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Savannah, GA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,802
Monthly Cash Flow
-$201
Principal + Equity
$2,305
Annual Total Gain
$25,244
Cash on Cash
-2.94%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$244
Occupancy Rate
64.52%
Monthly Revenue
$4,128
Monthly Cash Flow
$1,506
Principal + Equity
$2,305
Annual Total Gain
$45,722
Cash on Cash %
22.04%
Net ROI %
Market Health & Growth
Median Income
$56,782
Population
147,546
LTR Renter %
55.62%
Forecast (1 yr)
3.24%
Appreciation (1 yr)
-2.97%
Appreciation (5 yr)
59.92%
Appreciation (10 yr)
106.33%
Job Growth
0.58%
LTR Rentability
Very Low
STR Demand
81
STR Rentals
3,753
Top Public Schools
ASavannah Arts Academy
A-Frances Meeks Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#100out of 229 markets
Best Cities to Retire in America
#66out of 229 markets
Best Cities for Young Professionals in America
#78out of 229 markets
C-
Public School
D
Crime And Safety
C-
Housing
A-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Savannah, GA.
In Savannah, GA, Short Term Rentals (STRs) are regulated by the city government. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning restrictions: The city of Savannah has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing requirements: In order to operate a STR in Savannah, property owners must obtain a business license and pay an annual fee. Additionally, the property must pass a safety inspection conducted by the city.
3. Occupancy limits: There are occupancy limits for STRs in Savannah, which vary depending on the size of the property. Investors should be aware of these limits and ensure they comply with them.
4. Noise regulations: Savannah has noise regulations in place to ensure that STRs do not disturb neighboring residents. Investors should be aware of these regulations and take steps to ensure their guests comply with them.
5. Taxation: Property owners who operate STRs in Savannah are required to collect and remit occupancy taxes to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
6. Homeowner association rules: If the property is located in a community with a homeowner association (HOA), investors should review the HOA rules and regulations to ensure that STRs are allowed within the community.
Overall, investors looking to purchase a property for STR purposes in Savannah should thoroughly research and understand the regulations governing short term rentals in the city to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Savannah, GA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Savannah, GA.
The LTR Genie Score of Savannah, GA is 65 and STR Genie Score is 93, indicating a moderate score for long-term rental and a very high score for short-term rental. The low LTR Rentability and LTR Rent Growth Rate contribute to the lower LTR Genie Score, while the high STR Occupancy and STR Revenue drive the high STR Genie Score. The LTR Net ROI of 30.79% is lower than the STR Net ROI of 55.77%, suggesting that short-term rental investment may be more lucrative in this market.
Savannah, GA is a historic city known for its charming architecture, rich history, and vibrant culture. The city attracts tourists year-round, making it a potentially lucrative market for short-term rental investments. Additionally, Savannah's 1-Year Price Appreciation Forecast of 3.24% indicates a stable real estate market with potential for growth.
Based on the metrics provided, Savannah, GA appears to be more attractive for short-term rental investment rather than long-term rental investment. Real estate investors may consider exploring opportunities in the short-term rental market in Savannah to potentially maximize their ROI.
LTR Genie Score 93
$185,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,251 sqft.🏠 SINGLE FAMILY