Location: Savannah, GA | Metro: Savannah, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,500 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
The ZIP code 31416, located in Georgia, is part of a region that offers a mix of suburban and rural living conditions. The area is characterized by its relatively low population density and a moderate cost of living compared to larger urban centers in the state.
Given the available data, the most reliable figure for investors is the Fair Market Rent, which indicates that a 1-bedroom apartment should rent for $1450 monthly. This suggests that the rental market is stable and can support properties at this price point. However, the lack of other key metrics such as median home values, renter share, days on market, and median income makes it challenging to fully assess the investment potential. Landlords and small-portfolio investors should focus on securing properties that can be rented out at or near the FMR and consider diversifying their investments to mitigate risks associated with incomplete market data.
Data Sources: FMR data from HUD (2027).
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.