Savannah, GA has an incredibly robust housing market that is steadily appreciating. The median value of a house in Savannah is currently $260,000 which is significantly lower than the national median of $338,100. This provides a great opportunity for potential buyers to start their homeownership journey with a more budget-friendly option. However, even though the starting price may be lower, the one year appreciation rate of 19.94% shows that housing prices are steadily increasing and could represent a solid investment opportunity as well.
The median home cost in Savannah is $260,000. Home appreciation the last 10 years has been 122.5%. Home Appreciation in Savannah is up 25.6%.
Average Age of Homes
- The median age of Savannah real estate is 50 years old
The Rental Market in Savannah
- Renters make up 46.5% of the Savannah population
- 3.7% of houses and apartments in Savannah, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.