Savannah, Georgia Short-Term Rental Market
Savannah STRs averaged $335/night at 66.5% occupancy in April 2026 with $6,156 average monthly revenue.
Quick Answer: Savannah, Georgia is an active short-term rental market. average occupancy is 66%. average monthly revenue is $6,156. average daily rate is $335. the top operator is Lucky Savannah with 435 listings. market score is 73/100 (grade B).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Savannah, GA is a high-ADR historic destination drawing 12.9 million annual visitors to its 22 landmark squares, antebellum architecture, and waterfront. As of April 2026, the average daily rate across all Savannah STR listings was $334.94, with average occupancy at 66.5% and RevPAR at $222.63. Revenue per listing averaged $6,156 in April.
The market carries approximately 6,867 tracked listings. Entire-place listings dominate at 6,414 (93.4% of total), with private rooms at 451 and shared rooms at 2. Channel distribution shows a dual-platform tilt: 4,281 listings appear on both Airbnb and VRBO, 2,148 are Airbnb-only, and 438 are VRBO-only.
Bedroom mix is relatively balanced: 1-bedroom properties lead at 1,951 listings, followed by 2-bedroom (1,802), 3-bedroom (1,780), 4-bedroom (796), and 5-plus bedroom (532). The more even distribution across bedroom sizes reflects Savannah’s mix of romantic couples travel, group celebrations, and destination tourism.
Year-over-year performance in April 2026 was marginally soft on occupancy (down 0.69 percentage points) and ADR (down 0.65%), but revenue grew 4.84% year over year. The Apivex overall market score is 72.94 out of 100, with rental demand at 89.58 and investability at 87.80, offset by a regulation score of 60.75 reflecting the constrained permitting environment.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 41% | $209 | $2,494 |
| Feb | 57% | $229 | $3,118 |
| Mar | 66% | $282 | $4,976 |
| Apr | 62% | $280 | $4,833 |
| May | 62% | $280 | $4,786 |
| Jun | 71% | $312 | $5,928 |
| Jul | 69% | $297 | $5,615 |
| Aug | 54% | $262 | $3,999 |
| Sep | 53% | $256 | $3,699 |
| Oct | 57% | $256 | $4,084 |
| Nov | 49% | $245 | $3,309 |
| Dec | 47% | $229 | $2,968 |
Top Short-Term Rental Operators in Savannah
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Lucky Savannah | 435 | 31,408 | ★ 4.70 |
| 2 | Southern Belle Vacation Rentals | 407 | 28,205 | ★ 4.70 |
| 3 | Tybee Vacation Rentals by Vtrips | 294 | 12,417 | ★ 4.54 |
| 4 | Tybee Beach Vacation Rentals | 167 | 7,539 | ★ 4.61 |
| 5 | South Key Management Co | 126 | 16,978 | ★ 4.91 |
What Kind of STR Should I Buy in Savannah?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,951 |
| 2 bed | 1,802 |
| 3 bed | 1,780 |
| 4 bed | 796 |
| 5 bed | 532 |
ADR by Property Tier
| Entire Home | $345 |
| Luxury | $535 |
| Professionally Managed | $410 |
Revenue by Dwelling Type
| Apartment | $5,861 |
| Entire Place | $6,340 |
| House | $6,475 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 31.3% |
| vrbo | 6.4% |
| both | 62.3% |
Investment Analysis
Savannah offers one of the highest gross revenue-to-home-value ratios of any major historic-district STR market, driven by strong ADR relative to a lower home price base than comparable destinations.
At a typical home value of $326,132 (Zillow, April 2026) and an April average revenue of $6,156 per listing, the annualized gross revenue runs approximately $73,872 against a $326,132 entry cost, producing a gross yield of roughly 22.7%. That is an April calculation; the 2025 annual average of $4,955 per month produces an annualized figure of approximately $59,460, implying a yield of roughly 18.2% against current home values. Both figures are gross and do not account for management fees, insurance, taxes, or maintenance.
Tier data shows a significant professionally managed premium. The ADR for entire-home tier listings is $344.79, versus $410.05 for professionally managed properties, a 22% premium. Luxury-tier listings averaged $535.24 per night, 60% above the overall market average.
April revenue by property type: apartments averaged $5,861, entire-place listings $6,340, and houses $6,475. The spread between property types is relatively compressed compared to some markets.
