Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$340,186−2.7% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$73,745About 0.9× the local median income ($81,123): affordable for a typical household
Days on market80 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−0.6%Zillow expects prices to dip slightly
The typical home in Savannah, GA is worth $340,186, down 2.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $324,727, so the area is 4.8% overvalued. It is a buyer's market: homes take about 80 days to sell, listings are up 16% from a year ago, 22% of listings have had a price cut. Zillow expects prices to fall about 0.6% over the next year. A household needs about $73,745 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,123. Typical rent is $1,771 a month, or $2,190 for a house. In the latest IRS figures, 1,473 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$340,186
Change in 1 year
−2.7%
Overvalued %
+4.8%
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Fair home value
$324,727
Change in 5 years
+31.1%
Zillow forecast, next 12 months
−0.6%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,844
Income needed to afford it
$73,745
Property tax rate
0.84%
Rent and investing
Typical rent
$1,771
Typical rent for houses
$2,190
Price-to-rent ratio
16.0×
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HUD Fair Market Rent, 2 bedrooms
$1,679
Gross rental yield
6.25%
Cap rate (estimate)
4.06%
Market activity
Listings vs a year ago
+16.2%
Days on market
80
Listings with a price cut
22.2%
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Homes for sale
2,481
Pending sales per 100 listings
29
Asking price per sq ft
$209
People and jobs
Median household income
$81,123
Population change (1 year)
+1.0%
Unemployment rate
5.8%
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Population
438,314
Income adjusted for cost of living
$85,213
Net moves in (IRS)
+1,473
Cost of living (US = 100)
95.2
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
87.2
Unhealthy air days a year
0
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Flood risk score
84.7
Wildfire risk score
87.5
Walkability (1 to 20)
9.0
Road, rail and air noise
54 dB
Questions people ask
Is Savannah, GA overvalued?
Home prices in Savannah, GA are slightly above what local incomes have historically supported: fair value is about $324,727, so the area is 4.8% overvalued.
Is Savannah, GA a buyer's or seller's market?
Savannah, GA is a buyer's market: homes take about 80 days to sell, listings are up 16% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Savannah, GA?
Home values in Savannah, GA are down 2.7% over the last year. Zillow's forecast for the next 12 months is −0.6%.
How much do you need to earn to buy a home in Savannah, GA?
A household needs about $73,745 a year to afford the typical home in Savannah, GA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,123.