This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Savannah, Georgia Home Affordability

The data below measures home affordability for the Savannah, Georgia metropolitan area using price-to-income and price-to-rent metrics.¹ The maximum affordable loan amount for the median household income is also calculated. You can also compare Savannah home affordability to other cities.

Savannah, Georgia Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Savannah HPI series. Median household income data for Savannah is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Savannah, Georgia Home Price-to-Income Ratio History

Savannah, Georgia Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Savannah median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Savannah, Georgia Home Price-to-Rent Ratio History

Savannah, Georgia Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Savannah, Georgia and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Savannah, Georgia Inferred Affordable Mortgage History