Savannah, GA Housing Market: Home Prices & Rent
Savannah, GA home values since 2000
Last few years
Rent in Savannah, GA
Owning vs renting, monthly
Buying the typical Savannah, GA home with 20% down at this week's 7.32% 30-year rate costs about $2,295/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,771/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Savannah, GA vs Georgia vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $340k | -2.7% | $1,771/mo |
| Georgia | $329k | -0.6% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Savannah, GA?
Yes - the typical Savannah, GA-area home value is down 2.7% over the past 12 months, at $340k (September 2026). Values are 5% below their October 2024 peak of $357k.
Is the Savannah, GA housing market crashing?
Home values are 5% below their October 2024 peak and down 2.7% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Savannah, GA?
Typical rent in the Savannah, GA metro is $1,771 a month (September 2026), -0.7% over 12 months.
How much income do you need to buy a home in Savannah, GA?
About $95k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Atlanta, GA · Augusta, GA · Myrtle Beach, SC · Sioux Falls, SD · Rochester, MN · Palm Bay, FL
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Savannah, GA metro area. How we calculate.