Cap Rate in Savannah, GA

2026 Market Overview for Real Estate Investors

Avg Cap Rate

5.9%

#29 of 50 markets

Median Home Price

$275,000

Purchase price

Median Monthly Rent

$1,450

$17,400/yr gross

Rent-to-Price Ratio

0.53%

Moderate

Cap Rate Rating

Moderate

Typical for stable markets with moderate growth potential. Balanced risk-return profile.

Market Snapshot

Population	147,780
5-Year Population Growth	+6.5%
Median Household Income	$48,000
Vacancy Rate	6.8%
Property Tax Rate	1.05%($2,888/yr)

Investor Takeaway

Savannah benefits from port expansion, tourism, and military presence at Fort Stewart. The short-term rental market adds upside for properties in the historic district.

Quick Math

Estimated annual numbers for a median-priced property in Savannah, GA before financing:

Annual Gross Rent$17,400

Less Vacancy (6.8%)($1,183)

Less Property Tax (1.05%)($2,888)

Less Est. Insurance + Maintenance($5,500)

Estimated NOI$7,829

Implied Cap Rate2.8%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.