Home Insurance in North Myrtle Beach, South Carolina
With a median home value of $416,900, North Myrtle Beach is 45% higher than the Horry County median.
The typical home in North Myrtle Beach was built around 1997. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 5% of homes were built before 1960, in line with Horry County (4%).
The housing stock in North Myrtle Beach is 41% single-family homes, 49% apartments in buildings with 5+ units and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 48% of owner-occupied homes in North Myrtle Beach have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 64%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 82% of occupied homes in North Myrtle Beach are owner-occupied.
Most homes in North Myrtle Beach - 92% - are primarily heated with electricity.
Horry County's top FEMA-rated hazard is hurricane (Very High), per FEMA's National Risk Index. Horry County had 51,979 active NFIP flood policies as of September 2026. See the full Horry County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in South Carolina is $1,753 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $416,900 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Horry County | 51,979 |
| Home insurance premium | $1,753 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)