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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.
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 ...
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).
North Myrtle Beach is a city in Horry County, South Carolina, United States. It was created in 1968 from four existing municipalities, and is located about 15 miles (24 km) northeast of Myrtle Beach. It serves as one of the primary tourist destinations along the Grand Strand. As of the 2020 census, the population was 18,790. [6]
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