Introduction
Savannah, GA, a city celebrated for its historic architecture, lush parks, and coastal charm, attracts millions of tourists each year. The city’s blend of old-world beauty and vibrant culture makes it an ideal market for short-term rental investments. Here’s a detailed analysis of the top-performing zip codes, including gross yields, annual revenues, Zillow home values, and insights into each area’s unique characteristics.
31415: West Savannah & Carver Village
- Gross Yield: 15%
- Annual Revenue: $22,045
- Zillow Home Value: $143.6K
Zip code 31415 includes neighborhoods like West Savannah and Carver Village, which have been seeing gradual revitalization and increased interest from investors. The gross yield of 15% is the highest on this list, making it an attractive area for maximizing returns. With an annual revenue of $22,045 and a low Zillow home value of $143.6K, the area is budget-friendly for investors looking to enter the Savannah market. The proximity to the Savannah River and plans for community redevelopment add to the investment potential.
31408: Garden City & Port Wentworth
- Gross Yield: 14%
- Annual Revenue: $30,307
- Zillow Home Value: $218.1K
This zip code covers Garden City and parts of Port Wentworth, areas that are popular among visitors due to their close proximity to the Savannah/Hilton Head International Airport and major industrial hubs. The gross yield of 14% and annual revenue of $30,307 highlight its rental potential. Zillow home values average $217.7K, making it an affordable option for investors who want to tap into a growing area. The easy access to highways and amenities make it appealing for short-term renters, especially business travelers.
31419: Southside Savannah
- Gross Yield: 11%
- Annual Revenue: $35,566
- Zillow Home Value: $309.5K
Zip code 31419 covers Southside Savannah, an area known for its mix of residential communities and commercial developments. With a gross yield of 11% and the highest annual revenue on this list at $35,566, Southside is a strong contender for short-term rental investments. Zillow home values are higher at $309.5K, but the area’s amenities, shopping centers, and proximity to Georgia Southern University make it attractive to both tourists and students. Investors can benefit from a steady flow of renters throughout the year.
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31404: East Savannah & Thunderbolt
- Gross Yield: 11%
- Annual Revenue: $27,512
- Zillow Home Value: $249.7K
This zip code includes East Savannah and the quaint town of Thunderbolt, known for its scenic views of the Wilmington River and easy access to Tybee Island. With a gross yield of 11% and annual revenue of $27,512, this area offers a good balance of income and property appreciation. The Zillow home value of $249.7K reflects the appeal of being near both the coast and downtown Savannah. Thunderbolt’s waterfront restaurants and marinas are a big draw for tourists, making it an excellent choice for investors targeting vacationers.
Conclusion
These Savannah zip codes provide a range of investment opportunities, from affordable urban neighborhoods to thriving suburban communities. By leveraging Savannah’s strong tourism market and the city’s unique charm, investors can achieve impressive returns while benefiting from property value appreciation.
