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Housing market/Georgia/ZIP 31415

ACS 2023 · FY2027 SAFMR

ZIP 31415 Savannah, Georgia

Savannah, GA MSA · Georgia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
11,788
Households
4,164
Median HH income
$37,890
Renter share
59.2%
Median gross rent
$973
Vacancy
25.5%
Pop. change
-4.8%
2BR SAFMR
$1,520
SAFMR / rent
1.562×
2–49 unit stock
1,406
LIHTC proj / units
5 / 413
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 31415 · GA — sent to you.

ZIP 31415 · GA

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ACS rent vs 2BR SAFMR

ZIP 31415 — Savannah, GA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$973
2BR SAFMR$1,520
90% floor$1,368
110% ceiling$1,672

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 31415

  • 1-unit detached3,90669.9%
  • 1-unit attached881.6%
  • 2–4 units96217.2%
  • 5–49 units4447.9%
  • 50+ units1051.9%
  • Mobile861.5%
TypeUnitsShare
1-unit detached3,90669.9%
1-unit attached881.6%
2 units (duplex)4518.1%
3–4 units5119.1%
5–9 units1703.0%
10–19 units1232.2%
20–49 units1512.7%
50+ units1051.9%
Mobile861.5%

2–4 unit share 17.2% · 5–49 unit share 7.9% · combined 2–49 25.1%.

Units by bedrooms

Studio
84
1BR
372
2BR
1,988
3BR
2,514
4BR
546
5+
87

Rent burden

Rent ≥30% of income43.8%
Rent ≥50% of income24.2%
  • ACS median gross rent $973 (all bedrooms, occupied rentals).
  • Median contract rent $735.
  • Renters paying ≥30% of income 43.8%; ≥50% 24.2%.
  • FY2027 2BR SAFMR $1,520 (1.562× ACS median gross rent).

Population

11,788 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 413 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,728 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 31415 59.2% of occupied households are renters; vacancy is 25.5%; ACS median gross rent is $973; population changed -4.8% between the 2018 and 2023 ACS vintages; the housing stock includes 962 units in 2–4-unit structures and 444 units in 5–49-unit structures; 5 LIHTC projects totaling 413 units; FY2027 2BR SAFMR is $1,520 versus ACS median gross rent of $973. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

ZIP 31415 — Savannah, GA HUD Section 8 Payment Standards / SAFMR·Georgia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
31302Savannah, GA MSA30.1%$1,072$1,52031303Savannah, GA MSA18.2%$697$1,52031307Savannah, GA MSA16.7%—$1,53031312Savannah, GA MSA12.8%$1,394$1,77031318Savannah, GA MSA25.0%—$1,52031322Savannah, GA MSA39.1%$1,629$1,97031324Savannah, GA MSA23.9%$1,764$2,10031326Savannah, GA MSA26.4%$1,141$1,52031328Savannah, GA MSA10.4%$1,205$1,66031329Savannah, GA MSA26.6%$1,141$1,52031401Savannah, GA MSA67.1%$1,428$2,01031402Savannah, GA MSA——$1,700

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Georgia research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 31415?

ZIP 31415 (Savannah, GA MSA) has 11,788 residents, 4,164 households, a renter share of 59.2%, median household income of $37,890, and ACS 2023 median gross rent of $973. Vacancy is 25.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 31415?

ACS counts 451 units in 2-unit buildings, 511 in 3–4 unit buildings, 170 in 5–9, 123 in 10–19, and 151 in 20–49. Combined 2–49 unit stock is 1,406 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 31415?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,520. See the full schedule and 90–110% payment-standard band on the ZIP 31415 — Savannah, GA HUD Section 8 Payment Standards / SAFMR.