Written by: Sanjin Hadziomerovic
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.
