MarketsRun a deal in this market
State · VA
Virginia
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$402k
+4.1%Zillow ZHVI
Median rent
$2,000/mo
+4.6%Zillow ZORI
Gross yield
5.97%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$89,393
Census ACS
Owner-occupied
66.2%
Census ACS
Renter-occupied
33.8%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 5.97% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 4.6% YoY while values moved 4.1%. That gap drives whether yield compresses or expands over time.
Renter share is 34% - a deep renter pool means lower vacancy risk in Virginia.
Median income of $89,393 sets the affordability ceiling on rent growth.