Buying a House in Savannah, Georgia: Your 2025 Guide to Homeownership
If you’ve been considering buying a house in Savannah Georgia, you’re definitely in good company. Savannah is one of the fastest-growing small cities in the U.S., famous for its charm, cobblestone streets, historic buildings, and those gorgeous oak trees covered in Spanish moss.
But it’s not just about the scenery—Savannah also has affordable housing, solid job options, and a great quality of life that draws in families, retirees, and young professionals alike.
In this guide, we’ll dive into everything you need to know about buying a house in Savannah, from market trends and the best neighborhoods to financing options and the whole homebuying process. Whether moving for work, retiring by the coast, or just looking for a fresh start, Gustan Cho Associates is here to help you make Savannah your new home.
Why More People Are Buying a House in Savannah Georgia
Savannah has become a top relocation destination in the South. Families and retirees are choosing it for more than just beauty—it’s about value, opportunity, and lifestyle. Here’s why:
- Affordable housing compared to national averages
- Low cost of living with no Georgia state income tax on retirement income
- A growing job market led by industries like aerospace, manufacturing, healthcare, and logistics
- Top-ranked schools and colleges, including SCAD (Savannah College of Art & Design)
- Family-friendly lifestyle with safe neighborhoods and lots of green space
- Mild climate year-round, making it a perfect place for outdoor lovers
- Rich history and culture with festivals, art, food, and entertainment
When you’re thinking about buying a house in Savannah Georgia, these benefits make it a smart investment for both your lifestyle and your future.
Live the Savannah Dream
Savannah offers history, charm, and affordable living. Don’t just dream it—make it yours.
2025 Housing Market Update: Buying a House in Savannah Georgia
If you’re planning on buying a house in Savannah Georgia, this year, John Strange, a senior loan officer at Gustan Cho Associates, explains what you should know about the current market:
- Median home price (2025): ~$325,000 (still below the national average of $390,000)
- Market trend: Moderately competitive, with homes selling in about 25–30 days on average
- Price growth: Up about 3–4% year-over-year, showing steady but sustainable growth
- Popular home types: Historic homes in the downtown district, family homes in Ardsley Park, new builds in Midtown and Southside Savannah, and waterfront properties near Tybee Island
Compared to bigger cities like Atlanta or Charleston, Savannah still offers more house for your money, so relocation is booming.
Steps to Buying a House in Savannah Georgia
Buying a home in Savannah follows the same process as anywhere else, but with a few local twists you’ll want to know.
Step 1: Get Pre-Approved for a Mortgage
The first step in buying a house in Savannah Georgia, is getting pre-approved. This tells sellers you’re serious and helps you know your price range. Gustan Cho Associates can get you pre-approved even if you’ve been denied elsewhere—we specialize in no-overlay lending.
Step 2: Choose the Right Neighborhood
From historic districts to newer suburban communities, Savannah has neighborhoods that fit every lifestyle. (More details in the next section.)
Step 3: Work With a Local Realtor
A Savannah-based realtor knows which areas are growing, are family-friendly, and offer the best investment potential.
Step 4: Make an Offer & Get an Inspection
Savannah’s homes often come with history—and charm. But that means you’ll want a thorough inspection, especially when buying in the Historic District.
Step 5: Close on Your Loan
Once underwriting is complete and your loan is approved, you’ll close and get the keys. With Gustan Cho Associates, closing can often happen in as little as 30 days.
Best Neighborhoods for Buying a House in Savannah Georgia
Savannah has neighborhoods that fit every lifestyle. Here are some of the most popular:
Historic District
The Historic District of Savannah is a captivating area known for its stunning Victorian-era homes and charming cobblestone streets. With its rich history, art galleries, and cozy cafés, it’s an ideal neighborhood for those who appreciate a vibrant, walkable community filled with character.
Ardsley Park / Chatham Crescent
This upscale neighborhood features stately homes set among beautiful, tree-lined streets, creating a serene environment perfect for families. Residents value the strong sense of community and safety, making it a desirable area for those seeking a suburban feel while remaining close to the city.
Midtown
Midtown is an energetic neighborhood that attracts young professionals with its trendy atmosphere, abundant shopping options, and diverse dining scene. Its lively pulse and convenient access to amenities make it a fantastic choice for those looking to enjoy the hustle and bustle of city life.
Southside Savannah
Southside Savannah has many budget-friendly homes, making it a great spot for first-time buyers who want to be close to schools, shops, and fun places to hang out. The neighborhood combines convenience and value, making it an attractive option for those beginning their homeownership journey.
Isle of Hope & Wilmington Island
These picturesque, waterfront neighborhoods boast scenic coastal views, making them a dream for boating and fishing enthusiasts. Their relaxed atmosphere and community-oriented lifestyle make them particularly popular among retirees and those looking for a serene second home.
Cost of Living When Buying a House in Savannah Georgia
One of the biggest reasons people relocate is affordability. Here’s what to expect:
- Housing costs: 15–20% lower than the national average
- Utilities: Close to the national average
- Transportation: Affordable, especially with proximity to the port and airport
- Property taxes: Below the national average (median effective property tax rate in Chatham County is about 0.92%)
This means that when you buy a house in Savannah Georgia, you’ll likely spend less each month than in many other U.S. cities.
First-Time Buyer in Savannah?
We’ll guide you through loan options, neighborhoods, and the closing process with ease.
