Savannah, GA 31406 - Real Estate Investment Insights & Performance Data

Welcome to our 31406 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 31406 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.

• Location Overview

  • Zip Code: 31406
  • City: Savannah
  • State: GA
  • Metro Area: Savannah, GA
  • County Name: CHATHAM COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $266,818
  • Average Home Price (Single Family Homes): $272,189
  • Average Monthly Rental Price (All Types): $1,404
  • Price-to-Rent Ratio: 16
  • Zillow Projected % appreciation from 4/2023-4/2024: 4.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,250
  • Average 3 Bedroom Section 8 Rental Rates: $1,710
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.79
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13
  • 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%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 263.65
  • Total % Appreciation since 2000 (Government Data): 142.51
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.41%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 12.81%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.76%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 68.13%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 116.18%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 79.06%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 154.05%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.89%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.34%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 45.52%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%