Market Overview
Home Prices in Savannah, GA
The median home value in Savannah, GA is $326,616 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.9% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Savannah are priced20% below average. Savannah is part of the Savannah, GA metro area.
Over the past five years, Savannah home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Savannah Home Price Trend
City Comparison
Savannah vs. National Median
At $326,616, homes in Savannah cost 20% below the national median of $410,000. This makes Savannah a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Savannah?
20% Down Payment
$65,323
on $326,616
Monthly P&I
$1,703/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,163/mo
incl. taxes & insurance
Income Needed
$86,520
gross annual (30% rule)
10% Down Option
$32,662
+ PMI applies
Loan Amount (20% dn)
$261,293
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Savannah, GA?
The median home value in Savannah is $326,616 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.9% year-over-year.
How much have home prices changed in Savannah?
Over the past year, home values in Savannah have decreased by 2.9%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Savannah?
To comfortably afford the median home price of $326,616 with a 20% down payment ($65,323) at today's rates (6.8%), you'd need a gross annual income of approximately $86,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Savannah compare to the national average home price?
The national median home value is approximately $410,000. At $326,616, homes in Savannah are 20% below the national average.
What metro area is Savannah part of?
Savannah is part of the Savannah, GA metropolitan area. Home prices and market conditions can vary across the broader metro region.