Recently, the website TripAdvisor ranked Myrtle Beach as the number 2 top destination with earning potential for homeowners. This earning potential comes from renting out the home to vacationers when the homeowner isn't using it (i.e. vacation rental). According to the ranking, the average weekly earnings potential for Myrtle Beach homeowners ranges from $661 per week for one bedroom to $1,264 per week for four bedrooms.
Considering Myrtle Beach's growing reputation as one of the top vacation destinations in the world, the demand for vacation rentals is expected to continue to grow. According to the TripAdvisor data, Myrtle Beach has a 45 times greater traveler interest level than the United States average. This means lots of opportunity for local homeowners to make extra money in the vacation rental market. Visitors are increasingly looking for more home-like accommodations close to the beach or various area attractions.
If you've been considering relocating or purchasing a vacation/investment home, there is certainly big earning potential for homeowners in Myrtle Beach. Sixty miles of stunning beaches and great earning potential on your home when you aren't using it? What could be better! Contact a Century 21 Broadhurst agent today to start your new home search!