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Columbus vs Savannah for Rental Property Investing

Side-by-side comparison of Columbus, GA and Savannah, GA — cap rates, rent, prices, and investment metrics.

Columbus wins 4–3 across key metrics
Columbus leads on cash flow (5.18% vs 3.99% cap rate) · Savannah leads on population growth
Metric
Columbus, GA
Savannah, GA
Est. Cap Rate
5.18%
3.99%
Median Home Price
$175,000
$275,000
Median Monthly Rent
$1,080
$1,400
1% Rule
0.62%
0.51%
GRM
13.5x
16.4x
Price / Income
3.9x
6.0x
Property Tax Rate
0.91%
0.96%
Vacancy Rate
7%
5.8%
Population Growth
0.4% / yr
1.2% / yr
Annual Appreciation
2.2%
3.4%
Population
208,660
150,975
Median Income
$44,600
$46,200

Columbus vs Savannah: Which Is Better for Investors?

Cash flow: Columbus has the edge with an estimated cap rate of 5.18% compared to Savannah's 3.99%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $175,000 in Columbus vs $275,000 in Savannah, while rents come in at $1,080/mo and $1,400/mo respectively.

Growth & appreciation: Savannah is growing faster at 1.2% annually vs Columbus's 0.4%. Savannah leads on home value appreciation at 3.4% per year.

Costs & risk: Property taxes are 0.91% in Columbus vs 0.96% in Savannah. Vacancy rates of 7% and 5.8% are mixed — Savannah has the tighter rental market.

Bottom line: Columbus edges out Savannah on most key metrics. With a 5.18% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Columbus or Savannah.

Columbus, GA
5.18% cap rate · $175,000 median · $1,080/mo
Full analysis →
Savannah, GA
3.99% cap rate · $275,000 median · $1,400/mo
Full analysis →
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