How much is a home worth in ZIP code 31401?

The typical home in 31401 is worth $567,034, based on the Zillow Home Value Index.

Are home values rising in 31401?

Home values in 31401 are down 3.7% over the past year, and up 3.3% a year over five years.

What is the typical rent in 31401?

A typical home in 31401 rents for about $2,138 a month, a gross rental yield of 4.5%.

What is the property tax rate in 31401?

The effective property tax rate in 31401 is 0.8% — roughly $4,680 a year on a typical home.

ZIP code 31401 has a population of 20,445 and a median household income of $52,509.

HousingHandbookReference data

…

U.S. ZIP Code · GA31401

Chatham County · Savannah, GA

Typical home value

$567,034^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.7%
5-year / yr: +3.3%
10-year / yr: +7.0%

Relative price

vs U.S.: +99.6%
vs metro: +75.8%
vs state: +121.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 31401 is worth $567,034 — 75.8% above the Savannah, GA median. Over the past year, values have fallen 3.7%. Homes here rent for a typical $2,138 a month — a 4.5% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,138^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,680^[3]

#Climate risk

FEMA National Risk Index ratings for Chatham County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Very High
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 20,445^[3]
Median household income: $52,509^[3]

#Migration

Household moves in and out of Chatham County over a year, from IRS tax-return data.

Net migration: +258^[5]
Moved in: 10,774
Moved out: 10,516

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Esther F. Garrison School for the Arts
Elementary · Grades PK–8 · Savannah-Chatham County
776 students
Hubert Middle School
Middle · Grades 6–8 · Savannah-Chatham County
420 students
Henderson E Formey Jr Early Learning Center
Elementary · Grades PK–K · Savannah-Chatham County
370 students
Savannah Classical Academy Charter School
Elementary · Grades K–8 · Savannah-Chatham County
365 students
Susie King Taylor Community School
Elementary · Grades K–8 · Savannah-Chatham County
309 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$25,657

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,867

Loan principal$453,627

Down payment$113,407

Total interest paid$578,576

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.75

Monthly cost to own$3,732

Monthly rent$2,138

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 0th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 57th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 31401?: The typical home in 31401 is worth $567,034, based on the Zillow Home Value Index.
Are home values rising in 31401?: Home values in 31401 are down 3.7% over the past year, and up 3.3% a year over five years.
What is the typical rent in 31401?: A typical home in 31401 rents for about $2,138 a month, a gross rental yield of 4.5%.
What is the property tax rate in 31401?: The effective property tax rate in 31401 is 0.8% — roughly $4,680 a year on a typical home.
Who lives in 31401?: ZIP code 31401 has a population of 20,445 and a median household income of $52,509.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

31328 vs 31401 →
Tybee Island, GA
Typical home
$626,257
Gross yield
—
31410 vs 31401 →
Wilmington Island CDP, GA
Typical home
$447,076
Gross yield
5.1%
31324
Richmond Hill, GA
Typical home
$426,146
Gross yield
6.2%
31312
Guyton, GA
Typical home
$359,520
Gross yield
7.1%
31405
Savannah, GA
Typical home
$348,404
Gross yield
5.8%
31322
Pooler, GA
Typical home
$342,594
Gross yield
6.1%

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#Jump to section

U.S. ZIP Code · GA31401

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