Quote · BiggerPockets Real Estate Podcast
Where We'd Invest in Real Estate Right Now (12 Markets)
Where this was said
Short-Term Rental Pick #1: Myrtle Beach, South Carolina (Henry Washington)
At 20:20 · chapter starts 17:40
Henry Washington opens the short-term rental round by laying out his criteria: markets with above-average population growth, stable job growth, insurance costs near the national average, and — crucially — economies already built around vacation rentals. He wants markets where STRs are the norm, not a new concept that regulators might crack down on. Myrtle Beach, South Carolina checks every box. [1] — Henry Washington "Myrtle Beach pulls 18 million visitors a year, and investing in North Myrtle Beach's Cherry Grove area — outside the regulated city core — …" 17:40 With 18 million annual visitors, 60 miles of coastline, and 78 golf courses, it's one of the country's most established tourist economies. The incorporated city of Myrtle Beach has some STR restrictions, but North Myrtle Beach's Cherry Grove area is investor-friendly and producing approximately $54,000 in annual revenue per property. High season runs June through August at 70–80% occupancy and $260–$300 per night; even the off-season winter months hold around $223 nightly. The math demands a careful eye on the mortgage payment during the slow months, but the overall numbers are strong.
Myrtle Beach pulls 18 million visitors a year, and investing in North Myrtle Beach's Cherry Grove area — outside the regulated city core — lets investors capture $54,000/year in STR revenue. High season hits 70–80% occupancy at $260–$300/night.
Myrtle Beach draws 18 million annual visitors and has 60 miles of coastline and 78 golf courses, making it a proven STR economy.
Top Airbnbs in North Myrtle Beach's Cherry Grove area are generating around $54,000 per year in annual revenue.
Myrtle Beach STRs average 70–80% occupancy during high season (June–August) at $260–$300 per night.
Blue Ridge, Georgia sits between Atlanta and Nashville, drawing visitors from Asheville and Charlotte — without the Smoky Mountains' supply glut that's crushing STR returns nearby. Average daily rates top $350 and the best properties clear $100,000 in annual revenue.
