Savannah - GA housing market
The Savannah metro has a typical home value of $342,336, down 2.6% from a year ago. Homes are sitting 40 days on average, buyers have negotiating room. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
Savannah housing market, October 2026
The typical Savannah home is worth $342,336 as of August 2026, down 0.3% from the prior month, down 0.9% over three months, and down 2.6% from a year ago. Over the past two years values have ranged from $342,336 to $358,336.
Homes are going pending in about 40 days, slower than the 34 days seen three months earlier. There are roughly 2,748 homes for sale, 0% more than a year ago. 28.8% of listings have taken a price cut (up from 27.6% three months ago).
Typical rent is $1,789 a month, down 0.2% year over year, which puts the price-to-rent ratio at 15.9.
At this week's 7.40% mortgage rate with 20% down ($68,467), the typical Savannah home costs about $2,324 a month including tax and insurance, which needs a household income of roughly $99,600 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($342,336) is the Zillow Home Value Index for the Savannah - GA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 2.6% over the past year. A home worth $351,474 last year is now worth roughly $342,336.
The median sale price, what homes actually close for, is $349,716. Homes are selling at 97.8% of list price, meaning buyers have room to negotiate.
Homes listed in Savannah - GA sit on the market for roughly 40 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 577 new listings hit the market each month in Savannah - GA. There are currently 2,748 homes for sale, up 0.0% from a year ago.
The typical monthly rent in Savannah - GA is $1,789, down 0.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.9x, toss-up (#124 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,896 a month in principal and interest, $107 more than renting before taxes, insurance and upkeep. The two break even at a 6.82% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in GA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Atlanta - GA | $377,428 | -1.6% | 42.0d |
| Augusta - GA | $252,841 | +2.8% | 31.0d |
| Columbus - GA | $210,990 | +3.8% | 20.0d |
| Macon - GA | $200,076 | +3.2% | 31.0d |