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City · 147,898 residents · Chatham County, Georgia

Savannah , Georgia

In Savannah, a typical home is worth $248,900 and typical rent is $1,382 a month. Compared with all of Chatham County, typical household income is 20% lower, the typical home value is 18% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $248,900

    18% below the county

    18% below Georgia

    • Savannah
    • Chatham
    • Georgia

  • Typical rent

    $1,382a month

    6% below the county

    About the same as Georgia

    • Savannah
    • Chatham
    • Georgia

  • Typical household income

    $57,137a year

    20% below the county

    26% below Georgia

    • Savannah
    • Chatham
    • Georgia

  • Households that own their home

    45%

    11 points below the county

    20 points below Georgia

    • Savannah
    • Chatham
    • Georgia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$318,893
3% less than 12 months ago
Typical rent
$1,712 a month
1.1% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Savannah is in Chatham County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Chatham County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Savannah apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Garden City, the typical home value is $169,400: 32% less than in Savannah ($248,900).

  2. The typical household income in Savannah is $57,137, 20% less than in Chatham County as a whole ($71,097).

  3. 45% of households in Savannah own their home, against 57% in Chatham County.

  4. The typical home in Savannah is worth $248,900, 18% less than in Chatham County as a whole ($302,700).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Savannah

What homes there are in Savannah, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Savannah (56%), but less so than in Chatham County (62%).

Year built

Homes in Savannah are older: the typical year built is 1971; in Chatham County, 1986.

Homes in Savannah are smaller: 54% have 3 bedrooms or more; in Chatham County, 63%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Chatham County is $541,287, and about 88% of owner-occupied homes in Savannah are worth less than that.

Monthly rent with utilities

By rent, most homes in Savannah cost less than HUD's 2-bedroom fair market rent ($1,679): about 69%.

With a mortgage

$1,592 a month

Chatham County: $1,758 a month

Without a mortgage

$609 a month

Chatham County: $628 a month

Owners with a mortgage

63%

Chatham County: 64%

Owning costs less in Savannah: with a mortgage, the typical cost is $1,592 a month; in Chatham County, $1,758. Without one, $609.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Savannah rose 59% since 2015–2019, more than in Chatham County (56%).

Much as in Chatham County, the typical rent in Savannah rose 36% since 2015–2019.

Here income did not keep up with housing: it rose 32%, while home values changed +59% and rent +36%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSavannahChatham CountyGeorgiaUnited States
Rental vacancy 5.9%6.2%6.8%5.5%
Homeowner vacancy Unreliable estimate1.8%1.1%0.9%
More than one person per room 2.2%1.7%2.4%3.4%
People per household 2.362.402.622.53
Drive alone 70%73%71%69%
Carpool 10%10%9%9%
Public transit 2%1%1%3%
Walk or bike 5%3%1%3%
Work from home 12%12%16%15%
Other means 2%2%2%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Savannah, the rental vacancy rate is 5.9%, about the same as in Chatham County.

More than one person per room: that is how 2.2% of households in Savannah live, near the figure in Chatham County (1.7%).

A household in Savannah has 2.36 people on average, about the same as in Chatham County (2.40).

The car rules in Savannah: 70% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Savannah?

A typical home costs more than the typical income allows

We start with a typical home in Savannah, worth $248,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in Savannah, which is $57,137 a year. For that payment to be 28% of income, a household would need to earn about $87,406 a year.

The calculator's FHA and conventional loan limits are those of all of Chatham County.

Your numbers

Local data
$

Starts at the typical home value in Savannah. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,712 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,040

at 7.18% · 30 years

Loan amount
$244,391
Total interest
$351,622
Paid off in
November 2056

Includes $4,203 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,333 a month

  • Tight

    $1,333 to $1,714 a month

  • Hard

    more than $1,714 a month

    Your payment · 43%

Compared with the typical household income in Savannah ($57,137 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,040
Principal & interest$1,656
Property tax$170
Home insurance$104
FHA mortgage insurance (MIP)$110

You need at least $8,712 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Savannah and Chatham County

Savannah is in Chatham County, Georgia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Savannah's own numbers

Typical home value
$248,900
Typical monthly rent
$1,382
Typical yearly household income
$57,137
Households that own their home
45%
Effective property tax rate
0.82%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Chatham County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,679
Price change over 5 years (FHFA)
+71%
Homes in a high flood-risk zone
14%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Chatham County.

