Southern charm and hospitality run deep in Savannah, the oldest city in Georgia. Founded in 1773, Savannah is filled with spectacular history and enamoring beauty fit for any southern belle or beau. The Savannah River downtown marks the Savannah Historic District. Head south and you enter the Savannah Victorian Historic District, home to the Civic Center and Savannah College of Art and Design.

Many of the thousands of tourists who flock to Savannah every year visit for the splendid natural beauty and the architect that allows them to reflect on the history of the city and the south. Savannah is gleaming with both and that certainly makes the day great for most people. Savannah feels like a glorious step back in time but does not compromise the modern features of vibes. Forsyth Park is a favorite for locals while Bull Street tailors to the city’s history. The city has great education for students in every grade level, top-rated employers, and proximity to larger cities.

1145 Listing Found in Savannah, GA

Buying a Home in Savannah

A 7% increase in median home prices in Savannah proves the economy is booming for sellers. Even with the increase, homes in Savannah have a modest price tag averaging just over $188,000.   Homes sit on the market an average of 115 days in Savannah so there is always time to think things through before buying. Consider rent to own homes in addition to the traditional home for sale. 

Popular Neighborhoods in Savannah

Savannah has many beautiful neighborhoods suitable for every budget and personality. 

Midtown is the perfect neighborhood for those looking for a home near downtown. The area saw a 3.4% increase in population within the past year. Residents enjoy the proximity of shops, restaurants, and bars for late-night fun.  Midtown offers historic and modern homes starting at $77,770 and up.

Thomas Square is filled with historic homes and a vibrant art district. The diversity found at Thomas Square appeals to many, as do the 19th-century historic homes.   Home prices cost a bit more in the Thomas Square area but still maintain affordability for buyers. 

Buying Vs. Rent to Own Homes

Many people prefer the traditional home buying experience, but this does not suit every buyer. If you need a place to call home now but love the idea of owning a home, consider a rent-to-own option instead. Buyers with bad credit and other issues benefit from an RTO option. 

 Rent-to-own is great for people who have less than perfect credit or who may not have enough money to put down on the home. With this contract, you can move-in now and buy later. The best feature of a rent-to-own contract is that you lock in today’s home prices, so even if median rates increase, you do not pay more. 

Cost of Living in Savannah

Comfortable life combined with an affordable cost of living are things that make Savannah great. As a resident of this great city, you will pay only about 83 cents of every dollar that Americans spend elsewhere on the cost of living. Part of this comes from the low cost of buying a home in Savannah. 

Did you know that Savannah homes are priced 45% lower than the national average?  Buyers get a phenomenal deal when they decide to purchase a home in Savannah.  Other necessities like food, transportation, and healthcare also cost about 3% – 5% less than in other areas.  On the downside, Savannah residents pay 7% more for utility costs.  

Summary

Savannah is a desirable place to call home, especially for families. Endless activities entertain residents of all ages and personalities while tight-knit neighborhoods make you feel right at home. The low crime rate and the enhanced beauty are highlights of calling Savannah home. 

Ranking No. 3 on Travel + Leisure’s list of most desirable communities, Savannah has southern charm, lovely neighborhoods, and plenty of history that you can view through the city’s architect. Of course, the fact that Savannah has a 45% lower cost of living rate also attracts people to the city.

Rent to Own Realtors

Rent to own realtors are nearly non-existent.  Realtors work on commission and immediate sale, things that RTO does not offer. 

Search our listings of rent-to-own Savannah homes. Private owners selling their homes work with buyers who need the extra time to complete the purchase. Benefits for each person make the rent-to-own process desirable for each party.

Once you find a home, you can rent it until it is time to buy. You pay an option fee when signing a rent-to-own contract. This usually extends the option to buy for up to three years. The buyer then has time to save money for a down payment and build credit so lenders approve a mortgage.  

Entering into the RTO contact locks in the price so even when rates increase, you do not pay more. Rent-to-own resolves many problems for buyers. Check out the homes available under rent-to-own contracts and make your dreams of becoming a home come true.