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Savannah

Learn about the people, housing, costs and businesses in Savannah, Georgia

Median Home$315,342
Median Rent$1,403/month
Population147,255
Leading IndustriesFinance & Insurance · Professional Services · Healthcare7% finance & insurance
Home Value Growth⬆⬆⬆+25.9% over 2 years
Young Adults34% of residentswell above average
Renters54% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit80/100 · excellent transit access
Savannah
GA

Frequently Asked Questions

What are today's mortgage rates in Savannah?

As of today, the 30-year fixed mortgage rate for Savannah is approximately 6.883% (6.919% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Savannah?

The median home value in Savannah is $315k. The median monthly rent is $1,403. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Savannah?

Home values in Savannah have increased 25.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Savannah?

Based on a typical all-in ownership cost of $1,350/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Savannah is $60k/year.

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What industries drive the economy in Savannah?

The largest employment sectors in Savannah are public administration (21%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.