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Real Estate Prices & Overview

West Hyde Park / Summertree Village median real estate price is $363,047, which is more expensive than 60.2% of the neighborhoods in South Carolina and 46.1% of the neighborhoods in the U.S.

The average rental price in West Hyde Park / Summertree Village is currently $2,123, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.5% of the neighborhoods in South Carolina.

West Hyde Park / Summertree Village is a suburban 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).

West Hyde Park / Summertree Village 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 owner occupied. Many of the residences in the West Hyde Park / Summertree Village 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 West Hyde Park / Summertree Village. The current real estate vacancy rate here is 80.0%. 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 (60.8%). 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The West Hyde Park / Summertree Village 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, West Hyde Park / Summertree Village 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. One of the notable things about West Hyde Park / Summertree Village is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

In addition, despite all of the residential real estate here in the West Hyde Park / Summertree Village neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 80.0%, which is higher than 99.9% of all U.S. neighborhoods.

Furthermore, one of the really unique and interesting things about the look and setting of the West Hyde Park / Summertree Village neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 80.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.8% of all neighborhoods in America.

Also of note, most neighborhoods are composed of a mixture of ages of homes, but the West Hyde Park / Summertree Village stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.5% of the residential real estate here was built in this one time period.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the West Hyde Park / Summertree Village neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.1% of all American neighborhoods.

People

If you're nearing retirement age, or in retirement, the West Hyde Park / Summertree Village is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 9.6% of retiree-friendly neighborhoods in South Carolina, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in South Carolina.

Diversity

Did you know that the West Hyde Park / Summertree Village neighborhood has more Greek and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.3% of this neighborhood's residents have Greek ancestry and 1.9% have Hungarian ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the West Hyde Park / Summertree Village neighborhood in Myrtle Beach are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.8% of U.S. neighborhoods. With 35.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.9% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the West Hyde Park / Summertree Village neighborhood, 41.0% 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 executive, management, and professional occupations, with 28.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.1%), and 9.9% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the West Hyde Park / Summertree Village neighborhood is English, spoken by 95.6% of households. Other important languages spoken here include Polish and Spanish.

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 West Hyde Park / Summertree Village neighborhood in Myrtle Beach, SC, residents most commonly identify their ethnicity or ancestry as English (19.4%). There are also a number of people of German ancestry (15.8%), and residents who report Italian roots (15.7%), and some of the residents are also of Irish ancestry (10.4%), along with some Greek ancestry residents (8.3%), 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 West Hyde Park / Summertree Village neighborhood spend under 15 minutes commuting one-way to work (45.6% of working residents), one of the shortest commutes across America.

Here most residents (83.3%) drive alone in a private automobile to get to work. 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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