Side-by-side comparison of Augusta, GA and Savannah, GA — cap rates, rent, prices, and investment metrics.
Cash flow: Augusta has the edge with an estimated cap rate of 4.83% compared to Savannah's 4.07%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $245,000 in Augusta vs $345,000 in Savannah, while rents come in at $1,440/mo and $1,780/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Savannah is growing faster at 1.2% annually vs Augusta's 0.5%. Savannah leads on home value appreciation at 3.4% per year.
Costs & risk: Property taxes are 0.94% in Augusta vs 0.96% in Savannah. Vacancy rates of 6.8% and 5.8% are mixed — Savannah has the tighter rental market.
Entry point: Augusta offers a lower entry at $245K vs Savannah's $345K — a difference of $100K. With a 20% down payment, that's $49K vs $69K. Augusta combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Augusta edges out Savannah on most key metrics. While cap rates are moderate at 4.83%, Augusta's overall profile is stronger. Use our free calculators to model specific deals in Augusta or Savannah.