Real Estate Investing in Savannah, Georgia (31405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31405 (Savannah, 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.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
What’s happening in Savannah, GA (31405)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 31405 Savannah
This part of Chatham County is not an easy win. The 31405 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 31405 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 31405 and stronger Savannah ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 31405 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 31405 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 31405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $215,496 | $1,650 | 5.5% | +10.6% | $107,748 |
| 3BR | $319,952 | $2,190 | 4.9% | +9.3% | $106,651 |
| 4BR | $532,826 | $2,500 | 3.4% | +9.7% | $133,206 |
| 5BR | $707,928 | — | — | +10.3% | $141,586 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 31405 Compare?
| Metric | 31405 | Savannah | Savannah, GA | Georgia |
|---|---|---|---|---|
| Home Value | $345,815 | $148,885 | N/A | $329,538 |
| 5-Year CAGR | 6.3% | 6.1% | N/A | 7.8% |
| Avg Rent | $1,674 | $1,749 | N/A | - |
| Cap Rate | 3.8% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31405 (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 | $345,815 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -4.5% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 31405
Population: 39,724
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 31405
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 vacancy a concern in Savannah, GA?
Occupancy in Savannah, GA runs reliable with elevated vacancy. Well-priced units at $1,674/mo lease on reasonable timelines.
What is the renter demographic in Savannah, GA?
Tenant demand in Savannah, GA is solid. The local workforce $1,674/mo rents across most rental classes.
What is the median home value in Savannah, GA?
Savannah, GA home values average about $346K. That price point suits investors targeting rentals with $1,674/mo in monthly income.
Is Savannah, GA a friendly market for rental owners?
Savannah, GA operates under GA law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
What investment strategy works best in Savannah, GA?
Investors usually favor careful cash-flow rentals with hands-on management in Savannah, GA. With home values at $346K and rents near $1,674/mo, other strategies can work but produce stable rather than outsized returns.
You know 31405 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 31405 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 31405 ranks in Savannah, GA
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