SAVANNAH
MARKET OVERVIEW
Market Pulse 2026
Multifamily Insights
Acquisition Volume
Institutional capital is chasing Savannah: the metro recorded $436 million in multifamily investment sales — the highest volume among the markets on Yardi Matrix's 2026 list of top emerging apartment markets — as investors bet on its demographic and employment growth.
Average Cap Rate
"Savannah multifamily currently trades at an average cap rate of 5.8% — a slight yield premium over the 5.7% national average — meaning investors buy into one of the country's fastest-growing metros without giving up going-in yield.
Rent Growth
The Savannah metro entered 2026 with roughly 438,000 residents — up 8.3% since 2020, more than three times the national pace — and is on track to approach 445,000 by mid-2026, with over half of Savannah households renting.
Market Rental Rates
Savannah rents have climbed more than 40% over the past five years — far outpacing local income growth — and are holding near record highs in 2026 even as the market absorbs its largest wave of new apartment deliveries in 25 years.
Average Vaccany
Even while absorbing a record wave of new deliveries, Savannah apartments remain roughly 95% occupied — demand has kept pace with the largest construction boom the market has seen in 25 years.
Data: CoStar, U.S. Census Bureau, RealPage, Yardi Matrix, MSCI. Deemed reliable but not guaranteed.
Current Opportunities
Savannah's Historic Charm
Beautiful quadplex in Savannah's Historic District at a 6.88% cap — irreplaceable location, offered under $1M.
GO BIG!
90-unit multifamily community on Savannah's south side, offered at a 6.25% cap rate — scale, in-place income, and upside in one of Georgia's fastest-growing metros.
Vacation Rental Cash Cow
Turnkey short-term rental potential steps from River Street — four units with the potential to operate as STVRs in the heart of Savannah's tourist core.
Ready to Discuss Your Strategy?
Connect with Kenton Waldroup to gain personalized market insights and identify high-value multifamily and investment opportunities tailored to your objectives.