Is renting really cheaper than owning in Folly Beach right now?

Whether renting beats owning in Folly Beach depends on the specific rent for a comparable property against the full cost of owning, including the mortgage payment, property tax, insurance, and maintenance reserve, not a general assumption either way. Barrier island insurance costs in particular can shift that comparison compared to an inland town. Brian can run the actual numbers on a specific Folly Beach property against comparable rentals.