There are currently 70,473 real estate properties in Savannah, GA, with a median automated valuation model (AVM) price of $305,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Savannah, GA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Savannah, GA, is $423,639.00, with the most expensive house in Savannah, GA, topping out at $46,787,500.00 and the cheapest home in Savannah, GA, clocking in at $17,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Savannah, GA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Savannah, GA, is on a rollercoaster ride. The average rent price in Savannah, GA, is $1,372.00. Indeed, when looking to rent in Savannah, GA, you can expect to pay as little as $580.00 or as much as $4,300.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Savannah, GA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Savannah, GA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Savannah, GA and much more. Save thousands at closing with home foreclosure listings in Savannah, GA — up to 75% off market value!
Savannah is located in Chatham, Georgia, with an estimated municipal population of 144,464 residents. All of the best foreclosed homes for sale in Savannah are located in the following zip code areas on Foreclosure.com: 31322 31409 31408 31401 31405 31404 31407 31406 31419 31415 31403 31412 31416 31418 31420 31421. The estimated population per square kilometer (.62 miles) in Savannah is 536.
So, about how much do homes cost in Savannah? The most recent median value of resident-owned homes in Savannah is 151,775. An estimated 43.8 percent of households in Savannah own their homes, with an average family size of 3.3. The median household income in Savannah is 43,307, with16.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Savannah, the median commute time of resident workers (in minutes) is 20.5. And last, but certainly not least, are you looking for homes to rent in Savannah? If so, the average rent price paid by renters in Savannah is 1,019, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Savannah, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Savannah is 32.6, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Savannah is 31.2, with an average family size of 3.3.
The percentage of residents who report their race in Savannah is as follows:
|Black / African American||53.9%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Savannah? Or maybe you are searching for 55+ active adult communities in and/or near Savannah?
The percentage of residents who report their age in Savannah is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Savannah with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Savannah.
How do you know that living in -- or moving to -- Savannah is right where you need to be? Perhaps you grew up in Savannah or already live nearby; therefore, the decision to buy a home in Savannah is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Savannah for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Savannah:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Savannah.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Savannah can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Savannah, meanwhile, can field multiple offers from more qualified buyers.
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