RentYield Atlas

ZIP 23508 — Norfolk, VA: rental yield & market data

Gross rental yield of 5.99% — ranked #74 of 226 Virginia ZIP codes. June 2026 data.

Gross rental yield
5.99%
Home value
$385,772
Market rent / mo
$1,925
Price-to-rent
16.7

Trend

Metric1-year change5-year change
Home value-0.2% +17.5%
Market rent+4.6% +30.4%

Metro: Virginia Beach-Norfolk-Newport News, VA-NC · County: Norfolk City · Annual rent: $23,100

Comparable ZIP codes in Virginia

Similar home values, sorted by yield — the cheapest way to see if 23508 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
22963PalmyraVA$383,404$2,0896.54%15.3+0.6%
23320ChesapeakeVA$393,719$2,0456.23%16.0+3.4%
23453Virginia BeachVA$378,278$1,9216.09%16.4+3.3%
23831ChesterVA$386,695$1,8325.68%17.6+2.2%
23452Virginia BeachVA$390,924$1,8175.58%17.9+4.0%
22812BridgewaterVA$382,297$1,6255.10%19.6+0.8%
24018RoanokeVA$386,060$1,6355.08%19.7+3.6%
23225RichmondVA$377,693$1,5414.90%20.4+1.1%

Top rental yields in all of Virginia →

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