Savannah - 31404

As of October of 2024, Homes in 31404 zipcode have appreciated by 8.79%, with the median home value standing at $249,384, according to Zillow.

There are currently 336 active short-term rentals in 31404 zipcode. The average daily rate for these rentals is $161. This translates to an annual revenue of $35,766 for short-term rentals as of October of 2024.

31404 is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 31404 zipcode is 11.02%. However, potential investors should also consider the average property tax, which stands at 1.01% according to SmartAsset.

The median household income in 31404 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 31404 is 60%, which is higher than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 31404 is 3%, which is lower than the national average of 4.1%.

The most impactful amenities for short-term rentals in 31404 include a Baby monitor, Baby safety gates, and Pool table.

31404 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 31404 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 31404 are 2-bedroom units, with an average daily rate of $161 and an annual revenue of $43,362.

The average booking lead time for short-term rentals in 31404 is 64 days.