RentYield Atlas

ZIP 24153 — Salem, VA: rental yield & market data

Gross rental yield of 5.87% — ranked #80 of 226 Virginia ZIP codes. June 2026 data.

Gross rental yield
5.87%
Home value
$313,992
Market rent / mo
$1,536
Price-to-rent
17.0

Trend

Metric1-year change5-year change
Home value+4.3% +33.3%
Market rent+2.5%

Metro: Roanoke, VA · County: Salem City · Annual rent: $18,432

Comparable ZIP codes in Virginia

Similar home values, sorted by yield — the cheapest way to see if 24153 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
23664HamptonVA$311,327$2,0167.77%12.9-2.1%
24073ChristiansburgVA$314,002$1,6936.47%15.5+3.0%
23608Newport NewsVA$309,226$1,6016.21%16.1+2.5%
23502NorfolkVA$316,128$1,6326.19%16.1+1.0%
23234RichmondVA$315,163$1,5756.00%16.7+3.8%
23602Newport NewsVA$317,625$1,5495.85%17.1+3.0%
24019RoanokeVA$314,436$1,4185.41%18.5+3.8%
24015RoanokeVA$311,551$1,3335.13%19.5+1.9%

Top rental yields in all of Virginia →

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