Savannah - 31408

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.

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.

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.