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.
Across 160 active STR-viable listings analyzed this month, Savannah shows a 5.2% median cap rate at a $799K median list price, 49% occupancy, and $373/night. That ranks #9 of 57 markets in STRROI's live ranking. At typical prices the income covers expenses with a moderate margin; deals work best with a solid down payment or a below-market purchase.
Savannah real estate market right now
As of October 17, 2026, STRROI is tracking 160 homes for sale in Savannah that could run as short-term rentals, at a median list price of $799,000. The middle half are priced between $525K and $1.3M. That works out to a median of $471 per square foot for a typical 2,118 square foot home. Homes here have been on the market 96 days on average, close to the 101 days typical across the 56 markets in STRROI's ranking. 59 of them were listed in the last 30 days.
These numbers cover the homes for sale STRROI analyzes as potential short-term rentals in Savannah, mainly ZIP 31401. They are not every home sale in the area, so they can differ from MLS-wide figures. Month-by-month price history starts Oct 2026 and fills in as the market is re-checked each month.
What's for sale in Savannah right now
Of the 160 homes for sale we analyzed in Savannah, 55 (34%) project positive monthly cash flow with 20% down at a 7.5% rate, and 12 rate Buy or better on STRROI's 1-10 scale. 3-bedroom homes are the most common (49 for sale, median $1000K). Returns are strongest in 5+ bedroom homes at a 7.4% median cap rate, and weakest in 3-bedroom homes at 4.9%. By property type, multi-family lead at a 9.1% median cap rate across 37 listings.
- Strong Buy: 3
- Buy: 9
- Moderate Buy: 7
- Watch: 10
- Weak: 80
- Avoid: 51
| Beds | For sale | Median price | Cap rate |
|---|---|---|---|
| 1 | 11 | $450K | 5.0% |
| 2 | 38 | $632K | 5.4% |
| 3 | 49 | $1000K | 4.9% |
| 4 | 28 | $822K | 6.4% |
| 5+ | 33 | $1.4M | 7.4% |
| Type | For sale | Median price | Cap rate |
|---|---|---|---|
| Single-family homes | 41 | $725K | 6.3% |
| Townhouses | 41 | $1.1M | 3.9% |
| Condos | 41 | $575K | 5.0% |
| Multi-family | 37 | $750K | 9.1% |
Top-ranked homes for sale in Savannah this month
Scored 1-10 against real Airbnb comps. Addresses, photos and the full underwriting are in the app.
- #1Strong Buy · 9/104 bd · 2 ba multi-family propertyZIP 31401 · listed at $499K
- Cap rate
- 12.7%
- Cash flow
- +$2,508/mo
- Nightly
- $308 at 49%
- #2Strong Buy · 9/104 bd · 2 ba multi-family propertyZIP 31401 · listed at $715K
- Cap rate
- 9.8%
- Cash flow
- +$1,828/mo
- Nightly
- $344 at 49%
- #3Strong Buy · 9/104 bd · 2 ba multi-family propertyZIP 31401 · listed at $750K
- Cap rate
- 9.3%
- Cash flow
- +$1,619/mo
- Nightly
- $344 at 49%
How Savannah compares
Savannah ranks #3 of 21 Southeast markets in STRROI's live ranking; St. Augustine leads the region with a median cap rate of 5.7%. Its 5.2% cap rate is 2.3 points above the 2.9% median across all 57 ranked markets, and its $799K typical list price is pricier than the Southeast median of $633K.
| Rank | Market | Cap rate | Typical price |
|---|---|---|---|
| #5 | St. Augustine, FL | 5.7% | $300K |
| #7 | New Orleans, LA | 5.7% | $450K |
| #9 | Savannah, GA | 5.2% | $799K |
| #11 | Key West, FL | 4.9% | $860K |
| #14 | Panama City Beach, FL | 4.4% | $465K |
| #15 | Myrtle Beach, SC | 4.4% | $315K |
| #21 | Gulf Shores, AL | 3.7% | $499K |
Rank is national, by median cap rate across active STR-viable listings. Cash flow uses STRROI's default financing assumptions. See the full ranking
Estimated Annual Performance
* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.
Why Investors Choose Savannah
Savannah STR investing, answered
Is Savannah, GA a good short-term rental market?
Savannah is a Southeast STR market with a 5.2% median cap rate, 49% annual occupancy, and $373/night across STR-viable listings, based on 160 active listings. It ranks #9 of 57 markets by median cap rate in STRROI's live ranking. This month 12 of its 160 homes for sale rate Buy or better.
What is the average Airbnb occupancy rate in Savannah?
STR-viable properties in Savannah average about 49% occupancy across the year. Peak season is Mar (St. Patrick's Day), Apr-May, Sept-Nov. Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.
How much do short-term rentals earn in Savannah?
At $373/night and 49% occupancy, a typical Savannah STR grosses roughly $66,030 per year before expenses, leaving an estimated $39,618 in net operating income. Across analyzed listings the median cap rate is 5.2%. Individual results depend on property, amenities, and management.
What types of properties work best for STR in Savannah?
Among homes for sale right now, 5+ bedroom homes post the strongest median cap rate by size (7.4%), and multi-family lead by property type (9.1%). With guests, the best-performing STR types here are Historic Home, Rowhouse, Cottage, Condo. Matching the local guest profile and the amenities that drive bookings matters more than raw square footage.
How many homes for sale in Savannah cash flow as an Airbnb?
55 of 160 STR-viable listings (34%) project positive monthly cash flow after the mortgage, assuming 20% down at a 7.5% rate on a 30-year loan. The top-ranked listing this month is a 4-bedroom multi-family property in ZIP 31401 listed at $499K, projecting a 12.7% cap rate and +$2,508 a month.
What is the median home price in Savannah, GA right now?
The median list price of the 160 homes for sale STRROI tracks in Savannah is $799,000, and the middle half are priced between $525K and $1.3M. The median price per square foot is $471. These are homes that could run as short-term rentals, mainly ZIP 31401, not every sale in the area. Against a 5.2% median cap rate, that price level sets the return baseline you'd underwrite against.
How long do homes stay on the market in Savannah?
Homes for sale in Savannah have been listed 96 days on average, close to the 101 days typical across the 56 markets in STRROI's ranking. 59 of them were listed in the last 30 days.
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.Stats sourced from 160 active listings · last updated Oct 17, 2026
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