Financing Options for Buying a House in Savannah Georgia
At Gustan Cho Associates, we know financing is one of the most important parts of the homebuying process. Here are your main options:
FHA Loans
FHA loans are an excellent option for first-time buyers, allowing for as little as 3.5% down payment. They cater to individuals with credit scores as low as 500, as Gustan Cho Associates does not impose additional lender overlays. This makes FHA loans a more accessible choice for those looking to purchase their first home.
VA Loans
VA loans offer zero down payment options for veterans and active-duty military personnel. At locations such as Hunter Army Airfield and Fort Stewart, thousands of service members take advantage of these valuable VA benefits to secure their housing needs.
USDA Loans
USDA loans let you buy a home with zero down payment in certain areas around Savannah, and several neighborhoods are eligible. This program is a great chance for anyone wanting to get a home without having to put money down up front.
Conventional Loans
Conventional loans are an excellent choice for people with good credit. Usually, you’ll need a down payment of about 3% to 5%, which makes it doable for those who qualify. Plus, these loans give you some flexibility when it comes to financing.
Non-QM and Alternative Loans
Non-QM and alternative loans offer various financing options tailored to different needs. For self-employed buyers, bank statement loans provide an accessible solution by allowing them to use their bank statements to qualify. Real estate investors can benefit from DSCR loans, which are designed based on the cash flow generated by the property. Additionally, no-doc and asset-based loans are available for those seeking more flexible lending criteria.
No matter your situation, if you’re serious about buying a house in Savannah Georgia, we’ll find the right loan for you.
Things to Do After Buying a House in Savannah Georgia
Moving to Savannah isn’t just about the home—it’s about lifestyle. Once you’ve settled in, here’s what you’ll enjoy:
- Strolling through Forsyth Park
- Taking a riverboat cruise down the Savannah River
- Dining at iconic restaurants like The Grey or Mrs. Wilkes’ Dining Room
- Attending the famous St. Patrick’s Day Parade
- Enjoying Tybee Island beaches just minutes away
This mix of history, culture, and fun is why many homeowners love Savannah.
Why Work With Gustan Cho Associates When Buying a House in Savannah Georgia
Not all lenders are the same. Many banks and mortgage companies have strict lender overlays that deny qualified borrowers. At Gustan Cho Associates, we approve loans that other lenders can’t.
- No lender overlays on FHA, VA, USDA, and Conventional loans
- Licensed in 50 states, including Georgia
- Fast closings in as little as 30 days
- Access to over 280 wholesale mortgage investors for competitive rates
- Free consultations for buyers relocating to Savannah
When you’re ready to buy a house in Savannah, Georgia, we’re here to guide you every step of the way.
Final Thoughts on Buying a House in Savannah Georgia
Savannah isn’t just a place to visit—it’s a place to call home. This city has everything from historic beauty and affordable housing to strong job growth and coastal charm. Now’s a great time to buy a house in Savannah, Georgia.
Gustan Cho Associates can help you get pre-approved, find the right mortgage program, and connect you with local professionals to make the process smooth and stress-free.
Borrowers who need a five-star national mortgage company licensed in 50 states with no overlays and who are experts on buying a house in Savannah Georgia, please contact us at 800-900-8569, text us for a faster response, or email us at alex@gustancho.com. Start your homeownership journey in Savannah today.
Frequently Asked Questions About Buying a House in Savannah Georgia:
Q: How Much do I Need for a Down Payment When Buying a House in Savannah Georgia?
A: Most loan programs require between 0% and 5% down. VA and USDA loans allow no money down, FHA loans need 3.5%, and conventional loans can start at 3%.
Q: Is Buying a House in Savannah Georgia Affordable Compared to Other Cities?
A: Yes. Savannah’s housing costs are still lower than the national average, making it more affordable than big cities like Atlanta or Charleston.
Q: What Credit Score do I Need for Buying a House in Savannah Georgia?
A: You can buy with a credit score as low as 500 using FHA loans. Conventional loans usually need higher scores, but Gustan Cho Associates offers options for all situations.
Q: What are the Best Neighborhoods for Buying a House in Savannah Georgia?
A: Popular areas include the Historic District, Ardsley Park, Midtown, Southside, and waterfront spots like Isle of Hope. Each fits different lifestyles and budgets.
Q: Are There First-Time Buyer Programs for Buying a House in Savannah Georgia?
A: Yes. Georgia offers the Georgia Dream program for down payment help, and federal programs like FHA loans make it easier for first-time buyers.
Q: How Much are Homes When Buying a House in Savannah Georgia in 2025?
A: The median home price will be around $325,000 in 2025, and homes will sell in an average of 25–30 days. Prices are still below those in many U.S. cities.
Q: Do Veterans Get Special Benefits When Buying a House in Savannah Georgia?
A: Veterans and active military folks can snag VA loans to purchase a home without having to put any money down and enjoy some solid interest rates. Savannah’s got a pretty large military community, which is great.
Q: How Long Does the Process Take for Buying a House in Savannah Georgia?
A: With a strong pre-approval, many buyers close in 30 days or less. Gustan Cho Associates specializes in fast closings without lender overlays.
Q: Are Property Taxes High When Buying a House in Savannah Georgia?
A: No. Property taxes in Savannah and Chatham County are below the national average, making homes even more affordable in the long term.
Q: Who Can Help Me Buy a House in Savannah Georgia?
A: Gustan Cho Associates can help you get pre-approved for the right loan, connect you with local agents, and guide you through the whole homebuying process.
This article about “Your Dream Starts: Buying a House in Savannah Georgia” was updated on August 22nd, 2025.
Make Savannah Your Home Sweet Home
From pre-approval to closing, our team helps you every step of the way.
