Savannah, MO—64485
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Savannah, MO
As of Oct '25, the median home price in Savannah, MO is $254,000, with a year-over-year change of 6.3%. This indicates that home prices in Savannah, MO are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 6.3% |
| Single Family | $254,000 | 6.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 3.5% |
3 Bed | $254,000 | 4.1% |
4 Bed | $339,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Savannah, MO
As of July '25, Rentcast reports the average rent in Savannah, MO is $988, with a year-over-year rent change of 19.2%. Per bedroom, the median rent as of July '25 in Savannah, MO is 1-bedrooms: $675, 2-bedrooms: $1,150, 3-bedrooms: $950. The most common rental property sizes in Savannah, MO are 2-bedroom and 1-bedroom, accounting for 68.2% and 20.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $988 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $675 |
| 2 Bed Rent | $1,150 | $1,150 |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Savannah, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Savannah, MO is 73. This is a increase of 14.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $238,000 | 12.0% |
Listing Count | 25 | 23.0% |
| Listings as % of Homes | 0.2% | 23.0% |
Days on Market | 73 | 14.0% |
Demographics — Savannah, MO
As of the latest ACS Survey released in 2023, Savannah, MO has a population of 7,840, which has remained stable by -0.9% over the past 5 years. Savannah, MO is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,840 | -0.9% |
% Under 18 | 22.8% | 0.9% |
% Seniors | 24.1% | 33.1% |
% WFH | 6.0% | 114.3% |
% w/ College Degree | 25.8% | 17.8% |
As of the latest ACS Survey released in 2023, Savannah, MO is a predominantly white area, with 96.2% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Savannah, MO is hispanic, making up 0.4% of the population. Foreign-born residents account for 0.3% of the population in Savannah, MO, and this percentage has decreased by 25.0% 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 | 96.2% | -1.9% |
% Black | 0.3% | 0.0% |
% Hispanic | 0.4% | -60.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -25.0% |
Mortgage and Risk — Savannah, MO
According to HUD data as of 2023, there were 134 mortgage originations in Savannah, MO, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Savannah, MO. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 134 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Savannah, MO
Savannah, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $700 | $760 |
| 2 Bedroom | -$150 | $1,150 | $1,000 |
| 3 Bedroom | $320 | $950 | $1,270 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Savannah, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $254,000 |
| Median Household Income | $61,700 |