Airbnb Market Analytics & Investment Insights
Annual Revenue
$30,307
Based on 59 full time Airbnb rentals
Average Daily Rate
$145
Gross Yield
As of October of 2024, Homes in 31408 zipcode have appreciated by 11.37%, with the median home value standing at $218,067, according to Zillow.
There are currently 59 active short-term rentals in 31408 zipcode. The average daily rate for these rentals is $145. This translates to an annual revenue of $39,398 for short-term rentals as of October of 2024.
31408 is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$145
Occupancy Rate Trend
66%
Get matched with top Savannah, GA realtors who specialize in short-term rentals — they know which neighborhoods actually cash flow and which to avoid.
As of October of 2024, the average gross yield for short-term rentals in 31408 zipcode is 13.92%. However, potential investors should also consider the average property tax, which stands at 1.01% according to SmartAsset.
The median household income in 31408 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 31408 is 65.5%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in Savannah ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Lucky Savannah leads the market with 284 active listings and maintains an exceptional 4.72 average guest rating.
VacayHome Connect leads the market with 236 active listings and maintains an exceptional 4.46 average guest rating.
Southern Belle leads the market with 168 active listings and maintains an exceptional 4.74 average guest rating.
These top performers serve as benchmarks for what drives success in Savannah's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 31408 is 3%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 31408 include a Baby monitor, Baby safety gates, and Pool table.
31408 is a popular destination for travelers, with Airbnb demand coming from cities like Atlanta, GA (4.68% of all guests), New York, NY (2.29% of all guests), and Charlotte, NC (2.11% of all guests).
The top short-term rental hosts in 31408 include Lucky Savannah, VacayHome Connect and Southern Belle. These hosts have an average rating of 4.72, 4.46 and 4.74 respectively.
The most popular property types in 31408 are 2-bedroom units, with an average daily rate of $145 and an annual revenue of $29,872.
The average booking lead time for short-term rentals in 31408 is 64 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
13.92%
Occupancy Rate
66%