2024 · Virginia
Rental yield in Virginia
In 2024, the typical rental in Virginia produced a gross yield of 4.9% — $1,646/mo median rent against a $404K median home value, ranking 22nd of 51 states.
4.9%
Gross rental yield
below the 4.9% U.S. median
$1,646/mo
Median gross rent
incl. utilities (ACS)
$404K
Median home value
owner-occupied (ACS)
Virginia metros by yield
Metropolitan areas in Virginia with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Virginia Beach-Chesapeake-Norfolk, VA-NC | 5.1% | $1,556/mo | $363K |
| Roanoke, VA | 5.1% | $1,188/mo | $278K |
| Blacksburg-Christiansburg-Radford, VA | 5.0% | $1,123/mo | $271K |
| Richmond, VA | 4.9% | $1,546/mo | $378K |
| Lynchburg, VA | 4.8% | $1,065/mo | $269K |
| Harrisonburg, VA | 4.6% | $1,274/mo | $329K |
| Kingsport-Bristol, TN-VA | 4.6% | $917/mo | $237K |
| Staunton-Stuarts Draft, VA | 4.6% | $1,202/mo | $311K |
| Winchester, VA-WV | 4.4% | $1,359/mo | $372K |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4.0% | $2,037/mo | $605K |
| Charlottesville, VA | 4.0% | $1,542/mo | $467K |
Frequently asked questions
What is the gross rental yield in Virginia?
In 2024, Virginia had a gross rental yield of 4.9% — $1,646/mo median gross rent against a $404K median home value. That ranks 22nd of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Virginia metros have the best rental yield?
Among Virginia metros covered by the data, gross yield was highest in Virginia Beach-Chesapeake-Norfolk, VA-NC (5.1%), Roanoke, VA (5.1%), and Blacksburg-Christiansburg-Radford, VA (5.0%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Virginia
Yield shows where the numbers work; our Investor Financing Report for Virginia shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Virginia deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.