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 |
|---|---|---|---|---|
| 1BR | $1,880 | $191,066 | 0.98% | C |
| 2BR | $2,050 | $269,609 | 0.76% | D |
| 3BR | $2,670 | $423,559 | 0.63% | D |
| 4BR | $3,030 | $586,084 | 0.52% | F |
| 5BR | $3,515 | $859,064 | 0.41% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 31410 in Savannah, GA, hinges on the balance between yield and stability. The Federal Market Rent (FMR) for the fiscal year 2024 is set at $1,710, while the market rent stands at $1,875. This indicates a relatively high yield potential for landlords, with the market rent being approximately $165 higher than the FMR. However, the median home value of $448,351 suggests that this area is not typically associated with low-cost properties, which could limit the appeal for high-yield flipping strategies.
On the stability axis, the data points towards a moderate level of stability. With 21.8% of residents being renters, there is a notable but not overwhelming presence of rental demand. The 34-day Days on Market (DOM) figure reflects a fairly quick turnover rate for rental listings, which is positive for landlords looking for consistent occupancy. Additionally, the average household income of $97,807 provides a solid financial foundation for tenants to meet their rental obligations, enhancing the overall stability of the rental market.
Given these metrics, ZIP 31410 can be classified as a steady-cashflow zone rather than a high-yield/low-stability flip-style market. While the yield is decent, with the market rent exceeding the FMR, the relatively high home values suggest that the primary focus should be on long-term investments rather than short-term flips. The stability indicators, including the moderate rental population and strong average income, support the notion that this area is suitable for generating reliable cash flow over time.
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.