Savannah, GA—31410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Savannah, GA
As of Oct '25, the median home price in Savannah, GA is $448,000, with a year-over-year change of -0.9%. This indicates that home prices in Savannah, GA are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $448,000 | -0.9% |
| Single Family | $482,000 | -1.0% |
| Condos | $252,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | -3.5% |
2 Bed | $268,000 | -2.2% |
3 Bed | $429,000 | -1.6% |
4 Bed | $598,000 | 0.7% |
| 5 Bed | $868,000 | 1.4% |
% of Housing Stock
Rental Trends — Savannah, GA
As of July '25, Rentcast reports the average rent in Savannah, GA is $2,240, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Savannah, GA is 1-bedrooms: $1,600, 2-bedrooms: $1,910, 3-bedrooms: $2,600, 4-bedrooms: $3,360. The most common rental property sizes in Savannah, GA are 3-bedroom and 2-bedroom, accounting for 37.0% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,490 | $1,600 |
| 2 Bed Rent | $1,720 | $1,910 |
| 3 Bed Rent | $2,000 | $2,600 |
| 4 Bed Rent | $2,650 | $3,360 |
% of Rental Stock
Property Listings — Savannah, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Savannah, GA is 58. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | -16.0% |
Listing Count | 129 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 58 | 44.0% |
Demographics — Savannah, GA
As of the latest ACS Survey released in 2023, Savannah, GA has a population of 22,900, which has decreased by -6.5% over the past 5 years. Savannah, GA is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 50.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | -6.5% |
% Under 18 | 21.6% | -5.3% |
% Seniors | 20.5% | 12.6% |
% WFH | 11.4% | 107.3% |
% w/ College Degree | 50.6% | 12.4% |
As of the latest ACS Survey released in 2023, Savannah, GA is a predominantly white area, with 87.7% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Savannah, GA is hispanic, making up 2.9% of the population. Foreign-born residents account for 4.2% of the population in Savannah, GA, and this percentage has decreased by 32.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.7% | 3.7% |
% Black | 2.6% | 0.0% |
% Hispanic | 2.9% | -49.1% |
% Asian | 2.5% | -41.9% |
% Foreign Born | 4.2% | -32.3% |
Mortgage and Risk — Savannah, GA
According to HUD data as of 2023, there were 506 mortgage originations in Savannah, GA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Savannah, GA. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 506 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Savannah, GA
As of 2024, the percent of homes in Savannah, GA under the Section 8 program is 0.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Savannah, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,490 | $1,730 |
| 2 Bedroom | $200 | $1,720 | $1,920 |
| 3 Bedroom | $580 | $2,000 | $2,580 |
| 4 Bedroom | $330 | $2,650 | $2,980 |
Affordability — Savannah, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $448,000 |
| Median Household Income | $97,200 |