FHA mortgage insurance premiums are set by HUD and are the same at every lender, so compare FHA lenders on rate, lender fees and points using their Loan Estimates.
Savannah, Georgia: 2026 Market Data
📊 LOCAL MARKET DATA
- Median household income (Savannah): $57,137
- Median owner-occupied home value (Census ACS 2020–2024 5-year): $248,900
- FHA share of mortgage originations (Chatham County, HMDA 2025): 15.8%
- Conventional share of mortgage originations (Chatham County, HMDA 2025): 66.4%
- Median real estate taxes paid by homeowners (Chatham County, ACS 2024 5-year): $2,541 a year
Data from U.S. Census Bureau, HMDA
FHA Loans in Savannah: 2026 Market Snapshot
If you're weighing an FHA loan in Savannah, it helps to understand where the local market stands heading into 2026. The median owner-occupied home value in Savannah is $248,900 (Census ACS 2020–2024 5-year). In 2025, 66.4% of Chatham County mortgage originations were conventional loans, 15.8% were FHA and 17.7% were VA (CFPB/FFIEC HMDA). Chatham County homeowners paid a median $2,541 a year in real estate taxes (Census ACS 2024 5-year), about 0.84% of the county's $302,700 median owner-occupied home value in the same survey. As you shop, it's wise to gather quotes from several lenders rather than settling on the first offer, since terms and fees can vary widely. Read the fine print on rates, points, and mortgage insurance before committing. An FHA loan can be a practical option for buyers with smaller down payments, but comparing your full picture against a conventional loan is always a smart step before you sign anything.
Average Loan Amount in Savannah and the Conforming Limit Question
The average (mean) loan amount in Chatham County was $367,100 in 2025 (CFPB/FFIEC HMDA). For the majority of Georgia counties, the 2026 FHA loan limit sits at $541,287. That means the conforming limit question rarely becomes a roadblock here unless you're chasing a higher-end home in the historic district or a renovated waterfront property on Tybee Island. The gap between a typical Savannah loan and the county ceiling gives buyers substantial room before bumping into jumbo territory. For most working families purchasing in Pooler, Wilmington Island, or the Southside, FHA financing covers the purchase price with no concern about exceeding limits. Where the limit matters is for move-up buyers and those eyeing premium coastal listings, since crossing into jumbo or high-balance loans changes the down payment math entirely. Before assuming you'll need anything beyond a standard FHA loan, confirm the current Chatham County limit with your lender, since these figures adjust annually with home price trends.
Chatham County Data for Savannah Home Buyers
Lenders reported 7,306 mortgage originations in Chatham County in 2025, and 13.5% of the county's residential structures are in a FEMA special flood hazard area.
| Data point | Chatham County | Source and date |
|---|---|---|
| Mortgage originations, 2025 | 7,306 | CFPB/FFIEC HMDA, 2025 data |
| Residential structures in a FEMA special flood hazard area | 12,957 of 95,823 (13.5%) | FEMA NFIP penetration rates, as of August 3, 2026 |
| NFIP policies in force in that area | 10,556 (81.5% FEMA penetration rate) | FEMA NFIP penetration rates, as of August 3, 2026 |
| Median household income | $71,097 | U.S. Census Bureau, ACS 2020–2024 5-year, table B19013 |
| Population | 300,879 | U.S. Census Bureau, ACS 2020–2024 5-year, table B01003 |
