 3.8% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 0.55% in Greenville vs 0.58% in Myrtle Beach. Vacancy rates of 5.2% and 5.8% are both healthy, suggesting strong tenant demand in both markets.
Entry point: Greenville offers a lower entry at $305K vs Myrtle Beach's $335K — a difference of $30K. With a 20% down payment, that's $61K vs $67K. Greenville combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Greenville edges out Myrtle Beach on most key metrics. While cap rates are moderate at 4.43%, Greenville's overall profile is stronger. Use our free calculators to model specific deals in Greenville or Myrtle Beach.