Savannah, Georgia, renowned for its historic charm and Southern hospitality, has become a prime location for short-term rental investments. With its year-round appeal to tourists, many property owners are exploring the potential of hosting on platforms like Airbnb. This guide delves into the legal framework, profitability metrics, and prime neighborhoods for Airbnb hosting in Savannah as of 2025.
Understanding Savannah’s Short-Term Rental Regulations
Before listing a property on Airbnb in Savannah, it’s crucial to navigate the city’s regulatory landscape:
- Short-Term Vacation Rental (STVR) Certificate: Property owners must obtain an STVR certificate from the City of Savannah to operate legally. Source: City of Savannah
- Permitted Zones: STVRs are permitted within the short-term vacation rental overlay district, which includes the Downtown, Victorian, and Streetcar local historic districts. Source: City of Savannah
- Occupancy Limits: STVRs may have specific occupancy limits based on property size and zoning regulations. Source: City of Savannah
- Tax Obligations: Hosts are required to collect and remit applicable taxes to the state and city. Source: Hostaway
Staying updated with local ordinances is essential, as regulations may evolve. Regularly consult the City of Savannah for the latest information.
Profitability Metrics: What Hosts Can Expect
Savannah’s dynamic economy and tourist attractions contribute to a robust short-term rental market. Here’s an overview of key profitability indicators:
- Average Daily Rate (ADR): Approximately $263, reflecting the average rental revenue earned for an occupied room per day. Source: AirROI
- Occupancy Rate: Around 47.3%, indicating moderate demand with booking opportunities. Source: AirROI
- Annual Revenue: Average annual revenue stands at $42,023. Source: AirROI
- Peak Revenue Month: May is identified as the month with the highest average earnings, indicating peak season in Savannah. Source: AirROI
These figures underscore the potential for profitable Airbnb hosting in Savannah, especially when properties are well-managed and strategically located.
Top Neighborhoods for Airbnb Hosting in Savannah
Choosing the right neighborhood is pivotal for maximizing occupancy and revenue. Here are some of Savannah’s most promising areas for Airbnb investments:
1. Historic District
- Highlights: The heart of Savannah, known for its cobblestone streets, historic homes, and vibrant culture.
- Ideal For: Tourists seeking proximity to major attractions and an authentic Savannah experience. Source: PODS
2. Victorian District
- Highlights: A picturesque neighborhood featuring well-preserved Victorian-era homes and tree-lined streets.
- Ideal For: Guests looking for a quieter, upscale atmosphere with easy access to downtown. Source: PODS
3. Thomas Square
- Highlights: A vibrant area known for its art scene, trendy restaurants, and historic architecture.
- Ideal For: Travelers seeking a bohemian vibe and proximity to local attractions. Source: Airbtics
4. Ardsley Park
- Highlights: A residential area featuring beautiful homes, parks, and a family-friendly environment.
- Ideal For: Families and guests seeking a relaxed, neighborhood feel with convenient transportation options. Source: Heather Murphy Group
5. Starland District
- Highlights: An eclectic neighborhood with a mix of historic homes, art galleries, and trendy cafes.
- Ideal For: Guests interested in a hip, artsy environment away from the tourist crowds. Source: Heather Murphy Group
Conclusion: Navigating Airbnb Hosting in Savannah
Savannah’s appeal as a travel destination presents lucrative opportunities for Airbnb hosts. By adhering to local regulations, understanding market dynamics, and selecting prime neighborhoods, hosts can optimize their rental income. Continuous engagement with community guidelines and market trends will ensure sustained success in Savannah’s short-term rental landscape.
