The story of this market
The typical home in ZIP 31415 sells for about $164,951, or $123 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,058 a month.
ZIP 31415 — Savannah
The 31415 housing market is currently a buyer's market characterized by balanced demand and a slower pace of sales compared to the previous year. While prices have seen a modest year-over-year increase, the rise in days on market suggests that buyers are exercising more caution. Economic factors, including local industrial growth, continue to support the market, but affordability remains a challenge for many residents.
This ZIP code is primarily suited for budget-conscious buyers and investors looking for entry-level historic properties or renovation opportunities near the urban core.
Median prices moved up 3.1% year over year.
Homes spend a median of 92 days on market with 2.5 months of supply — a balanced-paced market.
10% 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 12.7% · poverty 26.2% — elevated distress and economic pressure.
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 7.6%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 31415, 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 31415 area are notably higher than the regional average for the Savannah metro area, with property and violent crime trends remaining a consistent concern for local residents.
Public schools serving the 31415 ZIP code generally receive lower performance ratings compared to the broader Chatham County district, reflecting challenges in academic achievement and resource allocation.
The area faces significant flood risk due to its low-lying coastal geography and proximity to the Savannah River, necessitating mandatory flood insurance for many properties in the floodplain.
Economic momentum is driven by proximity to the Port of Savannah and downtown employment hubs, though residential development within the ZIP remains largely infill-focused rather than large-scale expansion.
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 benefit from a short average commute time of approximately 19 minutes, with direct access to downtown Savannah via major arterial roads and local transit corridors.
The area features several local parks and community centers, with proximity to the historic downtown Savannah shopping and dining districts within a 3-mile radius.
The rental market is characterized by high demand and limited supply, with rents showing a slight downward trajectory recently despite persistent vacancy pressure.
The local economy is heavily influenced by the Port of Savannah, manufacturing, and the tourism industry centered in nearby downtown Savannah.
The area is served by a network of local roads and is well-connected to the Savannah transit system, facilitating access to the regional employment core.
Development is focused on urban infill and the revitalization of historic residential areas, with limited large-scale greenfield projects.
The Chatham County Board of Assessors manages property valuations, utilizing annual assessments to determine tax liabilities.
Parcels are subject to Savannah-Chatham County Public School System levies and standard municipal utility districts.
Property insurance premiums are elevated due to the area's classification as a high-risk flood zone and exposure to coastal storm events.
Georgia continues to see positive net domestic migration, driven by job growth in the coastal and metro regions.
Georgia is a non-judicial foreclosure state, allowing for relatively expedited processes for lenders.
Sellers are required to provide a property disclosure statement covering known material defects at the time of sale.
Data retrieved from Census Reporter and ACS 2024 tables.
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 Park4.11.9 mi
- Fun Zone4.76.6 mi
- Exhilarate - The Adventure Zone4.35.8 mi
- Chuck E. Cheese3.74.1 mi
- The Escape Company4.71.8 mi
- Savannah Convention Center4.52.3 mi
- Enmarket Arena4.30.8 mi
- Vic's On the River4.42.1 mi
- Harbour Town Lighthouse4.518.8 mi
- Grayson Stadium4.83.4 mi
- Forsyth Park4.81.7 mi
- The Cathedral Basilica of St. John the Baptist4.82 mi
- Chippewa Square4.71.9 mi
- Skidaway Island State Park4.79.2 mi
- Royal Cinemas 14 & World’s Tallest IMAX4.59 mi
- Wormsloe State Historic Site4.57.4 mi
- Chippewa Square4.71.9 mi
- Tybee Island Light Station & Museum4.716.7 mi
- Harbour Town Lighthouse4.518.8 mi
- Tybee Beach Pier and Pavilion4.617.3 mi
- Forsyth Park4.81.7 mi
- Wormsloe State Historic Site4.57.4 mi
- Bonaventure Cemetery4.74.8 mi
- Chippewa Square4.71.9 mi
- Skidaway Island State Park4.79.2 mi
- The Salty Dog Cafe4.317.8 mi
- Thunderbolt Marine Inc. & Thunderbolt Marina4.65.6 mi
- Safe Harbor Savannah Yacht Center4.61.8 mi
- Bull River Marina4.910.1 mi
- Coffee Bluff Marina4.79.6 mi
- Crosswinds Golf Club4.47.6 mi
- The Club At Savannah Harbor4.42.7 mi
- Southbridge Savannah Golf Club3.55.9 mi
- Henderson Golf Course4.19.6 mi
- Bacon Park Golf Course3.85.2 mi
- Tanger Outlets Savannah4.58.1 mi
- Oglethorpe Mall4.34.9 mi
- City Market4.61.8 mi
- Publix Super Market at Twelve Oaks Shopping Center4.53.5 mi
- Publix Super Market at Pooler Marketplace4.68.5 mi
- Savannah/Hilton Head International Airport4.55.9 mi
- Hilton Head Island Airport3.927.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic neighborhood known for its unique architectural character.
Provides regional recreational access and serves as a major economic anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.