Savannah, GA home prices
Typical home $340,186 · -2.7% in a year · income needed $95,900
The Savannah, GA metro area ranks 238 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -2.7% in a year and +31.1% over five years. With 20% down at 7.11%, the typical home costs about $2,239 a month including 0.84% property tax (Chatham County rate).
Mortgage on the typical Savannah home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $68,037 | $272,148 | $1,831 | $0 | $408 | $2,239 | $95,900 |
| 10% down | $34,019 | $306,167 | $2,060 | $128 | $408 | $2,595 | $111,200 |
| 5% down | $17,009 | $323,176 | $2,174 | $135 | $408 | $2,717 | $116,400 |
| 3.5% down (FHA) | $11,906 | $334,024 | $2,247 | $150 | $408 | $2,806 | $120,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.84% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Savannah area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chatham County, GA | $332,415 | -3.4% | 0.84% |
| Effingham County, GA | $334,444 | -1.7% | 0.9% |
| Bryan County, GA | $397,396 | -1.2% | 0.78% |
What can you afford in Georgia on your salary? · Georgia home prices · Salaries in Georgia
Frequently asked questions
How much is a house in Savannah?
The typical home in the Savannah, GA metro area is worth $340,186 (Zillow, September 2026).
What salary do you need to buy a house in Savannah?
About $95,900 a year for the typical home with 20% down at 7.11%.