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Real Estate Prices & Overview

Long Bay Estates median real estate price is $320,093, which is more expensive than 57.4% of the neighborhoods in South Carolina and 40.4% of the neighborhoods in the U.S.

The average rental price in Long Bay Estates is currently $1,626, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.4% of South Carolina neighborhoods.

Long Bay Estates is a rural neighborhood (based on population density) located in Myrtle Beach, South Carolina. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Long Bay Estates real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Long Bay Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Long Bay Estates. The current real estate vacancy rate here is 80.6%. This is higher than the rate of vacancies in 99.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (59.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Myrtle Beach, the Long Bay Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Long Bay Estates neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Long Bay Estates is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 80.6% of the residential real estate vacant, the Long Bay Estates neighborhood claims the distinction of having a higher vacancy rate than 99.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

People

Of note is NeighborhoodScout's research finding that the Long Bay Estates neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Long Bay Estates community truly stands out from the rest in this regard.

Occupations

There are more people living in the Long Bay Estates neighborhood employed as sales and service workers (58.4%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the Long Bay Estates neighborhood has more Canadian and Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Canadian ancestry and 3.8% have Scots-Irish ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Long Bay Estates neighborhood in Myrtle Beach are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.2% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Long Bay Estates neighborhood, 41.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.0%), and 16.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Long Bay Estates neighborhood is English, spoken by 87.8% of households. Some people also speak Spanish (4.9%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Long Bay Estates neighborhood in Myrtle Beach, SC, residents most commonly identify their ethnicity or ancestry as Irish (11.2%). There are also a number of people of German ancestry (9.3%), and residents who report English roots (8.8%), and some of the residents are also of Scots-Irish ancestry (3.8%), along with some Italian ancestry residents (3.7%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Long Bay Estates neighborhood spend under 15 minutes commuting one-way to work (41.9% of working residents), one of the shortest commutes across America.

Here most residents (80.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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