Myrtle Beach-Conway, SC-NC

There are many reasons to believe that the Myrtle Beach-Conway, SC-NC combined statistical area (CSA) is a great place to invest in real estate. The area has a strong economy, a growing population, and a large number of second homes and vacation rentals. In addition, the CSA is located in an area with a relatively low cost of living and a high quality of life.

The CSA's economy is driven by tourism, healthcare, and retirement. Tourism is the largest industry in the CSA, accounting for over $8 billion in economic activity each year. The CSA's beaches are among the most popular in the country, drawing millions of visitors from around the world. Healthcare is also a major driver of the CSA's economy, with several large hospitals and medical centers located in the area. The CSA's retirement community is also growing rapidly, as retirees are drawn to the area's mild climate and low cost of living.

The population of the CSA is also growing rapidly. The CSA had a population of over 2 million as of 2019, an increase of nearly 10% since 2010. This growth is being driven by both natural population growth and net migration into the CSA. The CSA has been attracting new residents from around the country for years, as people are drawn to its affordable housing, beautiful beaches, and high quality of life.

The large number of second homes and vacation rentals in the CSA is another reason why it is such a great place to invest in real estate. Second homes typically appreciate at a faster rate than primary residences, as they are often used as investment properties or for vacation rental income. The Myrtle Beach-Conway area has become increasingly popular as a vacation destination in recent years due to its affordable accommodations and close proximity to attractions like Broadway at the Beach and Barefoot Landing. As more people visit Myrtle Beach-Conway each year, demand for vacation rentals will continue to increase, driving up prices for investors who own rental properties in the area.