The oldest city in Georgia, Savannah was founded in 1733 and was an important port during the American Revolution and the Civil War. Today, it continues to be an important seaport and a popular draw for millions of tourists each year. With attractions such as Bonaventure Cemetery (of "Midnight in the Garden of Good and Evil" fame), the Juliette Gordon Low House and the Georgia Historical Society, Savannah also boasts one of the most beautiful waterfronts in the South. In addition, it's home to 139,491 residents who love this historic city's genteel, small-town atmosphere and graceful beauty.
Savannah, GA is a great place for affordable rent-to-own homes! With a median household income of over $46,149 and a median rent of $1,049, the Savannah, GA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Savannah, GA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Savannah, GA is seeing rapid growth and Savannah, GA's' housing market remains optimal with an average home price that is -25% below the 2022 national average. Savannah, GA is part of Chatham county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Chatham is 0.78% which is below the national average, which is 0.99%.
Savannah, GA has a walk score of
Savannah, GA has a bike score of
The state tax rate is 1.0 to 5.75% on top of the federal tax rate of 10 to 37%.