Gross rental yield of 7.06% — ranked #32 of 226 Virginia ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +0.8% | +23.9% |
| Market rent | +9.7% | — |
Metro: Virginia Beach-Norfolk-Newport News, VA-NC · County: Norfolk City · Annual rent: $19,248
Similar home values, sorted by yield — the cheapest way to see if 23504 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 23075 | Highland Springs | VA | $261,342 | $1,674 | 7.69% | 13.0 | +1.9% |
| 23701 | Portsmouth | VA | $267,566 | $1,668 | 7.48% | 13.4 | +1.4% |
| 23513 | Norfolk | VA | $277,841 | $1,645 | 7.11% | 14.1 | +1.0% |
| 23222 | Richmond | VA | $286,740 | $1,687 | 7.06% | 14.2 | +1.7% |
| 23707 | Portsmouth | VA | $258,487 | $1,467 | 6.81% | 14.7 | +0.8% |
| 24141 | Radford | VA | $275,095 | $1,503 | 6.55% | 15.3 | +3.4% |
| 23805 | Petersburg | VA | $270,454 | $1,470 | 6.52% | 15.3 | +2.2% |
| 24502 | Lynchburg | VA | $281,510 | $1,529 | 6.52% | 15.3 | +0.8% |
Top rental yields in all of Virginia →
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