Socastee, SC housing market
Homes typically sell in 81 days, below asking.
Home values, sales, trends and how Socastee compares with the towns next door — updated as new data is published.
Socastee at a glance
A balanced market
About 4.5 months of supply: neither buyers nor sellers have a clear edge.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around Socastee rose 48% over the past 5 years, slower than across South Carolina (60%). Last year prices rose 4.3%. Carrying the Census median home value forward with that index puts the typical Socastee home at roughly $382,000 today.
Show as a table
| Year | Change that year | Since 2000 | South Carolina since 2000 |
|---|---|---|---|
| 2025 | +4.3% | +141% | +164% |
| 2024 | −2% | +131% | +155% |
| 2023 | +8.8% | +136% | +142% |
| 2022 | +21% | +117% | +120% |
| 2021 | +9.5% | +79% | +84% |
| 2020 | +5.1% | +64% | +65% |
| 2019 | +5.3% | +56% | +59% |
| 2018 | +8.6% | +48% | +51% |
| 2017 | +2.3% | +36% | +43% |
| 2016 | +7.1% | +33% | +35% |
| 2015 | +6.2% | +24% | +29% |
| 2014 | +6.4% | +17% | +24% |
| 2013 | −0.9% | +10% | +20% |
| 2012 | −4.1% | +11% | +20% |
| 2011 | −12% | +16% | +22% |
| 2010 | −7.6% | +31% | +27% |
| 2009 | −12% | +42% | +35% |
| 2008 | −3.2% | +61% | +39% |
| 2007 | +4.4% | +66% | +38% |
| 2006 | +21% | +59% | +33% |
| 2005 | +14% | +32% | +23% |
| 2004 | +6.3% | +16% | +15% |
| 2003 | +1.1% | +9.3% | +10% |
| 2002 | +3.6% | +8.2% | +7.9% |
| 2001 | +4.4% | +4.4% | +5.1% |
| 2000 | — | — | — |
How Socastee ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 29588, 29577, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Socastee and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Socastee | — | +4.3%† | $1,520 | — | $62,257 |
| Myrtle Beach | $323K | +0.3% | $1,440 | 189 | $60,394 |
| Red Hill | — | +1.5%† | $1,360 | — | $68,250 |
† FHFA price index change, where Zillow has no home value for the town.
3.8 years of income
The typical Socastee home costs about 3.8 years of the town's median household income, less than across South Carolina (4.4 years).
How Socastee ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in Socastee is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Socastee pay a median of $1,246, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,190 · 4 bedrooms $2,190
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (29577, 29588; Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.