How much is a home worth in ZIP code 31405?

The typical home in 31405 is worth $348,404, based on the Zillow Home Value Index.

Are home values rising in 31405?

Home values in 31405 are down 1.9% over the past year, and up 7.1% a year over five years.

What is the typical rent in 31405?

A typical home in 31405 rents for about $1,682 a month, a gross rental yield of 5.8%.

What is the property tax rate in 31405?

The effective property tax rate in 31405 is 0.8% — roughly $2,719 a year on a typical home.

ZIP code 31405 has a population of 40,764 and a median household income of $65,710.

HousingHandbookReference data

…

U.S. ZIP Code · GA31405

Chatham County · Savannah, GA

Typical home value

$348,404^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.9%
5-year / yr: +7.1%
10-year / yr: +6.9%

Relative price

vs U.S.: +22.6%
vs metro: +8.0%
vs state: +36.2%

Price history

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

The typical home in 31405 is worth $348,404 — 8.0% above the Savannah, GA median. Over the past year, values have fallen 1.9%. Homes here rent for a typical $1,682 a month — a 5.8% 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: $1,682^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,719^[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: 40,764^[3]
Median household income: $65,710^[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: 12
Elementary: 7
Middle: 2
High: 3

Beach High School
High · Grades 9–12 · Savannah-Chatham County
904 students
Gould Elementary School
Elementary · Grades PK–5 · Savannah-Chatham County
887 students
Savannah Arts Academy
High · Grades 9–12 · Savannah-Chatham County
853 students
Heard Elementary School
Elementary · Grades PK–5 · Savannah-Chatham County
664 students
DeRenne Middle School
Middle · Grades 6–8 · Savannah-Chatham County
496 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$20,184

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$1,762

Loan principal$278,723

Down payment$69,681

Total interest paid$355,496

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 ratio1.35

Monthly cost to own$2,279

Monthly rent$1,682

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: 26th percentile^[1]
Rental yield: 15th percentile^[2]
Property tax: 33rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 31405?: The typical home in 31405 is worth $348,404, based on the Zillow Home Value Index.
Are home values rising in 31405?: Home values in 31405 are down 1.9% over the past year, and up 7.1% a year over five years.
What is the typical rent in 31405?: A typical home in 31405 rents for about $1,682 a month, a gross rental yield of 5.8%.
What is the property tax rate in 31405?: The effective property tax rate in 31405 is 0.8% — roughly $2,719 a year on a typical home.
Who lives in 31405?: ZIP code 31405 has a population of 40,764 and a median household income of $65,710.

#Comparable ZIPs

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

31322 vs 31405 →
Pooler, GA
Typical home
$342,594
Gross yield
6.1%
31326 vs 31405 →
Rincon, GA
Typical home
$339,052
Gross yield
7.2%
31312
Guyton, GA
Typical home
$359,520
Gross yield
7.1%
31302
Bloomingdale, GA
Typical home
$332,705
Gross yield
7.4%
31303
GA
Typical home
$325,468
Gross yield
—
31308
GA
Typical home
$319,499
Gross yield
—

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#Jump to section

U.S. ZIP Code · GA31405

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