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 | $1,620 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,600 |
| 4 Bedrooms | $3,000 |
| 5 Bedrooms | $3,480 |
| 6 Bedrooms | $3,898 |
| 7 Bedrooms | $4,210 |
| 8 Bedrooms | $4,421 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,940 | $570,867 | 0.34% | F |
| 3BR | $2,600 | $827,574 | 0.31% | F |
| 4BR | $3,000 | $1,116,216 | 0.27% | F |
| 5BR | $3,480 | $1,556,343 | 0.22% | F |
U.S. Census Bureau data (2024)
In Skidaway Island, Georgia (ZIP 31411), the real estate market presents a nuanced picture that is particularly relevant for landlords and small-portfolio investors. The median home value stands at $904,733, indicating a high-end residential market. This premium valuation is further supported by the fact that only 0.3% of listings have seen price reductions, a figure that underscores the resilience and strength of property values in this area.
The median days on market (DOM) of 35 days suggests that homes are selling relatively quickly. This rapid turnover can be attributed to the robust demand for properties in Skidaway Island, where the housing stock is limited and highly desirable. The combination of a high median home value, minimal price reductions, and quick sales cycles points to a market with significant pricing power. Landlords and investors can expect to maintain or even increase their rental rates without fear of losing tenants to the ownership market, given the disparity between the Fair Market Rent (FMR) and the actual market rent.
The FMR for ZIP 31411 in fiscal year 2024 is set at $2170, whereas the Census ACS data indicates a market rent of $3,501. This substantial gap of $1,331 between the FMR and the actual market rent signals strong demand for rental properties, especially those that cater to the higher end of the market. Investors should take note of this trend, as it implies a consistent demand for rental units that can command higher rents, providing a steady income stream.
For long-term investors, the setup in Skidaway Island suggests a realistic appreciation thesis. The high median home value and limited supply of homes indicate that any increase in demand could lead to further price appreciation. However, the current low rate of price reductions and quick sales cycles also imply that the market is already tight, leaving little room for sudden spikes in value. Instead, investors should anticipate a gradual and steady appreciation, driven by the sustained demand for both ownership and rental properties in this exclusive island community.
The market dynamics in Skidaway Island, characterized by its high median home value, minimal price reductions, and quick sales cycles, support a scenario where landlords and small-portfolio investors can leverage their assets effectively. With a significant difference between FMR and market rent, there is a clear opportunity to generate above-average rental income, which can offset the higher costs associated with property ownership in this affluent area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.