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Savannah city, GA

ZIP 31406 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31406

Median Home Value
$260,800
Median Rent
$1,108
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,675/mo PITI).

20%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.6 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 31406 in Savannah city, GA, a household would need roughly $72,000 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 $1,675. That is roughly in line with the local median household income ($66,084). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
58.4%-11% vs US avg
x
Vacancy Rate
8.2%-21% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
26.5%-47% vs US avg
x
Mortgage-Free
36.1%-6% vs US avg
x
$260,800
Home Value
$1,108
Rent
1979
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached68.0%
  • 1-unit attached3.9%
  • 2-9 units15.5%
  • 10+ units10.3%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$260,800
Median rent$1,108
Owner-occupied58.4%
Vacant8.2%
Price-to-income3.9x
Est. income to buy$72,000