Mid-Term Rental Market Analytics & Investment Insights
Annual Revenue
$24,008
Based on 394 full time Airbnb rentals
Average Monthly Rate
$2,183
Gross Yield
7.87%
#49 in the USProperty Tax Rate
1.02%
According to Zillow’s Home Value Index Methodology, homes in Norfolk have appreciated by 0.80% over the last year.
As of July 2025, the Zillow Home Value Index shows a typical home value of $304,939 in Norfolk.
There are 394 active mid‑term rentals, with an average monthly rate of $2,183, resulting in an approximate annual revenue of $24,008 per property.
Norfolk is considered Investor-Friendly for mid‑term investments.
Average Monthly Rate Trend
$2,183
Active Mid-Term Rentals
394
Mid‑term rentals in Norfolk offer an average gross yield of 7.87%, with a typical property tax of 1.02%—source: SmartAsset Property Tax Calculator.
The median household income in Norfolk is $61,098.
Unemployment in Norfolk is 4.2%, which is higher than the U.S. average of 3.9%.
The most popular type is 1-bedroom with an average monthly rent of $1,500 and an average yearly revenue of $16,500.
| Bedrooms | Listings | Average Monthly Rate | Annual Revenue |
|---|---|---|---|
| Studio | 15 | $1,400 | $15,400 |
| 1 Bedroom | 146 | $1,500 | $16,500 |
| 2 Bedroom | 132 | $2,300 | $25,300 |
| 3 Bedroom | 63 | $3,000 | $33,000 |
| 4 Bedroom | 32 | $3,875 | $42,625 |
| 5 Bedroom | 4 | $4,125 | $45,375 |
Let our agents guide you to the best mid-term rental investments in Norfolk, VA
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.