Rent to own Homes in Savannah, GA
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.
More Savannah, GA Property Resources
Rent to own Homes in Cities Near Savannah, GA
- Bloomingdale
- Bluffton
- Daufuskie Island
- Dutch Island
- Ellabell
- Fleming
- Garden City
- Georgetown
- Hardeeville
- Henderson
- Hilton Head Island
- Isle of Hope
- Midway
- Montgomery
- Okatie
- Pooler
- Port Wentworth
- Richmond Hill
- Rincon
- Savannah
- Skidaway Island
- Springfield
- Talahi Island
- Thunderbolt
- Tybee Island
- Vernonburg
- Whitemarsh Island
- Wilmington Island
Neighborhoods in Savannah, GA
Parkside rent to own homes Avondale rent to own homes Feiler Park - Hussars Terrace - Dittmerville rent to own homes Avalon - Oglethorpe Mall Area rent to own homes Jackson Park rent to own homes Southside rent to own homes Abercorn Heights - Lamara Heights rent to own homes Ardmore - Gould Estates - Olin Heights rent to own homes Bacon Park Area - Sandfly rent to own homes Baldwin Park rent to own homesBuying a Home in Savannah, GA
Savannah, GA is seeing rapid growth and Savannah, GA's' housing market remains optimal with an average home price that is -25% below the 2024 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 2024 for county Chatham is 0.78% which is below the national average, which is 0.99%.
Median Home Price in Savannah, GA
Median Rent in Savannah, GA
Top Reasons to Live in Savannah GA
Savannah Housing Statistics The average median sale price for a sold or rent to own home, rental house or condominium in Savannah is $144,300, representing a decrease of 6.6% over last year's prices. The average median listing price, however, has increased 11.2% over last year's prices and now stands at $150,000. What kind of homes are bought and sold in Savannah? As of August, 2013, 77.3% of Savannah's residences are single family homes, 3.9% are condos and 18.8% are other property types. Of these property types, 50.3% are owned, while 49.7% are rented. There have been 4,906 recent house and condo sales in Savannah, and the annual residential turnover is 16.45%.
Outdoor Activities in Savannah Thanks to its warm, sunny year-round climate, Savannah's residents enjoy a number of outdoor activities throughout the year. Here are some local favorites:
Local Restaurants Savannah is noted for its eclectic variety of restaurants. Here are a few local favorites:
Local Sports Savannah has had a number of professional sports teams. These include three South Atlantic and Southern League baseball teams, two Continental Basketball Association teams and an American Basketball Association team. It's also home to several athletic venues, including the Savannah Dragway and Grayson Stadium.
Tourist Attractions As one of the great tourist destinations of the South, Savannah has a large number of popular attractions, including these favorites: