Southeast7.9% avg cap rate

Savannah, GA

Georgia's most walkable city — historic district STR gem

Savannah's stunning historic district — 22 squares, antebellum mansions, and Spanish moss-draped streets — has made it one of the fastest-growing STR markets in the South. The city draws over 14 million visitors annually and has a strong arts, food, and design tourism profile. The Savannah College of Art and Design brings a creative economy that supports year-round demand even outside peak season.

7.9%
Avg Cap Rate
Net operating income / price
70%
Avg Occupancy
Annual average
$275
Avg Nightly Rate
All property types
$420K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
70% occ × $275/night
$70,263
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $28,105
Est. net operating income
Before mortgage & depreciation
$42,158
At median price
Implied cap rate
10.0%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Savannah

14M+ annual visitors to the Historic District
SCAD drives year-round arts and design tourism
Historic district homes command strong listing premiums
St. Patrick's Day week rivals Mardi Gras in ADR impact
Peak season: Mar (St. Patrick's Day), Apr–May, Sept–Nov
Top property types: Historic Home, Rowhouse, Cottage, Condo
Primary zip: 31401, 31404, 31405, 31419

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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