Total monthly cost of ownership
Cost to Own a Home in Murrells Inlet, South Carolina
A $356,000 home here costs
$2,624per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,830. The real number is $794 higher every month — 43% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Murrells Inlet against Georgetown County and South Carolina
| Measure | Murrells Inlet | Georgetown County |
|---|---|---|
| Median home value | $355,800 | $262,300 |
| Median property tax | $1,350 | $1,117 |
| Effective tax rate | 0.379% | 0.426% |
| Median gross rent | $1,702 | $1,166 |
| Population | 10,087 | 64,200 |
The weather behind that power bill
Murrells Inlet sits in Georgetown County, which averages a high of 91.1°F in its hottest month and a low of 37.0°F in its coldest, with 55.43" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,244 cooling and 2,191 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Georgetown County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Georgetown County
Full Georgetown County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Murrells Inlet?
A $356,000 home in Murrells Inlet, South Carolina costs approximately $2,624 per month with 20% down at 6.66%. That is $1,830 principal and interest, $112 property tax, $171 homeowners insurance, $213 utilities and $297 set aside for maintenance.
What is the property tax rate in Murrells Inlet?
Murrells Inlet has an effective property tax rate of 0.379%, based on a median home value of $355,800 and median real estate taxes of $1,350. That is lower than the Georgetown County average of 0.426%.
What is the average home price in Murrells Inlet?
The median owner-occupied home value in Murrells Inlet, South Carolina is $355,800, against $262,300 across Georgetown County.
Is it cheaper to rent or buy in Murrells Inlet?
Median gross rent in Murrells Inlet is $1,702 a month, against $2,624 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Murrells Inlet — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for South Carolina.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.