RentYield Atlas

ZIP 23503 — Norfolk, VA: rental yield & market data

Gross rental yield of 6.14% — ranked #66 of 226 Virginia ZIP codes. June 2026 data.

Gross rental yield
6.14%
Home value
$319,789
Market rent / mo
$1,636
Price-to-rent
16.3

Trend

Metric1-year change5-year change
Home value+1.3% +23.0%
Market rent+8.9% +46.6%

Metro: Virginia Beach-Norfolk-Newport News, VA-NC · County: Norfolk City · Annual rent: $19,632

Comparable ZIP codes in Virginia

Similar home values, sorted by yield — the cheapest way to see if 23503 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
24073ChristiansburgVA$314,002$1,6936.47%15.5+3.0%
23502NorfolkVA$316,128$1,6326.19%16.1+1.0%
22802HarrisonburgVA$323,701$1,6576.14%16.3+3.5%
22980WaynesboroVA$323,347$1,6236.02%16.6+3.1%
23234RichmondVA$315,163$1,5756.00%16.7+3.8%
24401StauntonVA$320,003$1,5895.96%16.8+4.5%
23602Newport NewsVA$317,625$1,5495.85%17.1+3.0%
24019RoanokeVA$314,436$1,4185.41%18.5+3.8%

Top rental yields in all of Virginia →

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