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Savannah, GA—31410

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$448,000
1.8% YoY Growth
Household Income
$97,200
26.9% YoY Growth
Days on Market
59
9.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$1,900
2.8% YoY Growth
1-Bed Rent
$1,490
14.0% YoY Growth
2-Bed Rent
$1,720
4.9% YoY Growth
3-Bed Rent
$2,000
10.6% YoY Growth

Other Zip Codes in Savannah, GA

314193140131405314063141531404
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Savannah, GA

As of May '26, the median home price in Savannah, GA is $448,000, with a year-over-year change of -1.8%. This indicates that home prices in Savannah, GA are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$448,000-1.8%
Single Family $480,000-1.6%
Condos $251,000-3.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $190,000
    -4.0%
    2 Bed
    		$269,000-2.5%
    3 Bed
    		$428,000-2.1%
    4 Bed
    		$595,000-0.8%
    5 Bed $867,615-0.5%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    5.3%
    2 Bedrooms
    18.6%
    3 Bedrooms
    50.1%
    4 Bedrooms
    20.2%
    5+ Bedrooms
    4.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,900$2,240
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    4.8%
    1 Bedroom
    20.1%
    2 Bedrooms
    33.5%
    3 Bedrooms
    37.0%
    4 Bedrooms
    4.6%

    Property Listings — Savannah, GA

    As of May '26, Realtor.com reports that the median days on market for a home in Savannah, GA is 59. This is a increase of 9.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$465,000-9.0%
    Listing Count
    		17725.0%
    Listings as % of Homes0.5%25.0%
    Days on Market
    		599.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$448,000
    Median Household Income$97,200

    Savannah, GA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    31404

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    31411

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    Savannah, GA

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    Frequently Asked Questions