The housing market shows 1,263 active listings for sale, a sale-to-list ratio of 0.862, and 35 median days to pending, indicating a measured buyer pace with meaningful negotiating room below list price.
Investors must weigh the permitting situation carefully: all wards in the Downtown and Victorian Historic Districts have reached the 20% non-owner-occupied cap, creating a de facto moratorium on new non-owner-occupied certificates in the most desirable inventory zones.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Savannah STR bookings show an average lead time of 63.49 days and an average length of stay of 3.67 nights as of April 2026.
The 63-day lead time reflects Savannah’s appeal as a special-occasion and event destination. Visitors traveling for weddings, bachelorette parties, St. Patrick’s Day, and similar events tend to book further in advance, which pushes the average lead time above typical weekend-drive markets. For major event weekends, operators should price and list properties 90-plus days out.
The 3.67-night average stay is slightly shorter than larger resort markets, reflecting the long-weekend trip pattern common for historic city destinations. For a 30-night month at 66.5% occupancy (approximately 19.95 booked nights), a 3.67-night average stay implies roughly five to six check-in/check-out cycles per month.
Savannah’s combination of moderate lead time and multi-night stays supports a minimum-stay policy of 2-3 nights for most of the year. Reducing to a 1-2 night minimum in the 14-21 day window helps fill midweek gaps without undermining weekend rate integrity. Event weeks such as St. Patrick’s Day (which typically drives a large occupancy and rate spike in March) warrant 3-night minimums and elevated pricing.
Short-Term Rental Regulations
Savannah operates one of Georgia’s most restrictive STVR regimes under Sec 8-6038 of the City Code. All operators must obtain a City of Savannah STVR Certificate before listing or accepting guests. The initial application fee is $400 (non-refundable) and annual renewal is $250. A Business Tax Certificate from the Revenue Department is also required before the STVR Certificate is issued. As of July 2024, all applications and renewals are processed exclusively through the Rentalscape online portal.
STVRs are permitted only within the STVR Overlay District, which covers the Downtown Historic, Victorian Historic, and Streetcar Historic Districts. Non-owner-occupied STVRs are subject to a 20% per-ward residential parcel cap in Downtown and Victorian Districts. As of 2024, all wards have reached this cap. Non-owner-occupied applicants are placed on a waiting list of indeterminate length, effectively creating a moratorium on new non-owner-occupied certificates in the most sought-after historic areas.
Owner-occupied properties are exempt from the cap and remain eligible in all three overlay districts. In the Streetcar District (TN-2 zoning), only owner-occupied multi-unit properties may operate an STVR. Outside the overlay district, STVRs are permitted only in B-C, B-N, B-L, and A-1 commercial zones.
Occupancy is capped at four adult guests for one-to-two bedroom units and two adults per bedroom for larger units. The STVR certificate number must appear in all advertising. Proof of insurance designating short-term rental use and neighbor notification are required at application.
The hotel/motel excise tax is 8% (raised from 6% in September 2023). Enforcement is rated strict.
Market Comparison
At $334.94 ADR and 66.5% occupancy, Savannah sits substantially above national STR medians (approximately $220 ADR, 55% occupancy). RevPAR of $222.63 is roughly double the national median, placing Savannah among the top-performing midsized historic city markets in the Southeast.
The Apivex total market score of 72.94 reflects Savannah’s strong demand fundamentals (rental demand 89.58, investability 87.80) partially offset by regulatory constraints (regulation score 60.75) and moderate revenue growth (54.98 following the cap moratorium’s limiting effect on new supply).
Professional management is concentrated among locally specialized operators. The top five by listing count are: Lucky Savannah (435 listings, 31,408 reviews, 4.702 average rating), Southern Belle Vacation Rentals (407 listings, 28,205 reviews, 4.704 rating), Tybee Vacation Rentals by Vtrips (294 listings, 12,417 reviews, 4.543 rating), Tybee Beach Vacation Rentals (167 listings, 7,539 reviews, 4.607 rating), and South Key Management (126 listings, 16,978 reviews, 4.907 rating).
South Key Management has the highest average rating among the top five at 4.907. Lucky Savannah leads by listing count and review volume. Together, the top five operators manage approximately 1,429 of 6,867 total listings, or roughly 20.8% of the market, indicating higher concentration than most comparable markets.
Frequently Asked Questions About Savannah, Georgia
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Can investors get a new STR permit in Savannah's historic district?
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What taxes apply to Savannah vacation rentals?
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