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Highest gross rent yields in Virginia

Covington city leads Virginia at 11.41% gross rent yield, on a median rent of $794 and a median home value of $83,500. Census median rent relative to Census median home value, ranked for long-term landlords.

Highest county yield
11.41%
Covington city
Median gross rent
$794
ACS B25064
Median home value
$83,500
ACS B25077
State yield
4.94%
State median rent and value

Counties ranked by gross rent yield

1Covington city$794$219$83,500$5,76111.41%
2Martinsville city$808$32$98,400$27,8599.85%
3Buchanan County$743$62$94,900$10,5709.40%
4Lee County$738$49$98,900$10,1298.95%
5Dickenson County$738$58$102,700$10,1228.62%
6Buena Vista city$1,112$127$156,200$14,1398.54%
7Danville city$836$32$119,100$6,5958.42%
8Emporia city$1,037$98$148,500$21,5578.38%
9Tazewell County$795$71$118,300$5,2868.06%
10Wise County$790$34$118,600$6,5357.99%
11Norton city$692$51$110,000$29,9197.55%
12Petersburg city$1,174$44$189,000$18,1197.45%
13Hopewell city$1,106$44$181,600$14,2507.31%
14Alleghany County$765$108$125,800$12,2567.30%
15Greensville County$969$144$159,400$37,5287.29%
16Brunswick County$834$80$142,700$16,4757.01%
17Hampton city$1,427$35$245,700$4,7426.97%
18Nottoway County$972$121$167,500$11,4096.96%
19Prince George County$1,594$83$293,400$11,5326.52%
20Manassas Park city$2,146$89$395,900$20,2266.50%
21Russell County$653$50$120,600$12,1436.50%
22Henry County$728$36$134,800$9,0076.48%
23Buckingham County$927$89$173,400$13,1146.42%
24Pittsylvania County$861$42$161,400$4,7686.40%
25Portsmouth city$1,300$26$246,900$5,3616.32%
26Galax city$743$65$141,300$23,0666.31%
27Smyth County$731$35$139,600$10,0036.28%
28Roanoke city$996$30$190,500$6,5036.27%
29Giles County$789$90$151,100$10,9486.27%
30Newport News city$1,339$25$260,600$5,8446.17%
31Grayson County$765$82$150,100$9,5536.12%
32Charlotte County$732$44$144,100$23,2556.10%
33Halifax County$790$33$155,700$8,4546.09%
34Colonial Heights city$1,234$76$246,600$9,9566.00%
35Lunenburg County$742$121$150,100$14,3675.93%
36Sussex County$907$105$183,800$22,4295.92%
37Scott County$699$34$143,000$18,4465.87%
38Accomack County$977$51$204,300$15,7945.74%
39Dinwiddie County$1,224$112$257,800$14,7025.70%
40Carroll County$738$52$156,500$6,1665.66%
41Radford city$1,033$106$220,700$21,3955.62%
42Lynchburg city$1,073$29$229,800$7,2355.60%
43Patrick County$716$38$153,400$13,6025.60%
44Richmond County$1,067$58$231,500$25,4805.53%
45Norfolk city$1,321$27$289,900$5,4795.47%
46Charles City County$1,099$121$241,400$18,3255.46%
47Suffolk city$1,563$58$347,400$5,8125.40%
48Virginia Beach city$1,714$19$382,500$3,7575.38%
49Wythe County$764$48$171,200$8,9595.36%
50Chesterfield County$1,629$25$366,000$3,5645.34%
51Spotsylvania County$1,779$39$404,900$8,2445.27%
52Salem city$1,133$59$258,600$12,4815.26%
53New Kent County$1,721$291$393,600$15,7385.25%
54Bristol city$801$73$184,100$11,2925.22%
55King and Queen County$1,004$101$231,600$19,6875.20%
56Southampton County$930$79$216,200$8,2805.16%
57Prince Edward County$931$77$216,600$12,3925.16%
58Henrico County$1,541$29$359,200$4,2375.15%
59Highland County$856$213$200,000$40,2235.14%
60Roanoke County$1,224$52$286,000$5,1675.14%
61Mecklenburg County$823$48$192,600$11,0205.13%
62Poquoson city$1,707$129$400,300$23,2475.12%
63Pulaski County$813$56$191,700$11,7635.09%
64Bland County$644$271$152,100$24,3845.08%
65York County$1,827$41$433,200$9,5825.06%
66Campbell County$891$44$211,600$9,3395.05%
67Caroline County$1,293$134$307,700$16,1155.04%
68Chesapeake city$1,586$39$378,400$5,6215.03%
69Stafford County$2,020$91$485,100$7,3035.00%
70Waynesboro city$1,020$68$245,500$11,3394.99%
71Amelia County$1,164$227$282,400$18,8054.95%
72Appomattox County$855$93$207,600$12,4384.94%
73Surry County$983$78$238,800$20,3914.94%
74Manassas city$1,850$56$449,900$13,8974.93%
75Amherst County$871$71$212,400$9,1184.92%
76Essex County$972$67$238,100$20,1454.90%
77Montgomery County$1,240$48$304,600$12,5314.89%
