Skidaway Island is an barrier island located outside of Savannah, GA along the East Coast. With three distinct neighborhoods (The Landings, Modena and South Harbor), Skidaway Island has many great options for families and retires. The island has its own grocery store, gas station, banks, and retail stores to service its 8,000 plus residents.
If you're looking for a new home, Skidaway Island has many different entry points for new home owners and established home owners. The median home value in Skidaway Island is $479,400. Skidaway Island home values have gone up 1.4% over the past year and Zillow predicts they will rise 3.1% within the next year (2019). The median list price per square foot in Skidaway Island is $172, which is higher than the Savannah Metro average of $117. The median price of homes currently listed in Skidaway Island is $575,000 while the median price of homes that sold is $472,400.
A general overview of the cost of living index for Skidaway Island, GA. In Skidaway Island, GA, the overall cost of living index is 133, which is 43% higher than the Georgia average and 33% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Skidaway Island, GA, the city's goods and services are 2% higher than the Georgia average and 2% lower than the U.S. average.
Discover homes at The Landings, Modena and South Harbor.
The median home value in Savannah is $162,378. Savannah home values have gone up 4.7% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Savannah is $120, which is lower than the Savannah Metro average of $122. The median price of homes currently listed in Savannah is $239,900 while the median price of homes that sold is $169,500. The median rent price in Savannah is $1,390, which is lower than the Savannah Metro median of $1,395.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Savannah is 1.3%, which is higher than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Savannah homeowners underwater on their mortgage is 13.9%.
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