Real Estate Market Update for 31405 (Savannah, GA)
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 54% from one year earlier, and up 25% 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 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 38%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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.
Map Information for 31405 (Savannah, GA)
Area Information for 31405 (Savannah, GA)
  • Population: 37,356
  • Median Age: 33.08 yr
  • Median Commute Time: 16.57 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,244/sq mi
  • Population Change Since 2000: 18.88%
  • Closest Airport: Savannah/hilton Head International
  • Closest College: Armstrong Atlantic State University
  • Closest Jr. College: Savannah Technical College
  • Median Household Income: $40,384
  • Annual Residential Turnover: 15.21%
  • Median Years in Residence: 4.53 yr
  • Median Home Sales Price: $155,100
  • Closest Major Sports Team: Jacksonville Suns
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 31405 (Savannah, GA)
Median Age: 33.08 Married: 26% Number of Households: 14,191 Households with Children: 4,525
Community:
    • 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 31405 (Savannah, GA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Coastal Empire Montessori Charter School 0.9 mi Public PRESCHOOL-4 1 5
      Gould Elementary School 1.3 mi Public PRESCHOOL-5 1 3
      Urban Christian Academy 1.5 mi Private PRESCHOOL-12 0 3
      Haven Elementary School 2.6 mi Public PRESCHOOL-5 1 2
      Hodge Elementary School 3.1 mi Public PRESCHOOL-5 1 5
      Pulaski Elementary School 3.1 mi Public PRESCHOOL-5 0 3
      Derenne Middle School 3.2 mi Public 6-8 0 3
      Beach High School 3.3 mi Public 9-12 2-5 3
      Savannah Gateway To College 3.3 mi Public 9-12 0 0
      Ramah Junior Academy 3.4 mi Private PRESCHOOL-10 0 5
      Matthew Reardon Center Advance Academy 3.4 mi Private UNGRADE-UNGRADE 0 0
      Rambam Day School 3.5 mi Private PRESCHOOL-8 0 0
      Memorial Day School 3.6 mi Private PRESCHOOL-12 0 3
      Jacob G. Smith Elementary School 3.8 mi Public PRESCHOOL-5 5 4
      Heard Elementary School 3.9 mi Public PRESCHOOL-5 3 4
      Ellis Elementary School 4.1 mi Public PRESCHOOL-8 4 4
      Savannah Arts Academy 4.4 mi Public 9-12 5 5
      Blessed Sacrament School 4.8 mi Catholic PRESCHOOL-8 0 5
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 31405 (Savannah, GA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.