Real Estate Market Update for 31401 (Savannah, GA)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was up nearly 150% from one year earlier, and up 43% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 390-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The number of units sold was consistent year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 31401 (Savannah, GA)
Area Information for 31401 (Savannah, GA)
  • Population: 21,618
  • Median Age: 27.15 yr
  • Median Commute Time: 15.88 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 4,518/sq mi
  • Population Change Since 2000: 2.31%
  • Closest Airport: Savannah/hilton Head International
  • Closest College: Savannah College Of Art And Design
  • Closest Jr. College: Savannah Technical College
  • Median Household Income: $21,140
  • Annual Residential Turnover: 17.37%
  • Median Years in Residence: 2.59 yr
  • Median Home Sales Price: $187,700
  • Closest Major Sports Team: Jacksonville Suns
  • Change Avg. Household Income Since 2000: 11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 31401 (Savannah, GA)
Median Age: 27.15 Married: 14% Number of Households: 9,253 Households with Children: 1,729
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 31401 (Savannah, GA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St Vincent's Academy 0.3 mi Catholic 9-12 0 4
      Veritas Academy 0.3 mi Private PRESCHOOL-12 0 0
      Esther F. Garrison School Of Visual And Performing 0.5 mi Public PRESCHOOL-8 4 5
      East Broad Street School 0.5 mi Public PRESCHOOL-8 0 5
      Savannah Corporate Performance Learning Academy 0.5 mi Public - 0 0
      Hubert Middle School 0.8 mi Public 6-8 1 3
      Notre Dame Academy 0.8 mi Catholic PRESCHOOL-8 0 4
      Savannah Classical Academy 1.0 mi Public K-7 0 0
      St Paul Academy 1.2 mi Private 3-12 0 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for 31401 (Savannah, GA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.