Airbnb Market Analytics & Investment Insights
Annual Revenue
$22,515
Based on 14 full time Airbnb rentals
Average Daily Rate
$84
Gross Yield
As of October of 2024, Homes in 29588 ZIP Code have appreciated by 0.12%, with the median home value standing at $307,738, according to Zillow.
There are currently 14 active short-term rentals in 29588 ZIP Code. The average daily rate for these rentals is $84. This translates to an annual revenue of $22,515 for short-term rentals as of October of 2024.
29588 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$84
Occupancy Rate Trend
61%
Get matched with top Myrtle Beach, SC realtors who specialize in short-term rentals — they know which neighborhoods actually cash flow and which to avoid.
As of October of 2024, the average gross yield for short-term rentals in 29588 ZIP Code is 7.31%. However, potential investors should also consider the average property tax, which stands at 0.36% according to SmartAsset.
The median household income in 29588 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 29588 is 60.5%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in Myrtle Beach ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Amanda leads the market with 582 active listings and maintains an exceptional 4.96 average guest rating.
Distribution Team leads the market with 327 active listings and maintains an exceptional 4.38 average guest rating.
Elliott leads the market with 113 active listings and maintains an exceptional 4.81 average guest rating.
These top performers serve as benchmarks for what drives success in Myrtle Beach's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 29588 ZIP Code is 5.7%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in 29588 include a Ski-in/Ski-out, Kayak, and Bikes.
29588 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Charlotte, NC (4.29% of all guests), Raleigh, NC (1.70% of all guests), and Atlanta, GA (1.30% of all guests).
The top short-term rental hosts in 29588 ZIP Code include Amanda, Distribution Team and Elliott. These hosts have an average rating of 4.96, 4.38 and 4.81 respectively.
The most popular property types in 29588 ZIP Code are 2-bedroom units, with an average daily rate of $84 and an annual revenue of $35,131.
The average booking lead time for short-term rentals in 29588 ZIP Code is 46 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
7.31%
Occupancy Rate
61%