Best ZIP Codes for Cash Flow in Virginia Beach-Norfolk-Newport News, VA-NC (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 23523 | Norfolk, VA | $261,643 | $2,317 | 6.91% | 5.0% |
| 2 | 23607 | Newport News, VA | $185,731 | $1,523 | 6.39% | 10.8% |
| 3 | 27938 | Gatesville, NC | $224,723 | $1,683 | 5.84% | 6.5% |
| 4 | 23663 | Hampton, VA | $239,734 | $1,690 | 5.50% | 6.7% |
| 5 | 23702 | Portsmouth, VA | $229,750 | $1,603 | 5.44% | 5.9% |
| 6 | 23661 | Hampton, VA | $246,785 | $1,694 | 5.35% | 5.5% |
| 7 | 23605 | Newport News, VA | $229,725 | $1,562 | 5.30% | 7.2% |
| 8 | 23324 | Chesapeake, VA | $289,580 | $1,963 | 5.29% | 6.1% |
| 9 | 27937 | Gates, NC | $273,660 | $1,854 | 5.28% | 7.5% |
| 10 | 27979 | Hobbsville, NC | $231,770 | $1,539 | 5.18% | 6.6% |
| 11 | 23704 | Portsmouth, VA | $241,529 | $1,596 | 5.15% | 5.8% |
| 12 | 23669 | Hampton, VA | $289,293 | $1,901 | 5.13% | 5.7% |
| 13 | 23509 | Norfolk, VA | $289,557 | $1,883 | 5.07% | 4.7% |
| 14 | 23701 | Portsmouth, VA | $267,085 | $1,668 | 4.87% | 5.7% |
| 15 | 23462 | Virginia Beach, VA | $328,827 | $2,038 | 4.84% | 5.5% |
| 16 | 23430 | Smithfield, VA | $411,274 | $2,498 | 4.74% | 3.7% |
| 17 | 27946 | Hobbsville, NC | $247,774 | $1,503 | 4.73% | 7.0% |
| 18 | 23504 | Norfolk, VA | $273,366 | $1,650 | 4.71% | 5.1% |
| 19 | 23325 | Chesapeake, VA | $333,379 | $2,005 | 4.69% | 5.5% |
| 20 | 27926 | Corapeake, NC | $290,802 | $1,746 | 4.68% | 5.3% |
| 21 | 23518 | Norfolk, VA | $347,553 | $2,030 | 4.56% | 4.5% |
| 22 | 23703 | Portsmouth, VA | $327,126 | $1,895 | 4.52% | 5.3% |
| 23 | 27958 | Moyock, NC | $503,439 | $2,900 | 4.49% | 5.5% |
| 24 | 23664 | Hampton, VA | $315,252 | $1,812 | 4.48% | 4.1% |
| 25 | 23666 | Hampton, VA | $296,989 | $1,675 | 4.40% | 5.6% |
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
Appreciation in Virginia Beach-Norfolk-Newport News, VA-NC · Affordable in Virginia Beach-Norfolk-Newport News, VA-NC
Or see the full Virginia Beach-Norfolk-Newport News, VA-NC metro profile.