How much is a home worth in ZIP code 31404?

The typical home in 31404 is worth $254,381, based on the Zillow Home Value Index.

Are home values rising in 31404?

Home values in 31404 are down 6.2% over the past year, and up 7.9% a year over five years.

What is the typical rent in 31404?

A typical home in 31404 rents for about $1,778 a month, a gross rental yield of 8.4%.

What is the property tax rate in 31404?

The effective property tax rate in 31404 is 0.8% — roughly $2,105 a year on a typical home.

ZIP code 31404 has a population of 30,062 and a median household income of $53,303.

HousingHandbookReference data

…

U.S. ZIP Code · GA31404

Chatham County · Savannah, GA

Typical home value

$254,381^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -6.2%
5-year / yr: +7.9%
10-year / yr: +9.2%

Relative price

vs U.S.: -10.5%
vs metro: -21.1%
vs state: ≈ state median

Price history

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

The typical home in 31404 is worth $254,381 — 21.1% below the Savannah, GA median. Over the past year, values have fallen 6.2%. Homes here rent for a typical $1,778 a month — a 8.4% 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: $1,778^[2]
Gross yield: 8.4%^[2]
Cap rate: 5.0%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,105^[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: 30,062^[3]
Median household income: $53,303^[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: 7
Elementary: 2
Middle: 1
High: 3

Johnson High School
High · Grades 9–12 · Savannah-Chatham County
797 students
School of Humanities at Juliette Gordon Low
Other · Grades PK–12 · Savannah-Chatham County
666 students
The School of Liberal Studies at Savannah High
High · Grades 9–12 · Savannah-Chatham County
639 students
Shuman Elementary School
Elementary · Grades 1–5 · Savannah-Chatham County
482 students
Andrea B Williams Elementary School
Elementary · Grades 1–5 · Savannah-Chatham County
456 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 yield8.4%

Net yield (after ~40% expenses)5.0%

Annual rent$21,339

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$1,286

Loan principal$203,505

Down payment$50,876

Total interest paid$259,559

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 ratio0.94

Monthly cost to own$1,674

Monthly rent$1,778

Owning 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: 58th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 31404?: The typical home in 31404 is worth $254,381, based on the Zillow Home Value Index.
Are home values rising in 31404?: Home values in 31404 are down 6.2% over the past year, and up 7.9% a year over five years.
What is the typical rent in 31404?: A typical home in 31404 rents for about $1,778 a month, a gross rental yield of 8.4%.
What is the property tax rate in 31404?: The effective property tax rate in 31404 is 0.8% — roughly $2,105 a year on a typical home.
Who lives in 31404?: ZIP code 31404 has a population of 30,062 and a median household income of $53,303.

#Comparable ZIPs

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

31408 vs 31404 →
Garden City, GA
Typical home
$261,454
Gross yield
—
31318 vs 31404 →
GA
Typical home
$247,121
Gross yield
—
31321
Pembroke, GA
Typical home
$283,716
Gross yield
—
31307
GA
Typical home
$291,943
Gross yield
—
31329
Springfield, GA
Typical home
$307,915
Gross yield
7.7%
31419
Savannah, GA
Typical home
$310,314
Gross yield
6.0%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 31404 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · GA31404

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