Savannah

Georgia · Ranked #304 of 373 metros

50Moderate
💡
Housing in Savannah costs 4.23× the median income, below the national average of 4.5×. The median home price is $318K and median rent is $1,482/month. Savannah ranks #304 of 373 metros for affordability.

Median Home Price

🏠

$318K

Need $89K income

Median Rent

🔑

$1,482

Need $54K income

Housing Shortage

📉

10,000

units needed

Building Permits

🔨

4,037

annual

Median Income

💰

$75K

Pop: 404,798

Rent Burden

⚠️

33.5%

of renters paying >30%

Price Change (YoY)

📈

+4%

Homeownership

🏡

62.0%

Rent Burden

vs. National Average

Key Facts vs. National Average

MetricSavannahNational
Price-to-Income Ratio4.23x6.1x
Rent Burden33.5%31.5%
Homeownership Rate62.0%65.5%
YoY Price Change+4%+3.5%
YoY Rent Change+3%+2.8%
Mortgage Denial Rate15.0%13.5%
Eviction Rate6.5%3.6%

House Price Index (2000–2025)

FHFA All-Transactions HPI

Since 2019: +81.8%Since 2000: +241.5%

HUD Fair Market Rents (FY2026)

Section 8 voucher payment standards

Studio$1,455/mo
1 Bedroom$1,533/mo
2 Bedroom$1,680/mo
3 Bedroom$2,235/mo
4 Bedroom$2,547/mo

Zillow Market Data

Home Value (ZHVI)

$345K

1yr: -2.5%5yr: +46.6%

Rent (ZORI)

$1,779/mo

1yr: -0.2%5yr: +44.0%

Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.

Redfin Market Activity

Median Sale Price

$290K

Active Inventory

176

Days on Market

130

Sold Above List

5.9%

Price Drops

16.5%