How Interest Rates Are Shaping the Real Estate Market in Savannah, Chatham, Effingham & Statesboro

If you’ve been keeping an eye on the housing market in Savannah, Chatham County, Effingham County, and Statesboro, you know that interest rates have become one of the biggest factors influencing both buyers and sellers. Whether you’re considering purchasing your first home, upgrading to a larger property, or selling in today’s market, understanding how rates affect affordability and demand is key.

Why Interest Rates Matter for Buyers

For buyers, even a small shift in mortgage rates can make a big difference in monthly payments. For example, in the Savannah and Effingham County markets, where average home prices are hovering in the low- to mid-$300,000s, a 1% increase in rates could mean paying hundreds more per month.

In Statesboro, where prices are generally more affordable, higher rates can still impact how much home a buyer can qualify for. Many buyers are adjusting their budgets or exploring creative financing options to lock in the best deal possible.

The Seller’s Perspective

Sellers in Chatham and Effingham Counties are feeling the ripple effects of interest rate changes as well. When rates rise, some buyers pause their search, which can increase days on market. However, because our region continues to see steady population growth, job opportunities, and strong demand, homes priced right and marketed strategically are still moving.

In Savannah especially, neighborhoods like Pooler, Rincon, and Guyton remain attractive thanks to their balance of affordability and proximity to major employers. Sellers who stay competitive with pricing and offer buyer incentives—such as closing cost assistance—are finding success despite rate fluctuations.

Local Trends to Watch

• Savannah & Chatham County: Inventory has been relatively tight, helping keep prices stable even as buyers adjust to higher borrowing costs.

• Effingham County: Known for its family-friendly communities, demand continues from those relocating out of Savannah for more space and lower property taxes.

• Statesboro: With Georgia Southern University fueling steady rental and resale activity, the market remains resilient, offering opportunities for both investors and homeowners.

What Buyers & Sellers Can Do Right Now

• Buyers: Shop around for mortgage lenders, explore rate-buy-down programs, and consider pre-approval so you’re ready to act quickly.

• Sellers: Work with a local REALTOR® who knows how to price competitively and market effectively. Highlight energy-efficient upgrades or offer concessions that offset rate concerns.

Final Thoughts

Interest rates may be higher than in recent years, but the real estate markets in Savannah, Chatham, Effingham, and Statesboro remain active and full of opportunity. Whether you’re buying or selling, having a trusted local expert to guide you through today’s conditions makes all the difference.