ZIP 31404
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 31404 usually run 1.6% below trend in January and 1.4% above it in August, about $52 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 31404 is at its highest level since Zillow's records here began in June 2016.
Rent in ZIP 31404 changed +2.1% over the year to September 2026. Across the 216 Georgia ZIP codes Zillow tracks, the typical change was +2.4%.
From 2019 to 2024, rent in ZIP 31404 rose 66.2% while median household income rose 40.3% ($37,979 to $53,303). Rent outpaced income.
Rent in ZIP 31404 is 61.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($53,303) is $1,333 a month. That is less than HUD's Fair Market Rent for a studio ($1,390).
5th cheapest of 8 ZIP codes in Savannah.
ZIP 31406, 5 miles away, rents for 11% less ($1,553/mo), about $2,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 31404. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 31404 (Savannah, GA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 30% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 31404 in Savannah, GA has changed in 5 years
Five years ago, renters in ZIP 31404 in Savannah, GA paid around $1,127 a month. That figure now sits near $1,745, up 54.8% from the 2021 baseline. Median household income climbed from $42,500 to $53,303 between 2021 and 2024, a 25.4% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 31404 in Savannah, GA losing about 3,433 residents over the five-year window, down 10.2% on net. The renter share has eased from 54.4% to 49.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 24.2% to 30% across the same window. Taken together, the five-year picture in ZIP 31404 in Savannah, GA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 31404
Last updated: October 17, 2026
ZIP code 31404 covers Savannah, GA. The median rent here is $1,745/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,600/mo.
At 39% of local median household income ($53,303/yr), ZIP 31404 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.
Frequently asked questions
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How does ZIP 31404 compare to other ZIPs in Georgia?
How does ZIP 31404 compare to the rest of Savannah?
At $1,745/mo, rent takes ~39% of ZIP 31404's median household income ($53,303/yr). The standard benchmark is 30%.
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