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Savannah, GA mortgage & affordability calculator

The typical home in Savannah, GA is worth about $330,000. With 20% down that's a loan near $264,000 — the calculator is pre-filled with that figure. The Port of Savannah is one of the busiest container ports in the country, and the resulting warehouse and logistics boom has pulled prices up well above the rest of Georgia outside Atlanta. Coastal hurricane exposure makes insurance a bigger factor here than in Georgia's inland metros.

$1,714.05 / month

Total interest
$353,063
Total paid
$617,063
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$66k$132k$198k$264k0612182430Year

How much you need to earn

Savannah, GA's median household income is about $62,000 a year. Under standard 28/36 lending rules that supports a home price around $219,443 with 20% down — below the $330,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$219,522 max home price

Max loan amount
$153,522
Housing payment budget
$1,447
P&I budget
$997
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Savannah, GA is about $1,700 a month, so owning the median home costs roughly $464 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Savannah, GA?
On the metro's roughly $330,000 typical home with 20% down, the loan is about $264,000. Principal and interest run near $1,714 a month at today's rate, and Savannah, GA's property tax plus insurance add about $450, for a full payment near $2,164.
Can I afford a home in Savannah, GA on the median income?
The median household income is about $62,000 a year. Under standard 28/36 lending rules that supports a home price around $219,443 with 20% down — below the $330,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Savannah, GA?
Typical asking rent is about $1,700 a month. The full owner payment on a median home is near $2,164, so owning costs roughly $464 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Savannah, GA?
The effective property tax rate in the core county is about 0.85% of market value — roughly $2,805 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Savannah, GA rising or falling?
Home values are up about 3% over the past year. The Port of Savannah is one of the busiest container ports in the country, and the resulting warehouse and logistics boom has pulled prices up well above the rest of Georgia outside Atlanta. Coastal hurricane exposure makes insurance a bigger factor here than in Georgia's inland metros.

Nearby metros

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