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A September 2024 study by the South Carolina-based firm Muldrow & Associates, commissioned by the city, estimated that Myrtle Beach could lose $2.48 million in tax revenue for every 1,000 short ...
City of Myrtle Beach Director of Public Information Mark Kruea said that every 1,000 short-term rentals turned into long-term ones equals a loss of $5.7 million in direct economic impact.
The City of Myrtle Beach paused converting short-term rentals near the ocean for long-term use, and a new report claims doing so the city costs millions.
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Myrtle Beach is protected from erosion by vegetation-filled sand dunes. The summer season is long, hot, and humid in Myrtle Beach. Average daytime highs are from 83 to 91 °F (28 to 33 °C) and average night-time lows are near 70 °F (21 °C).
Murrells Inlet is located in northeastern Georgetown County at (33.551593, -79.048794 The northern edge of the CDP follows the Horry County line. U.S. Route 17 (Ocean Highway) runs through the center of the community, leading northeast 13 miles (21 km) to Myrtle Beach and southwest 21 miles (34 km) to Georgetown, the seat of Georgetown County.