78Washington County$854$29$214,000$9,9034.79%
79Hanover County$1,591$63$400,400$7,9974.77%
80Harrisonburg city$1,184$52$299,100$12,2614.75%
81Staunton city$1,024$69$259,200$11,8434.74%
82Lexington city$1,081$182$275,200$46,1914.71%
83Frederick County$1,507$101$386,000$9,5024.68%
84Prince William County$2,067$34$530,100$6,8334.68%
85Floyd County$878$98$225,400$14,4124.67%
86Richmond city$1,372$20$353,000$7,5764.66%
87Louisa County$1,220$90$315,300$15,4864.64%
88Franklin city$988$87$256,600$27,2704.62%
89Winchester city$1,315$78$343,000$19,1904.60%
90Fluvanna County$1,204$159$314,100$17,2314.60%
91Greene County$1,309$226$343,300$19,3764.58%
92Isle of Wight County$1,359$70$356,500$9,8564.57%
93Westmoreland County$1,018$157$269,600$20,4724.53%
94Craig County$713$83$189,000$16,0364.53%
95Page County$879$40$233,200$12,0144.52%
96Rockbridge County$925$85$248,800$18,1924.46%
97Augusta County$1,136$60$306,100$11,4964.45%
98Rockingham County$1,160$47$313,000$9,0714.45%
99King William County$1,166$163$315,700$14,0334.43%
100Cumberland County$877$25$239,300$14,6974.40%
101Botetourt County$1,035$276$289,200$11,9964.29%
102Bath County$736$207$206,700$38,2884.27%
103Culpeper County$1,423$60$409,200$12,3664.17%
104James City County$1,552$107$447,200$7,5654.16%
105Franklin County$829$43$240,400$10,2594.14%
106Warren County$1,199$61$348,400$11,0384.13%
107Albemarle County$1,692$33$495,400$13,4184.10%
108Fredericksburg city$1,619$66$483,700$24,9824.02%
109Shenandoah County$984$31$294,900$11,0484.00%
110King George County$1,428$102$428,300$13,2284.00%
111Gloucester County$1,096$68$331,000$15,1133.97%
112Orange County$1,205$96$364,200$11,6453.97%
113Williamsburg city$1,407$95$428,100$30,7633.94%
114Goochland County$1,614$178$500,600$32,4083.87%
115Loudoun County$2,386$44$743,800$9,0363.85%
116Bedford County$952$48$297,400$9,7413.84%
117Charlottesville city$1,540$63$486,700$16,0023.80%
118Lancaster County$1,033$52$327,000$24,6553.79%
119Madison County$1,166$169$370,300$23,9213.78%
120Fairfax city$2,245$107$722,600$27,3323.73%
121Fairfax County$2,276$15$732,800$4,7663.73%
122Middlesex County$1,059$132$352,200$38,3903.61%
123Northumberland County$1,038$299$346,800$43,1063.59%
124Nelson County$946$40$321,700$32,2283.53%
125Mathews County$1,032$324$360,900$26,3093.43%
126Alexandria city$2,089$32$735,100$22,2473.41%
127Fauquier County$1,613$115$573,700$13,5753.37%
128Powhatan County$1,168$261$416,000$14,4703.37%
129Northampton County$829$60$316,200$40,9173.15%
130Arlington County$2,322$26$895,000$16,8543.11%
131Rappahannock County$1,290$403$506,400$94,3333.06%
132Clarke County$1,371$94$550,100$28,4892.99%
133Falls Church city$2,190$104$1,055,600$60,2662.49%

Method

Gross rent yield equals Census median gross rent (ACS table B25064) times 12, divided by Census median home value (ACS table B25077). The percent shown is that ratio rounded half up to the nearest 0.01 percentage point. State rows use the state estimate. County rows use the county estimate. A place is left out when either median is missing or not positive. Margins of error are the ACS margins published for each median. Rank is the unrounded ratio, then the place name.

Source: U.S. Census Bureau American Community Survey 2024 5-year, tables B25064 and B25077, as of 2024-07-01 (data years 2020-2024), retrieved 2026-10-09, https://data.census.gov/table/ACSDT5Y2024.B25064.

Frequently asked questions

What is the highest gross rent yield in Virginia?

Covington city at 11.41%. Median gross rent is $794 (margin of error $219). Median home value is $83,500 (margin of error $5,761).

What is the lowest gross rent yield in Virginia?

Falls Church city at 2.49%. Median gross rent is $2,190 (margin of error $104). Median home value is $1,055,600 (margin of error $60,266).

What is the state-level gross rent yield in Virginia?

4.94%. Median gross rent is $1,579 (margin of error $8). Median home value is $383,700 (margin of error $1,024).