31401 — Chatham County, Georgia Market Snapshot
Housing market data for zip code 31401 in Chatham County, Georgia. Updated monthly with median prices, days on market, and more.
Market Sales Data
23 sales in 2026 (year to date)
Median Sale Price
$598,500
Days to Sell
103
Homes Sold
23
Inventory
58
Sale-to-List
96.4%
New Listings
29
Price/SqFt
$513
Pending Sales
21
Conforming Loan Available
Most homebuyers in 31401 can comfortably use conventional financing. The median home price of $598,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 103 days on average, 31401 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 31401 sells for 3.6% below asking price (96.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 31401 can comfortably use conventional financing. The median home price of $598,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 31401 are set at the county level.
2026 Loan Limits — Chatham County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 31401
To purchase the median home at $598,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,736.
Monthly Payment
$4,736
Income Required
$202,951
Principal & Interest
$3,688/mo
Down Payment (5%)
$29,925
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 31401.
Estimated Monthly Payment
$3,854
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