Real Estate Investing in Savannah, Georgia (31401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31401 (Savannah, GA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.1% of homes vacant — above national norms.
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
What’s happening in Savannah, GA (31401)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 31401 Savannah
The 31401 ZIP covers a section of Savannah that demands careful diligence. Prices near $565K look accessible, but the work to make a deal cash flow is real.
The 31401 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within GA, ZIP 31401 trails on several market indicators that neighboring Chatham County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Employment concentration in 31401 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 31401 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Savannah:
Property Strategy for 31401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $412,144 | $1,820 | 3.2% | +3.5% | $412,144 |
| 2BR | $502,394 | $1,990 | 2.9% | +7.2% | $251,197 |
| 3BR | $588,336 | $2,650 | 3.2% | +8.9% | $196,112 |
| 4BR | $760,365 | $3,020 | 2.9% | +8.5% | $190,091 |
| 5BR | $1,767,905 | — | — | +9.8% | $353,581 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 31401 Compare?
| Metric | 31401 | Savannah | Savannah, GA | Georgia |
|---|---|---|---|---|
| Home Value | $565,477 | $148,885 | N/A | $329,538 |
| 5-Year CAGR | 2.6% | 6.1% | N/A | 7.8% |
| Avg Rent | $2,184 | $1,749 | N/A | - |
| Cap Rate | 3.0% | 4.6% | - | - |
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 31401 (Savannah, 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 | $565,477 |
| Monthly Rent | $2,184 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 31401
Population: 20,562
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 31401
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Johnson High School
The School of Liberal Studies at Savannah High
Andrea B Williams Elementary School
Butler Elementary School
Gadsden Elementary School
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
What are rental rates like in Savannah, GA?
Rent in Savannah, GA is around $2,184/mo. The resulting rent-to-value relationship with $565K pricing is reasonable for most investor models.
What kind of tenants rent in Savannah, GA?
The tenant pool in Savannah, GA is solid, supported by local employment and population fundamentals. Rents of $2,184/mo are well-absorbed by the market.
What is the typical vacancy rate in Savannah, GA?
Vacancy risk in Savannah, GA is elevated. That supports predictable cash flow for typical rental holds.
How do landlord-tenant laws work in Savannah, GA?
Savannah, GA operates under GA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Are homes affordable in Savannah, GA?
In Savannah, GA the median home value sits at $565K. Against the broader GA market, that reads as reasonable for most investors.
You know 31401 now. You don’t know where it ranks.
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How 31401 ranks in Savannah, GA
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