What to Know About Market Common Properties in Myrtle Beach

Market Common is a mixed-use development in Myrtle Beach with residential, retail, and office space

Market Common is a 140-acre neighborhood in central Myrtle Beach that combines apartments, townhomes, and single-family homes with shops, restaurants, and office buildings. The development sits near Highway 17 Bypass and Barefoot Landing, making it accessible to both the beach and downtown Myrtle Beach. Properties here range from rental apartments to owner-occupied homes, and the mix of residential and commercial uses means the area functions as both a living space and a gathering place.

The development opened in phases beginning in 2008, so the buildings and infrastructure are relatively newer than many Myrtle Beach neighborhoods. Streets are laid out in a grid pattern with sidewalks connecting residential areas to retail and dining, which differs from the car-dependent layout of older beach communities. This walkability appeals to buyers and renters who want to run errands or eat dinner without driving.

Key Takeaways

• Market Common includes apartments, townhomes, and single-family homes alongside shops and restaurants in one planned neighborhood.
• The development is centrally located near Highway 17 Bypass and within a few miles of the Atlantic Beach and downtown attractions.
• Properties range from rental units managed by large companies to individually owned homes sold through standard real estate channels.
• The neighborhood has homeowner association rules and fees that vary by section, so reviewing covenants before purchase or lease is necessary.
• Rental availability and home prices fluctuate seasonally, with higher demand and costs during summer months and the winter holiday season.

Residential options: apartments, townhomes, and houses

Market Common offers three main types of housing. Large apartment complexes like Latitude Apartments and Parkside Apartments rent furnished and unfurnished units, typically ranging from studios to three-bedroom layouts. These are managed by professional property companies and include amenities like pools, fitness centers, and parking. Lease terms usually run 6 to 12 months, though some buildings offer shorter-term rentals during peak season.

Townhomes in Market Common are sold as owner-occupied properties or rented by individual landlords. These typically have two to three stories, private entrances, and small yards or patios. Townhome prices and rental rates fall between apartment costs and single-family homes. Many townhomes are part of the homeowner association, which means monthly or annual fees and adherence to community rules about exterior appearance and maintenance.

Single-family homes in Market Common are scattered throughout the development and are almost always owner-occupied. These range from modest three-bedroom cottages to larger four- or five-bedroom houses. Single-family homes are listed through standard real estate agents and sold on the open market. Like townhomes, most are subject to HOA rules, though the specific restrictions and fees depend on which section of Market Common the home is in.

Homeowner association rules and what they cover

Market Common is divided into several sections, each with its own homeowner association. The HOA sets rules about lawn maintenance, exterior paint colors, fence heights, and vehicle parking. Some sections restrict short-term rentals or limit the number of rental properties, which matters if you plan to rent out a home you purchase. HOA fees typically range from $200 to $400 per month depending on the section and what amenities are included, though this varies and should be confirmed with the specific HOA before buying.

The HOA also maintains common areas like parks, sidewalks, and streetlights. Fees pay for landscaping, security patrols in some sections, and upkeep of shared facilities. Before purchasing a property, request the HOA documents, including the covenants, bylaws, and current fee schedule. These documents spell out what you can and cannot do with your property and what the monthly or annual cost will be. If you are renting, your lease should clarify whether the landlord or tenant is responsible for HOA fees.

Proximity to beaches, shopping, and dining

Market Common sits about 2 miles from the Atlantic Beach boardwalk and main beach access points. This is close enough for a quick trip but far enough that the neighborhood avoids the heaviest tourist traffic and parking congestion. Barefoot Landing, an outdoor shopping and entertainment complex, is adjacent to Market Common and includes restaurants, shops, and live music venues. Highway 17 Bypass runs nearby, providing quick access to other parts of Myrtle Beach and neighboring towns.

Within the development itself, Market Common has restaurants, cafes, a grocery store, and retail shops. This means residents can walk to dinner or pick up groceries without leaving the neighborhood. The retail mix includes casual dining, coffee shops, and national chains, though the specific businesses change over time. The walkable layout and concentration of services make Market Common appealing to people who want urban convenience in a beach town setting.

Seasonal demand and pricing patterns

Like most Myrtle Beach real estate, Market Common experiences seasonal swings in both rental rates and home prices. Summer months (June through August) and the winter holiday season (November through early January) see the highest demand and highest prices. Rental apartments may charge premium rates during these periods, and homes listed for sale often attract more buyers. Spring and fall are moderate seasons with moderate pricing, while late winter and early spring tend to have lower demand and lower costs.

If you are looking to rent short-term, expect to pay more during peak season and to have fewer options available. Long-term rentals are more stable in price but may still see seasonal variation. If you are buying a home, working with a real estate agent who understands Market Common's seasonal patterns can help you time your purchase and negotiate effectively. Some sellers are more motivated during slower seasons, which can work in a buyer's favor.

How to find properties and work with agents

Rental apartments in Market Common can be found by contacting the individual complexes directly or searching apartment listing sites. Most large complexes have websites where you can view floor plans, pricing, and availability. For townhomes and single-family homes, use standard real estate search sites like Zillow, Realtor.com, or Redfin, or contact a local Myrtle Beach real estate agent. Agents who specialize in Market Common can explain the different sections, HOA rules, and neighborhood character in ways that general searches cannot.

When contacting a rental complex or real estate agent, have a clear picture of what you need: budget, move-in date, number of bedrooms, and whether you need furnished or unfurnished space. For rentals, ask about lease terms, what utilities are included, pet policies, and parking. For purchases, ask about the specific HOA section, current fees, any pending special assessments, and the history of the property. Getting these details upfront saves time and prevents surprises later.

Frequently Asked Questions

Do all properties in Market Common have HOA fees?

Most do, but not all sections are the same. Rental apartments managed by large companies typically do not charge individual residents an HOA fee—the fee is built into the rent. Townhomes and single-family homes are almost always subject to HOA fees unless they are in one of the few sections without an association. Ask the landlord or seller directly, and request the HOA documents to confirm.

Can I rent out a home I buy in Market Common?

It depends on which section you buy in. Some HOA sections allow long-term rentals without restriction, while others limit the number of rental properties or prohibit short-term rentals entirely. Review the covenants before you purchase. If you plan to rent out the property, make sure the section you choose permits it, or you could face fines or be forced to sell.

Is Market Common walkable to the beach?

Market Common is about 2 miles from the main beach, which is too far for a casual walk but close enough for a short drive or bike ride. The neighborhood itself is walkable—you can walk to shops and restaurants within Market Common—but reaching the ocean requires transportation. If beach access is a priority, look for properties closer to the boardwalk.

What is the difference between renting an apartment and renting a townhome in Market Common?

Apartments are managed by professional companies, include amenities like pools and fitness centers, and typically have shorter lease options. Townhomes are usually rented by individual owners, offer more privacy and space, and may have fewer amenities. Apartments tend to be more expensive per square foot but include utilities and maintenance. Townhomes offer more independence but may require you to handle your own repairs or coordinate with a landlord.

When is the best time to buy or rent in Market Common?

Late winter and early spring (February through April) typically have lower prices and less competition than summer or the winter holidays. If you are flexible on timing, these months offer better negotiating power. Summer and December are the most expensive and competitive seasons. Fall is a middle ground with moderate prices and moderate demand.