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Flood insurance cost · ZIP 29577 · SC

Flood insurance cost in ZIP 29577 (Myrtle Beach, SC)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 1,957 home policies in force on August 31, 2026.

ZIP code 29577 (Myrtle Beach, SC)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$618a year

Half of insured homes paid between $519 and $821. That is 4% less than the Horry County median ($642). Most insured homes here are rated in zone X (79%).

$0$519 · $618 · $821$1,026
+2.3% vs Aug 31, 2025 (median $604)
1,957home policies in force
$748average cost (mean)
21%of insured homes in high-risk zones (A, V)
$250,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Cost by flood zone in ZIP code 29577

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zoneMedianMiddle half (25th–75th percentile)AveragePoliciesvs last year
Zone AE
High risk		$825$702–$1,086$985395 (20%)+3.8%
Zone X
Moderate to low risk		$584$504–$730$6771,555 (79%)+2.1%

Not shown (fewer than 10 home policies): VE, A, AO, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in ZIP code 29577, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home1,780$631$768
2–4 unit building23$677$699
Condo or apartment unit147$466$509
Whole residential building (5+ units or condo association)
One policy covers the whole building, so the cost is much higher than for a single home.		211$1,706$9,412
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		270$1,934$3,778

Not shown (fewer than 10 policies): manufactured (mobile) home.

2,438NFIP policies in force, any building
12,066insured units (condo association policies count every unit)
92%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: ZIP code 29577

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

Aug 31, 2025Aug 31, 2026Change
Home policies in force2,2011,957−11.1%
Median annual cost$604$618+2.3%
Average annual cost$713$748+4.9%
All policies in force (any building)2,7012,438−9.7%

Flood claims history

Since 1978, NFIP policyholders in ZIP 29577 have filed 1,545 flood claims. 989 received a payment, for a total of $46.4 million (an average of $46,868 per paid claim). The year with the most claims was 1989 (596 claims). Amounts are in dollars of the time, not adjusted for inflation.

02004006008001979: 30 claims, 13 paid, $60,433 in total19801983: 11 claims1985: 16 claims, 10 paid, $37,525 in total1986: 29 claims, 24 paid, $51,646 in total1987: 51 claims, 36 paid, $235,839 in total1989: 596 claims, 459 paid, $32,937,048 in total198919901992: 11 claims1993: 18 claims, 15 paid, $92,930 in total1994: 35 claims, 28 paid, $339,506 in total1996: 148 claims, 27 paid, $163,381 in total19961998: 53 claims, 19 paid, $97,465 in total1999: 260 claims, 153 paid, $4,146,424 in total19992000: 19 claims, 18 paid, $204,410 in total200020102015: 68 claims, 47 paid, $772,004 in total2016: 65 claims, 28 paid, $1,258,053 in total2018: 44 claims, 36 paid, $2,662,579 in total20202022: 24 claims, 22 paid, $2,296,256 in total
Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.
All years with at least 10 claims (17)

Swipe the table sideways to see all columns.

Year of lossClaimsPaid claimsTotal paidAverage per paid claim
20222422$2,296,256$104,375
20184436$2,662,579$73,961
20166528$1,258,053$44,930
20156847$772,004$16,426
20001918$204,410$11,356
1999260153$4,146,424$27,101
19985319$97,465$5,130
199614827$163,381$6,051
19943528$339,506$12,125
19931815$92,930$6,195
199211<10––
1989596459$32,937,048$71,758
19875136$235,839$6,551
19862924$51,646$2,152
19851610$37,525$3,752
198311<10––
19793013$60,433$4,649

From 2016 to 2026: 133 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

NFIP communities in this ZIP code

Myrtle Beach (1,549 home policies) · Unincorporated Horry County (401 home policies). A ZIP code can cross city and county lines; each policy is counted once, in the ZIP code reported for the insured building.