Real Estate Investing in Savannah, Georgia (31404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31404 (Savannah, GA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
What’s happening in Savannah, GA (31404)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 31404 Savannah
The 31404 ZIP in Savannah, GA is a local-operator market. Outside capital chasing a $254K entry has to pair deep knowledge with the discount.
Rent of $1,802/mo on a $254K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 31404 sits below the stated 0.0% once reality is priced in.
On the rental side, 31404 offers a low basis, the region around Savannah has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 31404 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 31404 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Savannah:
Property Strategy for 31404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,591 | $1,600 | 5.5% | +12.6% | $105,296 |
| 3BR | $258,747 | $2,130 | 5.9% | +11.0% | $86,249 |
| 4BR | $341,952 | $2,430 | 5.1% | +10.3% | $85,488 |
| 5BR | $457,625 | — | — | — | $91,525 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 31404 Compare?
| Metric | 31404 | Savannah | Savannah, GA | Georgia |
|---|---|---|---|---|
| Home Value | $253,942 | $148,885 | N/A | $329,538 |
| 5-Year CAGR | 7.5% | 6.1% | N/A | 7.8% |
| Avg Rent | $1,802 | $1,749 | N/A | - |
| Cap Rate | 5.5% | 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 31404 (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 | $253,942 |
| Monthly Rent | $1,802 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 31404
Population: 30,749
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 31404
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Esther F. Garrison School for the Arts
Hubert Middle School
Savannah Classical Academy Charter School
Henderson E Formey Jr Early Learning Center
Susie King Taylor Community 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
How do home values compare in Savannah, GA?
In Savannah, GA the median home value sits at $254K. Against the broader GA market, that reads as reasonable for most investors.
How does Savannah, GA stack up for property investment?
Savannah, GA clocks in at an investability rating of 3.0/5, with median home values near $254K and average rents around $1,802/mo. That combination puts it in the healthy tier for investor interest.
Is house hacking profitable in Savannah, GA?
House hacking in Savannah, GA is reasonable to execute. Prices around $254K and rents of $1,802/mo solid owner-occupant economics.
Is Savannah, GA landlord-friendly?
GA law landlord-friendly for landlords, and Savannah inherits those rules. Investors should still review local ordinances for rental licensing.
How much do tenants pay in Savannah, GA?
Expect rents around $1,802/mo per month in Savannah, GA. With home values at $254K, the yield math works out to reasonable levels for rental investors.
You know 31404 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 31404 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 31404 ranks in Savannah, GA
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