RentYield Atlas

ZIP 23116 — Mechanicsville, VA: rental yield & market data

Gross rental yield of 5.08% — ranked #142 of 226 Virginia ZIP codes. June 2026 data.

Gross rental yield
5.08%
Home value
$520,740
Market rent / mo
$2,204
Price-to-rent
19.7

Trend

Metric1-year change5-year change
Home value+3.9% +30.0%
Market rent

Metro: Richmond, VA · County: Hanover County · Annual rent: $26,448

Comparable ZIP codes in Virginia

Similar home values, sorted by yield — the cheapest way to see if 23116 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
22556StaffordVA$540,990$2,7025.99%16.7+1.1%
22193WoodbridgeVA$513,612$2,2735.31%18.8+0.3%
20110ManassasVA$519,335$2,2515.20%19.2-0.6%
22911CharlottesvilleVA$525,243$2,2315.10%19.6+0.7%
22192WoodbridgeVA$527,273$2,2055.02%19.9+0.1%
20111ManassasVA$525,386$2,1474.90%20.4+0.4%
23238HenricoVA$507,813$1,8634.40%22.7+2.4%
23229HenricoVA$534,245$1,9134.30%23.3+3.2%

Top rental yields in all of Virginia →

Full dataset — all 8,427 ZIP codes · $19 one-time

Screening more than one ZIP? Get every Virginia ZIP and all 49 other states at once. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.

Get the CSV — $19

Instant download after checkout · what's inside