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ZIP Code · GA

ZIP 31405

Part of Savannah, GA
Pop. 40,764·Chatham County·147th most expensive ZIP in Georgia
Median rent (all units)
$1,674/mo
Year-over-Year
-1.9%
Month-over-Month
-1.1%
vs US Median
-$291
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 31405 · $1,674
More affordable than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,430
1 BR
$1,510
2 BR
$1,650
3 BR
$2,190
4 BR+
$2,500
Research median
$1,650/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,088/yr
At $1,674/mo median
Location
StateGA
CountyChatham County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.9% YoY, -1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 31405 (Savannah, GA) is roughly split between renters and owners, has a median income below the national average, 36.1% of residents hold a bachelor's degree or higher.

Population
40,764
Median income
$65,710
Median age
35.5
Renters
47.9%
Age distribution
22.6%
26.6%
27.1%
14.7%
Under 1822.6%
18–3426.6%
35–5427.1%
55–649%
65+14.7%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
38.5%
45.6%
White38.5%
Black45.6%
Hispanic9.7%
Asian2.7%
Other3.5%
Education (25+)
25.8%
28%
36.1%
No HS diploma10.1%
HS diploma25.8%
Some college28%
Bachelor's+36.1%
Housing tenure
52.1%
47.9%
Owner52.1%
Renter47.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 31405 in Savannah, GA has changed in 5 years

Rent
$1,207 → $1,674
up 38.7%
Income
$51,504 → $65,710
up 27.6%
Population
38,145 → 40,764
up 6.9%
Renter share
46.2% → 47.9%
+1.7 pts
Bachelor's+
33.2% → 36.1%
+2.9 pts

Across the past five years, the going rent in ZIP 31405 in Savannah, GA has shifted from $1,207 to $1,674, up 38.7% since 2021. Median household income climbed from $51,504 to $65,710 between 2021 and 2024, a 27.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 31405 in Savannah, GA adding about 2,619 residents over the five-year window, up 6.9% on net. The renter share has risen from 46.2% to 47.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 33.2% to 36.1% across the same window. Taken together, the five-year picture in ZIP 31405 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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Local insights

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About renting in ZIP 31405

Last updated: July 20, 2026

ZIP code 31405 covers Savannah, GA. The median rent here is $1,674/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,650/mo.

At 31% of local median household income ($65,710/yr), ZIP 31405 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 31405?

As of July 20, 2026, the median monthly rent in ZIP 31405 (Savannah, GA) is $1,674. This is based on aggregated data from public sources and community submissions.

How does ZIP 31405 rent compare to the US average?

ZIP 31405's median rent of $1,674/mo is $291 (15%) below the US national median of $1,965/mo.

How does ZIP 31405 compare to other ZIPs in Georgia?

ZIP 31405 falls in the middle range for Georgia, ranking #147 out of 235 ZIPs at $1,674/mo.

How much income do you need to rent in ZIP 31405?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,674/mo in ZIP 31405. The local median household income is $65,710/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 31405?

Rent in ZIP 31405 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 31405 an affordable place to rent?

ZIP 31405 is considered moderate for renters. At $1,674/mo, rent takes approximately 31% of the local median household income ($65,710/yr). The standard benchmark is 30%. ZIP 31405 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 31405 residents rent vs. own?

According to Census data, approximately 47.9% of ZIP 31405 households are renters, while 52.1% are owner-occupied. ZIP 31405 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 31405 compare to the rest of Savannah?

ZIP 31405 is more affordable than Savannah overall. At $1,674/mo, it's $133 below the Savannah citywide median of $1,807/mo.

When was rent data for ZIP 31405 last updated?

Rent data for ZIP 31405 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $1,674/mo, rent takes ~31% of ZIP 31405's median household income ($65,710/yr). The standard benchmark is 30%.

ZIP 31405 31%Benchmark 30%
State income tax4.99%
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Schools nearby

Public schools near ZIP 31405 (Savannah, GA)

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