Rent to own Homes in Socastee, SC
A small city in South Carolina's picturesque Horry County, Socastee is home to a friendly community of just under 20,000 people. The city, which covers an area of just 13.9 square miles, lies minutes from Myrtle Beach and Surfside Beach, bringing all the attractions of the Atlantic Ocean within easy reach. You don't have to leave Socastee to enjoy the water, though, as the Waccamaw River runs along the boundary of this popular city on its way to the sea.
Socastee, SC is a great place for affordable rent-to-own homes! With a median household income of over $47,296 and a median rent of $982, the Socastee, SC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Socastee, SC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Socastee, SC is seeing rapid growth and Socastee, SC's' housing market remains optimal with an average home price that is -22% below the 2024 national average. Socastee, SC is part of Horry county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Horry is 0.41% which is below the national average, which is 0.99%.
Median Home Price in Socastee, SC
Median Rent in Socastee, SC
6 Reasons to Live in Socastee, SC
Affordable rental properties! Although the average rent in Socastee is slightly higher than the state average at $838 per month, it's possible to pick up one-bedroom homes for around $700. Start your search for rent to own apartments or traditional rental homes in complexes such as Palmetto Pointe and River Landing Apartments.
Enjoy delicious Southern food! An array of eateries line Socastee Boulevard and the highway. Dig in to a hearty breakfast at Breakfast House Inc. or enjoy lunch with friends at Niki's Bar & Grille. The Old Bull and Bush Pub and Eatery and the Bonefish Grill in nearby Surfside Beach are popular spots for dinner.
Experience history! A prime local example of post-Civil War development, the Socastee Historic District is listed on the National Register of Historic Places. Highlights of the area include the Socastee Swing Bridge, the T.B. Cooper General Store and Samuel S. Sarvis House.
More than enough green spaces! Socastee may be within a stone's throw of the beach, but if you prefer to relax in green spaces, you'll find several scenic trails lining the Waccamaw River and Socastee Creek. There are numerous golf courses nearby, while Peachtree Lake is a popular fishing spot.
Generous vacancy rate! If you have your heart set on renting a home in Socastee, the 19 percent vacancy rate in neighborhoods, such as Brighton Woods and Camelot, means you'll have plenty of elbow room to find your dream property. You may even strike lucky and find one of the three percent of homes for rent that include utilities in the monthly charge.
Ample local amenities! You won't have to go far to find local shops. Braves Village, where vendors include Food Lion, Firehouse Subs, Magic Nails and Mr. Liquor, is conveniently close. Also nearby are Dollar General and Family Dollar outlets.