US5.com
  1. Home
  2. States
  3. Georgia
  4. ZIP 31401
  5. Housing & Real Estate
Savannah city, GA

ZIP 31401 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31401

Median Home Value
$477,600
Median Rent
$1,233
Affordability Snapshot
$131,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,068/mo PITI).

29%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

9.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 31401 in Savannah city, GA, a household would need roughly $131,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,068. That is about 161% above the local median household income ($50,182), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
32.9%-50% vs US avg
x
Vacancy Rate
25.8%+150% vs US avg
x
Broadband Access
89.6%+3% vs US avg
x
4+ Bedrooms
3.0%-79% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
2.4%-66% vs US avg
x
Rent Burden >30%
35.2%-29% vs US avg
x
Mortgage-Free
40.6%+6% vs US avg
x
$477,600
Home Value
$1,233
Rent
1938
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached28.5%
  • 1-unit attached10.0%
  • 2-9 units41.9%
  • 10+ units18.7%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$477,600
Median rent$1,233
Owner-occupied32.9%
Vacant25.8%
Price-to-income9.5x
Est. income to buy$131,000