In Savannah, GA (ZIP code 31404), the median housing value is $214,800 which is significantly lower than the US median house value of $338,100. However, the 1 year house appreciation rate in Savannah is 19.94%, much higher than the US average of 8.27%. This shows that housing values in this area are increasing rapidly. Therefore, investing in real estate in this area may be a very lucrative option for potential investors.
The median home cost in Savannah (zip 31404) is $214,800. Home appreciation the last 10 years has been 122.5%. Home Appreciation in Savannah (zip 31404) is up 25.6%.
Average Age of Homes
- The median age of Savannah (zip 31404) real estate is 58 years old
The Rental Market in Savannah (zip 31404)
- Renters make up 46.2% of the Savannah (zip 31404) population
- 3.0% of houses and apartments in Savannah (zip 31404), 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.