Gross rental yield of 7.48% — ranked #24 of 226 Virginia ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +1.4% | +29.8% |
| Market rent | +11.9% | — |
Metro: Virginia Beach-Norfolk-Newport News, VA-NC · County: Portsmouth City · Annual rent: $20,016
Similar home values, sorted by yield — the cheapest way to see if 23701 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% |
| 23513 | Norfolk | VA | $277,841 | $1,645 | 7.11% | 14.1 | +1.0% |
| 23504 | Norfolk | VA | $272,608 | $1,604 | 7.06% | 14.2 | +0.8% |
| 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% |
| 24572 | Madison Heights | VA | $249,935 | $1,351 | 6.49% | 15.4 | -0.1% |
Top rental yields in all of Virginia →
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.
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