Last updated: September 2024
South Carolina, with its enchanting blend of historical charm and natural beauty, presents a captivating scene for mid-term rental investors. This Southern jewel, from the cobblestone streets of Charleston to the sun-drenched beaches of Myrtle Beach, the lush upstate mountains, and the serene beauty of Hilton Head Island, attracts a wide array of visitors year-round. South Carolina’s rich cultural heritage, combined with its diverse landscapes, makes it an ideal location for those looking to invest in the mid-term rental market.
The Palmetto State is not just a haven for beachgoers and history buffs; it’s also a golfer’s paradise, a haven for foodies, and a sanctuary for those seeking relaxation and natural beauty. This variety offers mid-term rental investors a plethora of opportunities to cater to different visitor preferences, from luxurious oceanfront villas to quaint historic cottages and cozy mountain cabins.
In this guide, we’ll explore the flourishing mid-term rental market in South Carolina, highlighting the state’s prime locations for investors. We’ll delve into the factors that make each area unique, including visitor demographics, seasonal trends, and the legal landscape for mid-term rentals. Whether you’re drawn to the vibrant city life of Charleston, the leisurely pace of the Lowcountry, or the adventure-filled Upstate, South Carolina offers a wealth of opportunities for investors looking to enter the mid-term rental space. Let’s discover the charm and potential of investing in South Carolina’s diverse and welcoming communities.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.
1. North Charleston, South Carolina
North Charleston, SC, known for its rich history and vibrant cultural scene, is a prime location for mid-term rentals.
North Charleston has seen a notable increase in home values by 7.50%, with the average price now at $296,809. The market shows promise with a median annual revenue of $26,400 and a monthly rate of $2,400. With 1,119 full-time listings and a property tax rate of 0.45%, the gross yield stands at 8.89%.
To delve deeper into North Charleston’s investment potential, check out Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
2. Myrtle Beach, South Carolina
Myrtle Beach, SC, 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 moderate increase in home values by 1.40%, with the average price now at $301,182. The market thrives with a median annual revenue of $20,636 and a monthly rate of $1,876. With 598 full-time listings and a property tax rate of 0.36%, the gross yield here is 6.85%.
Discover more about investing in Myrtle Beach through Chalet Intel.
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3. Charleston, South Carolina
Charleston, SC, known for its rich history, well-preserved architecture, and vibrant culinary scene, is a top coastal destination in the southern United States.
Charleston has seen a notable increase in home values by 9.10%, with the average price now at $541,040. The market shows promise with a median annual revenue of $26,400 and a monthly rate of $2,400. With 1,217 full-time listings and a property tax rate of 0.45%, the gross yield stands at 4.88%.
To delve deeper into Charleston’s investment potential, check out Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
4. Hilton Head Island, South Carolina
Hilton Head Island, SC, known for its golf courses, upscale resorts, and beautiful beaches, attracts a high-end clientele seeking luxury and relaxation.
Hilton Head Island has seen a moderate increase in home values by 6.20%, with the average price now at $753,662. The market shows promise with a median annual revenue of $25,300 and a monthly rate of $2,300. With 856 full-time listings and a property tax rate of 0.52%, the gross yield stands at 3.36%.
For more insights into Hilton Head Island as a rental market, explore Chalet Intel.
Each of these markets in South Carolina offers unique opportunities for mid-term rental investors, combining strong financial metrics with attractive tourist destinations. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
