Foreclosure Homes in Savannah, GA 31406

Current Market Conditions in Savannah, GA

The Savannah real estate market has shown consistent growth in recent years, with an increasing demand for both single-family homes and rental properties. The historical appeal of the city coupled with its coastal location attracts buyers from various regions, contributing to the area's appreciation in property values.

In the current market, homes are selling quickly due to low inventory levels, especially in the historic district. New developments are underway to accommodate the growing population and tourist influx, which is anticipated to continue boosting the local economy and real estate sales.

Rent Prices 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 $1,385.00. 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 $1,280.00. 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.