Location: Savannah, GA | Metro: Savannah, GA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,810 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,050 |
| 3 Bedrooms | $2,670 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,050 | $215,476 | 0.95% | C |
| 3BR | $2,670 | $290,348 | 0.92% | C |
| 4BR | $3,030 | $344,565 | 0.88% | C |
| 5BR | $3,515 | $405,170 | 0.87% | C |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 31407, located in Port Wentworth, Georgia, within the Savannah, GA MSA, reveals several key points that can inform investment decisions. The HUD Fair Market Rent (FMR) for the area, set at $1680 for FY 2024, slightly exceeds the market rent of $1,645, as indicated by ZORI (Zillow's Observed Rent Index). This means that voucher tenants would provide marginal positive cash flow, assuming landlords charge close to the market rate.
To further understand the potential returns, consider the median home value in the area, which stands at $313,348. Using this figure, we can calculate the rent-to-price ratio, which comes out to approximately 0.59%. This ratio suggests that the rental income generated from properties in this ZIP code is relatively low compared to the purchase price, indicating that the primary benefit for investors will be through steady rental income rather than high yields.
The dynamics between renting and buying in the area do not significantly impact investment strategies, given that the median Days on Market (DOM) is listed as N/A, and the share of listings making price cuts is an insignificant 0.3%. These factors imply a stable housing market where neither buyers nor sellers are under significant pressure, which can be beneficial for maintaining consistent property values and occupancy rates.
In conclusion, the strongest investor angle in ZIP 31407 is likely to be stability. While the cash flow from voucher tenants is positive, albeit marginal, the low risk associated with property value fluctuations and the robust demand for rental housing make this area a reliable choice for long-term investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.