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ZIP Code · GA

ZIP 31406

Part of Savannah, GA
Pop. 34,904·Chatham County·180th most expensive ZIP in Georgia
Median rent (all units)
$1,538/mo
Year-over-Year
-10.9%
Month-over-Month
-1.7%
vs US Median
-$424
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 31406 · $1,538
More affordable than 71% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,520
2 BR
$1,670
3 BR
$2,220
4 BR+
$2,530
Research median
$1,670/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: August 17, 2026

Annual cost
$18,456/yr
At $1,538/mo median
Location
StateGA
CountyChatham County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 10.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-10.9% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 31406 (Savannah, GA) is majority owner-occupied, 36.9% of residents hold a bachelor's degree or higher.

Population
34,904
Median income
$67,120
Median age
37.3
Renters
40.3%
Age distribution
20.7%
25.1%
25%
17.7%
Under 1820.7%
18–3425.1%
35–5425%
55–6411.5%
65+17.7%
Gender
45.6%
54.4%
Male45.6%
Female54.4%
Race & ethnicity
50.1%
36.6%
White50.1%
Black36.6%
Hispanic7.1%
Asian4.4%
Other1.9%
Education (25+)
23.6%
30.9%
36.9%
No HS diploma8.5%
HS diploma23.6%
Some college30.9%
Bachelor's+36.9%
Housing tenure
59.7%
40.3%
Owner59.7%
Renter40.3%

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

2021 vs 2026

How ZIP 31406 in Savannah, GA has changed in 5 years

Rent
$1,090 → $1,538
up 41.1%
Income
$57,464 → $67,120
up 16.8%
Population
34,676 → 34,904
up 0.7%
Renter share
38.8% → 40.3%
+1.5 pts
Bachelor's+
34.9% → 36.9%
+2.0 pts

Since 2021, the typical rent in ZIP 31406 in Savannah, GA has increased from $1,090 to $1,538, a 41.1% change over five years. On the earnings side, the typical household in ZIP 31406 in Savannah, GA now reports about $67,120, up from $57,464 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 40.3% of households, compared with 38.8% five years ago. College-educated residents now make up 36.9% of adults here, versus 34.9% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 31406 in Savannah, GA reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 31406

About renting in ZIP 31406

Last updated: August 17, 2026

ZIP code 31406 covers Savannah, GA. The median rent here is $1,538/mo as of August 2026. A 1-bedroom rents for a median of $1,520/mo. A 2-bedroom rents for a median of $1,670/mo.

At 27% of local median household income ($67,120/yr), ZIP 31406 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 10.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 31406?

As of August 17, 2026, the median monthly rent in ZIP 31406 (Savannah, GA) is $1,538. This is based on aggregated data from public sources and community submissions.

How does ZIP 31406 rent compare to the US average?

ZIP 31406's median rent of $1,538/mo is $424 (22%) below the US national median of $1,962/mo.

How does ZIP 31406 compare to other ZIPs in Georgia?

ZIP 31406 is among the more affordable ZIP codes in Georgia, ranking #180 out of 234 ZIPs at $1,538/mo.

How much income do you need to rent in ZIP 31406?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,538/mo in ZIP 31406. The local median household income is $67,120/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 31406?

Rent in ZIP 31406 has decreased 10.9% over the past year as of August 17, 2026, offering some relief compared to 12 months ago.

Is ZIP 31406 an affordable place to rent?

ZIP 31406 is considered affordable for renters. At $1,538/mo, rent takes approximately 27% of the local median household income ($67,120/yr). The standard benchmark is 30%. ZIP 31406 falls comfortably within that range.

What percentage of ZIP 31406 residents rent vs. own?

According to Census data, approximately 40.3% of ZIP 31406 households are renters, while 59.7% are owner-occupied. ZIP 31406 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 31406 compare to the rest of Savannah?

ZIP 31406 is more affordable than Savannah overall. At $1,538/mo, it's $260 below the Savannah citywide median of $1,798/mo.

When was rent data for ZIP 31406 last updated?

Rent data for ZIP 31406 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,538/mo, rent takes ~27% of ZIP 31406's median household income ($67,120/yr). The standard benchmark is 30%.

ZIP 31406 27%Benchmark 30%
State income tax4.99%
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