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Savannah Real Estate Market

Savannah Real EstateThe following is from NeighborhoodScout.com

Savannah is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Georgia. With a population of 144,464 people and 62 constituent neighborhoods, Savannah is the fourth largest community in Georgia.

Unlike some cities, Savannah isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Savannah are a mix of both white- and blue-collar jobs. Overall, Savannah is a city of service providers, sales and office workers, and professionals. There are especially a lot of people living in Savannah who work in sales jobs (11.65%), office and administrative support (10.55%), and food service (10.04%).

Savannah is a nice balance between life in a moderately big city and the interesting diversions and culture that come from having a big college student population. The thousands of students who arrive on campus every fall will find that Savannah has plenty of amenities and opportunities for them, while residents of Savannah enjoy the lectures, music, art, and economic trickle-down that colleges typically provide. “Town and Gown” complement each other in Savannah.

Not only is Savannah a city with many college students, but it also retains many recent graduates who are looking to start new careers, creating a very large population of people who are young, single, educated, and upwardly-mobile. That’s because Savannah is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Savannah a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.

Savannah is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities. One of the best islands to live on is Skidaway Island.

A lot of people in Savannah take the bus for their daily commute. For the size of the city, the number of people who use public transportation is quite high. For many people in Savannah, this fills their need for low-cost transportation.

In terms of college education, Savannah is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.12% of adults 25 and older in the city have at least a bachelor’s degree.

The per capita income in Savannah in 2018 was $24,153, which is upper middle income relative to Georgia, and middle income relative to the rest of the US. This equates to an annual income of $96,612 for a family of four. However, Savannah contains both very wealthy and poor people as well.

Savannah is an extremely ethnically-diverse city. The people who call Savannah home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Savannah residents report their race to be Black or African-American, followed by White. Important ancestries of people in Savannah include Irish, German, English, Italian, and Scottish.

The most common language spoken in Savannah is English. Other important languages spoken here include Spanish and French

Population of Savannah, GA

In 2018, Savannah, GA had a population of 145k people with a median age of 32.4 and a median household income of $41,093. Between 2017 and 2018 the population of Savannah, GA grew from 145,094 to 145,342, a 0.171% increase and its median household income grew from $39,386 to $41,093, a 4.33% increase.

The 5 largest ethnic groups in Savannah, GA are Black or African American (Non-Hispanic) (53.9%), White (Non-Hispanic) (35.5%), White (Hispanic) (3.15%), Two+ (Non-Hispanic) (2.59%), and Asian (Non-Hispanic) (2.38%). NaNk% of the people in Savannah, GA speak a non-English language, and 96.3% are U.S. citizens.

The largest universities in Savannah, GA are South University–Savannah Online (2,751 degrees awarded in 2017), Savannah College of Art and Design (2,653 degrees), and Savannah Technical College (2,457 degrees).

The median property value in Savannah, GA is $151,500, and the homeownership rate is 43.9%. Most people in Savannah, GA commute by Drove Alone, and the average commute time is 19.6 minutes. The average car ownership in Savannah, GA is 2 cars per household.