Mortgage Rates in Savannah, Georgia: 2026 Guide
30-year fixed: 7.32%. Median: $310,000.
Current Mortgage Rates in Savannah
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 7.32% | 7.400% | $1,704/mo |
| 15-Year Fixed | 6.68% | 6.750% | $2,185/mo |
| 5/1 ARM | 6.46% | 6.810% | $1,561/mo |
Savannah Market Insights
Savannah offers historic charm with a growing economy driven by tourism, logistics, and the Port of Savannah. The housing market features beautiful historic homes in the downtown Landmark District and more affordable options in surrounding suburbs like Pooler and Richmond Hill.
FAQs
What is the average mortgage rate in Savannah?+
How much down payment is needed in Savannah?+
What are property taxes in Savannah?+
What a $310,000 Home Costs in Savannah
At Savannah's median home price of $310,000, a 20% down payment is $62,000. On a 30-year fixed loan at 7.32%, the monthly principal and interest payment works out to $1,704, and property taxes add roughly $191 per month at an effective rate of 0.74%. That puts the total PITI payment near $1,895 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Savannah typically needs to earn about $81,214 a year to carry this payment comfortably.
Tax & Rate Context in Savannah
The effective property tax rate in Savannah is 0.74%, which works out to roughly $2,294 a year on a median-priced home.The 30-year fixed rate used here is the national Freddie Mac PMMS average of 7.32%. Local quotes move with credit score, down payment and lender, so compare at least three offers. Savannah has an estimated population of 147K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.