Introduction
Surfside Beach, South Carolina, is a charming coastal town known for its beautiful beaches, warm climate, and vibrant tourist scene. If you’re considering entering the short-term rental market in this area, whether through Airbnb or other platforms, you’ve come to the right place. In this comprehensive guide, we’ll delve into the current state of the short-term rental market in Surfside Beach, SC, and provide you with valuable insights to help you make informed decisions.
Surfside Beach Real Estate Overview
Before diving into the world of short-term rentals, it’s essential to understand the local real estate landscape. According to Zillow, the median home value in Surfside Beach is $322,975. Additionally, Zillow reports that homes in the area depreciated by 1.90% recently. These statistics are essential for prospective investors to gauge the market’s health and potential for investment.
Short-Term Rental Market Data
To truly grasp the opportunities in the short-term rental market in Surfside Beach, we turn to Chalet, a trusted source for vacation rental data. As of now, there are 12,957 active short-term rentals in Surfside Beach, highlighting the popularity of the area among travelers.
The average daily rate for these short-term rentals is $244, showcasing the potential for generating revenue through this type of investment. Additionally, the occupancy rate stands at 56%, indicating that there is consistent demand for short-term rentals in the area.
Annual revenue for short-term rentals in Surfside Beach averages around $40,800, and the average gross yield for property investors is a promising 12.63%. These figures demonstrate the financial viability of entering the short-term rental market in this coastal town.
