Welcome to our 31404 real estate data hub, tailored for investors in Savannah, GA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 31404 in Savannah, GA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in CHATHAM COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Savannah, GA real estate investing. Uncover the wealth of information available, and position yourself for success in the Savannah property market.
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Location Overview
- Zip Code: 31404
- City: Savannah
- State: GA
- Metro Area: Savannah, GA
- County Name: CHATHAM COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $216,775
- Average Home Price (Single Family Homes): $214,977
- Average Monthly Rental Price (All Types): $1,660
- Price-to-Rent Ratio: 11
- Zillow Projected % appreciation from 4/2023-4/2024: 5.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,170
- Average 3 Bedroom Section 8 Rental Rates: $1,600
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 15.44
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.29
- Number of Units Offered in Section 8 in the County: 1161
- Number of Occupied Units in Section 8 in the County: 1096
- Percentage of Section 8 Units Occupied in the County: 94.40000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 366.37
- Total % Appreciation since 2000 (Government Data): 213.04
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.99%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.02%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.59%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 122.28%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 235.1%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 106.89%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 212.14%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.96%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 12.88%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 48.32%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 72.03%