The story of this market
The typical home in ZIP 31406 sells for about $330,000, or $215 per square foot.
Prices are down 12.05% from a year ago, which gives buyers more room to negotiate. Homes take about 71 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,392 a month.
ZIP 31406 — Savannah
The 31406 housing market is experiencing a period of price stabilization following a year-over-year decline, with inventory levels rising to provide more options for buyers. While days on market have increased, the market remains active with a sale-to-list ratio near 100%.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and access to Savannah's urban amenities, offering a range of housing price points.
Median prices moved down 12.1% year over year.
Homes spend a median of 71 days on market with 4.2 months of supply — a balanced-paced market.
26% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 14.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 31406, Chatham County GA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Savannah area are generally higher than national averages, with localized variations in safety across the city's diverse neighborhoods.
Schools serving the 31406 area are part of the Savannah-Chatham County Public School System, which offers a mix of magnet and neighborhood schools with varying performance ratings.
The area is subject to coastal flood risks and hurricane-related wind exposure, necessitating flood insurance for many properties in low-lying zones.
Economic momentum is driven by the Port of Savannah, tourism, and regional healthcare expansions, with ongoing residential development in the surrounding Chatham County periphery.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Georgia) — Homestead Exemption: Provides a reduction in the assessed value of the property; the state standard exemption is $2,000, which is subtracted from the assessed value before the millage rate is applied. State (Georgia) — Ad Valorem Property Tax Assessment: Taxable tangible property is assessed at 40 percent of its fair market value. The formula for tax due is: ((Fair Market Value * 0.40) - Exemptions) * Millage Rate.
Residents typically commute via the Truman Parkway or Abercorn Street to reach downtown Savannah's employment core, with average commute times around 22-23 minutes.
The area features proximity to the Ogeechee River, various community parks, and easy access to shopping centers along the Abercorn corridor.
The rental market shows high demand with a significant share of renter-occupied units, though rent growth has stabilized recently.
The economy is anchored by the Georgia Ports Authority, Gulfstream Aerospace, and a robust tourism and hospitality sector.
The area is served by a network of arterial roads including Abercorn Street and the Truman Parkway, with limited public transit options compared to the city center.
Ongoing residential infill and commercial redevelopment projects are active along the major transit corridors bordering the ZIP.
The Chatham County Board of Assessors manages property valuations, with annual reassessments based on market sales data.
Parcels are subject to Savannah-Chatham County Public School System taxes and various municipal service districts.
Property insurance premiums are influenced by coastal hazard zones and the requirement for wind/hail coverage.
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Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Sky Zone Trampoline Park4.15.6 mi
- Fun Zone4.711.9 mi
- Exhilarate - The Adventure Zone4.32.7 mi
- Chuck E. Cheese3.72.5 mi
- The Escape Company4.76.6 mi
- Savannah Convention Center4.56.8 mi
- Enmarket Arena4.36.3 mi
- Vic's On the River4.46.6 mi
- Harbour Town Lighthouse4.519.2 mi
- Grayson Stadium4.84.1 mi
- Forsyth Park4.85.7 mi
- The Cathedral Basilica of St. John the Baptist4.86.1 mi
- Chippewa Square4.76.2 mi
- Skidaway Island State Park4.72.9 mi
- SCAD Museum of Art4.56.4 mi
- Wormsloe State Historic Site4.51.3 mi
- Chippewa Square4.76.2 mi
- Tybee Island Light Station & Museum4.714.3 mi
- Harbour Town Lighthouse4.519.2 mi
- Tybee Beach Pier and Pavilion4.614.1 mi
- Forsyth Park4.85.7 mi
- Wormsloe State Historic Site4.51.3 mi
- Bonaventure Cemetery4.74.6 mi
- Chippewa Square4.76.2 mi
- Skidaway Island State Park4.72.9 mi
- The Salty Dog Cafe4.317.8 mi
- Thunderbolt Marine Inc. & Thunderbolt Marina4.63.5 mi
- Safe Harbor Savannah Yacht Center4.67.8 mi
- Bull River Marina4.98.2 mi
- Coffee Bluff Marina4.75.2 mi
- The Club At Savannah Harbor4.47 mi
- Southbridge Savannah Golf Club3.59.9 mi
- Henderson Golf Course4.110.7 mi
- Bacon Park Golf Course3.81.5 mi
- The Savannah Golf Club4.75.8 mi
- Oglethorpe Mall4.32.1 mi
- City Market4.66.6 mi
- Publix Super Market at Twelve Oaks Shopping Center4.53 mi
- T.J. Maxx4.22 mi
- Parker's Market3.56.2 mi
- Savannah/Hilton Head International Airport4.512 mi
- Hilton Head Island Airport3.928.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational boating and fishing access.
Major retail and dining hub serving the southern Savannah area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.