Everything about Chatham County

Buying

Buying a home in Savannah

A typical home in Savannah is worth $248,900: 18% below the county and 18% below Georgia. With the typical household income in Savannah ($57,137 a year), a typical home costs 4.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Savannah 4.4 years
  • Chatham 4.3 years
  • Georgia 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Chatham County

According to FHFA’s house price index, home prices in Chatham County rose 120% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Chatham County.

Period County Georgia U.S.
Last year (2025) +2.3% +2.2% +2.9%
5 years (2020–2025) +71% +58% +47%
10 years (2015–2025) +120% +110% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Savannah next to Chatham County, Georgia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Savannah $248,900
  • Chatham $302,700
  • Georgia $303,300
  • United States $332,700
Typical monthly rent
  • Savannah $1,382
  • Chatham $1,471
  • Georgia $1,393
  • United States $1,413
Typical yearly household income
  • Savannah $57,137
  • Chatham $71,097
  • Georgia $77,353
  • United States $80,734
See the full table
Savannah next to Chatham County and Georgia
Measure Savannah Chatham County Georgia U.S.
Typical home value $248,900 $302,700 $303,300 $332,700
Typical monthly rent $1,382 $1,471 $1,393 $1,413
Typical yearly household income $57,137 $71,097 $77,353 $80,734
Households that own their home 45% 57% 66% 65%
Typical yearly property tax $2,040 $2,541 $2,341 $3,119
Effective property tax rate 0.82% 0.84% 0.77% 0.94%
Renters with high rent for their income 55% 54% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Chatham County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Savannah

For a typical $248,900 home in Savannah, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Savannah's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,039a month

    Least cash to close
    Down payment
    $8,712
    Cash to close
    $16,179
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $110

  • Conventional, 5% down $1,994a month

    Down payment
    $12,445
    Cash to close
    $19,912
    Rate
    7.18%
    Mortgage insurance
    PMI · $118

  • Conventional, 20% down, no PMI $1,623a month

    Down payment
    $49,780
    Cash to close
    $57,247
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,853a month

    Down payment
    $37,335
    Cash to close
    $44,802
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Savannah and for Chatham County.

Property tax

Effective rate in Savannah

0.82%of the home’s value each year

$2,040 a year for the typical owner in Savannah.

  • Savannah 0.82%
  • Chatham 0.84%
  • Georgia 0.77%

What Georgia publishes Standard state homestead exemption (Georgia Department of Revenue)

Exemptions and deadlines in Georgia

Flood risk in Chatham County

FEMA does not publish these numbers by city: they are for all of Chatham County.

Homes in the high-risk zone
14%
12,957
Of those, with NFIP insurance
81%
County Georgia U.S.
Homes in the high-risk zone 14% 2% 3.5%
Of those, with NFIP insurance 81% 43% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Savannah

Typical rent in Savannah is $1,382 a month: 6% below the county. In Savannah, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Chatham County, by unit size. To pay the 2-bedroom one ($1,679 a month) without spending more than 30% of your income, you would need to earn $32.29 an hour working full time.

HUD fair market rent for all of Chatham County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,481 $28.48 $59,240
1 bedroom $1,542 $29.65 $61,680
2 bedrooms $1,679 $32.29 $67,160
3 bedrooms $2,185 $42.02 $87,400
4 bedrooms $2,484 $47.77 $99,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Savannah

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Savannah has 6 ZIP codes with their own.

For 2 bedrooms it runs from $1,520 in 31415 to $2,010 in 31421.

3 of the 6 are above the fair market rent for Chatham County ($1,679).

