MARKET SNAPSHOT

Myrtle Beach q2 2026

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AVERAGE RENT

$1,464 Q2 2026

OCCUPANCY RATE

89.6% Q2 2026

NET ABSORPTION

1,582 T4Q

ANNUAL RENT CHANGE

-2.5% Q2 2026

ANNUAL OCCUPANCY CHANGE

-120 BPS

UNIT COMPLETIONS

1,038 T4Q

KEY TAKEAWAYS

Demand is accelerating as supply recedes, with trailing 12-month absorption of 1,582 units outpacing 1,038 units delivered, and Q2 absorption of 702 units nearly doubling the prior quarter's 358 units.

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The construction pipeline is fully exhausted, with 0 units under construction (0.0% of inventory) and trailing 12-month starts at 0 units, down from 603 one year ago, eliminating forward supply risk.

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Rents turned positive quarter over quarter at 3.0%, reaching $1,464, though annual growth remains at -2.5% and stabilized occupancy of 89.6% reflects a 120 basis point year-over-year decline.

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MARKET OUTLOOK

Myrtle Beach has entered the final stage of its supply cycle. With construction activity fully halted, the pipeline has been exhausted, removing the primary headwind...

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