Is Norfolk, VA a good place to invest in rental property?

Norfolk, VA has a median modeled monthly cash flow of $-617 and a median cap rate of 4.0%, on a median sold price of $329,700. Prices changed -1.4% year over year.

What is the average cap rate in Norfolk, VA?

The median cap rate across recently sold homes in Norfolk, VA is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Norfolk, VA?

The median sold price in Norfolk, VA is $329,700 (about $212 per square foot).

Investing in Norfolk, VA Real Estate

A data-driven snapshot of the Norfolk, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$329,700Median sold price

$212Median $/sqft

4.0%Median cap rate

$-617Modeled cash flow / mo

-1.4%Appreciation YoY

7.5Months of supply

1,898Active listings

3,024Sold (last 12 mo)

What the Norfolk numbers say

In Norfolk, VA, the median home sold for $329,700 (about $212 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-617 of monthly cash flow. Sold prices moved -1.4% over the past year. Inventory sits at about 7.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 5 fix-and-flip deals in Norfolk — listings where the estimated after-repair value beats list price + rehab.

Other Virginia markets to compare

See Norfolk cash-flowing listings

CashFlowRE ranks every for-sale home in Norfolk, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Norfolk deals, or browse the national market data.