RentYield Atlas

ZIP 23518 — Norfolk, VA: rental yield & market data

Gross rental yield of 6.91% — ranked #34 of 226 Virginia ZIP codes. June 2026 data.

Gross rental yield
6.91%
Home value
$347,152
Market rent / mo
$1,998
Price-to-rent
14.5

Trend

Metric1-year change5-year change
Home value+0.5% +20.4%
Market rent+8.0% +52.3%

Metro: Virginia Beach-Norfolk-Newport News, VA-NC · County: Norfolk City · Annual rent: $23,976

Comparable ZIP codes in Virginia

Similar home values, sorted by yield — the cheapest way to see if 23518 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
23325ChesapeakeVA$333,098$1,9607.06%14.2+3.2%
23434SuffolkVA$347,055$1,8056.24%16.0+2.3%
23505NorfolkVA$333,249$1,7066.14%16.3+1.7%
23231HenricoVA$339,084$1,7176.08%16.5+2.2%
23228LakesideVA$337,979$1,7116.08%16.5+1.4%
23875Prince GeorgeVA$354,460$1,6515.59%17.9+2.9%
22601WinchesterVA$361,250$1,6515.48%18.2+3.3%
22960OrangeVA$350,171$1,3754.71%21.2+2.6%

Top rental yields in all of Virginia →

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