Real Estate Investing in Tybee Island, Georgia (31328)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31328 (Tybee Island, GA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 54.4% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.5% in the last year.
- High price-to-rent: Price-to-rent ratio 37.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tybee Island, GA (31328)?
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Market Analysis: 31328 Tybee Island
The 31328 ZIP covers a section of Tybee Island that demands careful diligence. Prices near $632K look accessible, but the work to make a deal cash flow is real.
The 31328 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Tybee Island have seen price recovery that 31328 has not matched. Chatham County data supports the view that the spread is structural rather than temporary.
Demographically, 31328 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. impressive returns are possible in 31328, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Tybee Island:
Property Strategy for 31328
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $489,972 | $1,580 | 2.3% | +6.4% | $244,986 |
| 3BR | $680,992 | $2,100 | 2.2% | +7.3% | $226,997 |
| 4BR | $928,832 | $2,400 | 1.9% | +8.1% | $232,208 |
| 5BR | $1,229,489 | — | — | +8.8% | $245,898 |
Market Trends
Home Value History (with trend line)
📊 How Does 31328 Compare?
| Metric | 31328 | Tybee Island | Savannah, GA | Georgia |
|---|---|---|---|---|
| Home Value | $632,105 | $632,105 | N/A | $329,538 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.8% |
| Avg Rent | $1,422 | $1,422 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31328 (Tybee Island, GA). Anonymous, moderated, never written by AI.
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Property managers serving Chatham County
Manage rentals here? List your business →Cora Bett Thomas Property Management offers Savannah apartments and vacation rentals, including long-term homes, furnished executive rentals, historic properties, and vacation stays. summary from their website
Savannah Property Management offers residential property management services including marketing, tenant screening, rent collection, maintenance, accounting, and eviction. summary from their website
Stewart Property Management provides affordable housing throughout New Hampshire, Vermont, Maine, and Massachusetts. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $632,105 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 37.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | -3.5% ▼ |
| 3-Year CAGR | -2.6% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 31328
Population: 3,330
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 31328
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,871 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Tybee Island, GA a good place for real estate investing?
Tybee Island, GA reports an investability rating of 3.0/5, with median home values near $632K and average rents around $1,422/mo. That combination puts it in the robust tier for investor interest.
What is the average monthly rent in Tybee Island, GA?
Rent in Tybee Island, GA is around $1,422/mo. The resulting rent-to-value relationship with $632K pricing is reasonable for most investor models.
What type of investing works in Tybee Island, GA?
A careful cash-flow rentals with hands-on management strategy Tybee Island, GA best. The market produces steady results for that approach at the $632K price point.
Should investors worry about vacancy in Tybee Island, GA?
Tybee Island, GA sees elevated vacancy, which is reasonable relative to the broader GA rental market.
How viable is house hacking in Tybee Island, GA?
The house hack math a challenging in Tybee Island, GA. Owner-occupant buyers benefit from the $1,422/mo rents and $632K home values.
You know 31328 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 31328 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 31328 ranks in Savannah, GA
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