Myrtle Beach pegged 3rd best small metro area to buy a home

sjones@thesunnews.comJanuary 21, 2014 

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The Myrtle Beach area has been named the third best small metro area in the U.S. for buying a home, according to NerdWallet, a free online financial advice company.

NerdWallet looked at homeownership rates, median household income, monthly homeowner costs and population growth to rank best places for home ownership in small, medium and large metro areas.

Huntsville, Ala., and Fort Wayne, Ind., ranked one and two in the small metro market.

NerdWallet said the Myrtle Beach-North Myrtle Beach-Conway area “is one of the fastest growing small metro areas on our list with a population growth of 2.2 percent. The area’s high rate of homeownership and affordable housing make it a great place to settle down.”

The company’s information showed the Myrtle Beach area with a 68.7 percent homeownership rate and median homeownership costs of $1,242. Homeowner costs are slightly above one-third of household income.

No other South Carolina area was on the small metro list. Wilmington, N.C., ranked 10th.

In the medium-sized metro ranking, Columbia came in at number five, Charleston number eight and Greenville number 10.

Raleigh and Charlotte, N.C., were first and second, respectively, in the large metro ranking.

Contact STEVE JONES at 444-1765.

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