  • 31401 $2,010$2,620
  • 31404 $1,530$2,020
  • 31409 $1,650$2,140
  • 31415 $1,520$2,020
  • 31419 $1,770$2,300
  • 31421 $2,010$2,620

4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Savannah when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Savannah

HUD lists 74 buildings with rents for lower incomes in Savannah. These are the largest.

  • Yamacraw Village 360 Yamacraw Vlg, Savannah 31401 390 homes, 315 low-income · Run by Housing Authority of Savannah · Average payment: $352 a month (912) 235-5800
  • The Oaks at Brandlewood 5110 Garrard Ave, Savannah 31405 324 homes, 287 low-income · 1 bd: 96 · 2 bd: 132 · 3 bd: 96 · In service since 2003
  • River Point I + II Aka Wessels/Blackshear RDV 939 Wheaton St, Savannah 31401 280 low-income homes · 1 bd: 47 · 2 bd: 119 · 3 bd: 105 · 4 bd: 9 · In service since 2017 · For families (912) 235-5844
  • Woodlands at Montgomery 227 W Montgomery Cross Rd, Savannah 31406 246 low-income homes · 1 bd: 50 · 2 bd: 96 · 3 bd: 92 · 4 bd: 8 · In service since 2020
  • Simon Frazier Homes&herbert Kayton Homes 509 W Gwinnett Ct, Savannah 31415 236 low-income homes · Run by Housing Authority of Savannah · Average payment: $288 a month · Average wait: 32 months (912) 235-5800

See all 82 buildings in Chatham County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Savannah

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Chatham County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Savannah

No down payment, repair or rent-help program on our list is for Savannah or Chatham County. The ones below are statewide in Georgia: they work in Savannah the same as in the rest of the state.

Which programs do I qualify for? All programs in Georgia

  • Georgia Dream Homeownership Program

    Statewide in Georgia

    Georgia state program for first-time buyers: a mortgage with down payment assistance of up to 5% of the price or $10,000, as a 0% second mortgage with no monthly payments. Offered by Georgia Department of Community Affairs.

    Deferred

    See the program Official page

  • Georgia Dream Peach Plus Loan Program

    Statewide in Georgia

    FHA or VA mortgage from the Georgia Dream program with down payment assistance of 3.5% of the price (up to $10,000), or 4% (up to $12,500) for police officers, educators, health care workers, military members or families with a person with a disability; no first-time buyer requirement. Offered by Georgia Department of Community Affairs.

    Type not stated

    See the program Official page

Housing counselors near Savannah

The HUD-approved agencies closest to the center of Savannah, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Credit.org - Savannah, GA Branch

    100 Bull St, Savannah · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (800) 431-8157

  • Jcvision and Associates, Inc

    135 E Ml King Jr Dr, Hinesville · 26 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (912) 877-4243

  • CCCS of the Savannah Area, Inc. - Statesboro Branch

    515 Denmark Street Suite 700, Statesboro · 46 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (912) 691-2227

Every agency in Chatham County All counseling agencies in Georgia

Help in Spanish near Savannah

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Savannah

HUD’s record names them for Savannah or Chatham County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Savannah Public housing and Section 8 vouchers (912) 235-5800

All housing agencies in Georgia Source: HUD

Cities

Other cities in Chatham County

These cities are also in Chatham County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Chatham County Housing in Georgia

Nearby cities

The cities closest to Savannah, with the typical home value.

Neighboring counties

If Chatham County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Savannah.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Savannah

Short answers with the numbers for Savannah and all of Chatham County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Savannah?

The typical home value in Savannah is $248,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Chatham County it is $302,700.

How much does it cost to rent in Savannah?

Typical rent in Savannah is $1,382 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Chatham County is $1,679.

What is the FHA loan limit in Savannah?

Savannah uses the FHA limit for all of Chatham County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Savannah?

The typical homeowner in Savannah pays $2,040 a year, according to the U.S. Census Bureau. That is 0.82% of the home’s value; in Chatham County, the rate is 0.84%.

Where can I find free help to buy or rent in Savannah?

There is 1 HUD-approved counseling agency with an office in Chatham County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).