Most Affordable ZIP Codes in Virginia Beach-Norfolk-Newport News, VA-NC (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 23827 | Boykins, VA | $175,606 | $918 | 4.08% | 3.5% |
| 2 | 23828 | Branchville, VA | $183,803 | $909 | 3.86% | 4.1% |
| 3 | 23607 | Newport News, VA | $185,731 | $1,523 | 6.39% | 10.8% |
| 4 | 23874 | Newsoms, VA | $221,428 | $1,026 | 3.61% | 4.5% |
| 5 | 27938 | Gatesville, NC | $224,723 | $1,683 | 5.84% | 6.5% |
| 6 | 23844 | Drewryville, VA | $226,745 | $882 | 3.03% | 4.6% |
| 7 | 23605 | Newport News, VA | $229,725 | $1,562 | 5.30% | 7.2% |
| 8 | 23702 | Portsmouth, VA | $229,750 | $1,603 | 5.44% | 5.9% |
| 9 | 27979 | Hobbsville, NC | $231,770 | $1,539 | 5.18% | 6.6% |
| 10 | 23829 | Capron, VA | $238,308 | $873 | 2.86% | 5.0% |
| 11 | 23663 | Hampton, VA | $239,734 | $1,690 | 5.50% | 6.7% |
| 12 | 23704 | Portsmouth, VA | $241,529 | $1,596 | 5.15% | 5.8% |
| 13 | 23661 | Hampton, VA | $246,785 | $1,694 | 5.35% | 5.5% |
| 14 | 27946 | Hobbsville, NC | $247,774 | $1,503 | 4.73% | 7.0% |
| 15 | 27935 | Eure, NC | $247,870 | $1,386 | 4.36% | 8.0% |
| 16 | 23851 | Franklin, VA | $251,021 | $990 | 3.08% | 7.1% |
| 17 | 23707 | Portsmouth, VA | $257,514 | $1,365 | 4.13% | 5.6% |
| 18 | 23523 | Norfolk, VA | $261,643 | $2,317 | 6.91% | 5.0% |
| 19 | 23701 | Portsmouth, VA | $267,085 | $1,668 | 4.87% | 5.7% |
| 20 | 23504 | Norfolk, VA | $273,366 | $1,650 | 4.71% | 5.1% |
| 21 | 27937 | Gates, NC | $273,660 | $1,854 | 5.28% | 7.5% |
| 22 | 23513 | Norfolk, VA | $276,699 | $1,511 | 4.26% | 4.6% |
| 23 | 23603 | Newport News, VA | $277,801 | $1,500 | 4.21% | 5.9% |
| 24 | 23878 | Ivor, VA | $283,031 | $1,053 | 2.90% | 5.5% |
| 25 | 23669 | Hampton, VA | $289,293 | $1,901 | 5.13% | 5.7% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Virginia Beach-Norfolk-Newport News, VA-NC · Appreciation in Virginia Beach-Norfolk-Newport News, VA-NC
Or see the full Virginia Beach-Norfolk-Newport News, VA-NC metro profile.