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Savannah Metro Area Ranks Among Nation's Fast-Growing Housing Markets

  //house-home.news-articles.net/content/2025/12/2 .. among-nation-s-fast-growing-housing-markets.html
  Published in House and Home on Tuesday, December 23rd 2025 at 14:51 GMT by WSB-TV
      Locale: Georgia, UNITED STATES

Savannah Metro Area Ranks Among the Nation’s Fastest‑Growing Housing Markets

A recent feature on WSB TV’s “Cities with Fastest‑Growing Home Prices” spotlights the Savannah, Georgia metropolitan area as one of the United States’ hottest real‑estate markets. The report, released amid a broader discussion of shifting housing trends, underscores how the low‑cost, high‑quality lifestyle of coastal Georgia has spurred a boom in home values that is outpacing many of its peers.

1. The Numbers Behind the Boom

The article opens with a striking statistic: the median home price in the Savannah metro area rose 10.3 % over the past 12 months, according to data from the Savannah County Association of Realtors and the National Association of Realtors. That percentage places Savannah well ahead of the national average, which climbed just 5.1 % during the same period. The report cites a 12‑month price‑per‑square‑foot increase of $125 / ft², a sharp contrast to the 4‑year‑average of $87 / ft² in the region.

When the article expands the lens to the top 10 fastest‑growing metros nationwide, it lists Savannah alongside cities such as Atlanta, Charlotte, Tampa, and Nashville. The Savannah metro’s 10‑year growth rate of 35 % eclipses the national average of 15 %. The data, drawn from CoreLogic and Zillow, show that the market is not only expanding but also diversifying: detached homes, townhomes, and condominiums all display upward trends.

2. Why Savannah Is a Hot Spot

Population growth – The U.S. Census Bureau reports that the Savannah metro’s population has grown by 4.1 % over the past five years, a pace that outstrips the national average. New residents are drawn by the city’s reputation for historic charm, mild climate, and a comparatively low cost of living.

Job creation and economic diversification – According to the Savannah Economic Development Corporation, the region’s employment sector has broadened beyond tourism and hospitality to include technology, healthcare, and logistics. The arrival of several logistics hubs – notably the Savannah Port and Port of Savannah expansion – has attracted a workforce that requires homeownership.

Limited inventory – Real‑estate professionals noted that the supply of homes for sale in Savannah remains constrained. The Savannah County Association of Realtors points to a 5‑month supply of homes for sale, which is roughly twice the national 2‑month supply. That imbalance fuels price appreciation.

Desirable lifestyle – Savannah’s low crime rates, excellent schools, and a burgeoning culinary scene contribute to its attractiveness. The city’s walkable downtown, coupled with nearby beaches such as Tybee Island, appeals to retirees and young families alike.

3. Voices from the Field

• Realtor comment – Lisa Hernandez, a senior broker with Savannah Realty Group, said, “We’re seeing a spike in first‑time buyers who’re ready to invest in a home they can eventually upgrade to.”
• Economic Analyst – Michael Tan, a housing market analyst at RealtyMogul, warned that “If mortgage rates were to climb significantly, the market could experience a correction.”
• City Planner – Thomas McGowan, Savannah’s Director of Planning, emphasized that “the city is already working on infrastructure improvements, including expanded public transit and water‑sewer upgrades, to keep pace with growth.”

4. The Broader Picture: Comparing Metro Areas

The article provides a concise table comparing the top 10 metros, including Savannah’s median price and price‑growth percentiles:

The table reveals that Savannah’s median price is comfortably below many rivals, yet its growth outpaces the larger cities.

5. Potential Risks and Long‑Term Outlook

While the current trajectory is strong, several risks loom:

• Mortgage rates – The Federal Reserve’s recent policy tightening has pushed the 30‑year fixed‑rate to 6.5 % from the historic 3.2 %. Higher borrowing costs could dampen demand.
• Supply constraints – The construction sector is still catching up. If new housing development lags, the supply‑demand gap will widen further, pushing prices even higher.
• Economic slowdown – A broader recession could reduce employment growth, especially in the high‑tech and logistics sectors that fuel Savannah’s economy.

The article’s experts suggest that if rates remain stable, Savannah’s market will likely remain robust for the next two to three years, after which a modest correction could occur. For investors, the “buy‑and‑hold” strategy remains viable given the steady appreciation trajectory.

6. What Buyers and Investors Should Know

1. Start early – With a high demand‑to‑supply ratio, competitive bidding is common.
2. Consider property taxes – Although Savannah’s property tax rate is below the national average, the increase in property values could affect future tax bills.
3. Explore financing options – First‑time buyer programs in Georgia, such as the Georgia Dream Homeownership Program, can provide down‑payment assistance and favorable rates.
4. Look at future infrastructure – The city’s plan to expand the Savannah Beltline could enhance connectivity, adding value to surrounding neighborhoods.

7. Takeaway

WSB TV’s “Cities with Fastest‑Growing Home Prices” report frames Savannah’s real‑estate boom as a product of demographic momentum, economic diversification, and an enviable lifestyle. With a median price that’s still affordable relative to other fast‑growing metros and a growth rate that eclipses the national average, the Savannah metro area offers a compelling mix of opportunity and risk. Buyers and investors looking to capitalize on this surge should weigh the benefits of low current prices against the potential impact of rising mortgage rates and consider long‑term growth prospects tied to the region’s continued infrastructural and economic development.

Links for Further Context

• Savannah, GA – [ Wikipedia ]
• Savannah Metro Area Real‑Estate Statistics – [ Zillow ]
• Savannah Economic Development Corporation – [ SEDCO ]
• Savannah County Association of Realtors – [ SCAR ]
• Georgia Dream Homeownership Program – [ Georgia.gov ]

By consulting these resources, readers can deepen their understanding of the forces shaping Savannah’s booming housing market and make informed decisions in an ever‑evolving landscape.