31405, Savannah, GA

Savannah, Georgia is a city located in the southeastern United States. The 31405 zip code covers a large area of Savannah, including the historic district and downtown area. The median home value in this zip code is $232,000, which is higher than the national median home value of $177,500. However, this zip code has a lower than average home equity ratio of 36%. This means that there are more homes with negative equity (less than the value of their mortgages) than homes with positive equity (more than the value of their mortgages).

The 31405 zip code has a population of about 114,000 people. About 54% of residents are homeowners and 46% are renters. The majority (about 66%) of homeowners in this zip code have positive equity in their homes. This indicates that most homeowners in this zip code are able to borrow enough money to cover the full value of their homes. About 12% of homeowners in this zip code have negative equity in their homes. This indicates that there are a significant number of homeowners who are struggling to pay off their mortgages or who have lost some or all of their home equity over time.

The average price per square foot for homes in this zipcode is $128 which is higher than the national average price per square foot ($104). However, this means that there are a significantly greater number of properties for sale compared to available housing units which may be contributing to increased prices overall.