The typical owner-occupied home in Savannah is worth about $165,300, 23% below the Ohio median of $214,800 and 50% below the national median of $332,700. Owners pay a median $1,269 a year in property taxes, about 0.77% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $73,750 a year, so the median home costs 2.2 times the median income (3.0 times for Ohio). 77% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Savannah at a glance
| Savannah | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $165,300 | $214,800 | $332,700 |
| Median property tax paid per year | $1,269 | $2,822 | $3,119 |
| Property tax as a share of value | 0.77% | 1.31% | 0.94% |
| Median household income | $73,750 | $71,389 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 65% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 18.6% | 21.0% |
| Median rent | $904 | $1,034 | $1,413 |
| Rent as a share of renters' income | 19.3% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 8.6% | 8.1% | 10.1% |
| Population | 306 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Savannah
At this week's average 30-year rate of 7.11%, buying the median Savannah home of $165,300 with 20% down costs about $1,065 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,340, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $45,623 for the 20%-down payment. That payment is 17% of the median Savannah household income of $73,750; at that income and 20% down, the 28% guideline points to a home of about $267,000.
The median rent here is $904 a month, so owning the median home costs about $161 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,060 |
|---|---|
| Loan amount | $132,240 |
| Principal and interest | $890 |
| Property taxes (0.77% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,065 |
Change the numbers in the calculator
| Down payment | $5,786 |
|---|---|
| Loan amount | $162,306 |
| Principal and interest | $1,092 |
| Property taxes (0.77% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,340 |
Change the numbers in the calculator
Questions about home buying in Savannah
What is the median home value in Savannah?
About $165,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Savannah?
Homeowners pay a median $1,269 a year, which is about 0.77% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Savannah?
For the median home with 20% down at 7.11%, the payment is about $1,065 a month. Keeping that under 28% of gross income takes about $45,623 a year.
More about Savannah
- Mortgage Refinance in Savannah
- Debt Relief in Savannah
- Home Equity Loans in Savannah
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data