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Newport News vs Lynchburg for Rental Property Investing

Side-by-side comparison of Newport News, VA and Lynchburg, VA — cap rates, rent, prices, and investment metrics.

Lynchburg wins 7–0 across key metrics
Lynchburg leads on cash flow (4.60% vs 4.38% cap rate)
Metric
Newport News, VA
Lynchburg, VA
Est. Cap Rate
4.38%
4.60%
Median Home Price
$235,000
$205,000
Median Monthly Rent
$1,280
$1,120
1% Rule
0.54%
0.55%
GRM
15.3x
15.3x
Price / Income
4.5x
4.6x
Property Tax Rate
0.98%
0.8%
Vacancy Rate
5.8%
5.5%
Population Growth
0.4% / yr
0.5% / yr
Annual Appreciation
2.5%
2.6%
Population
186,000
84,000
Median Income
$52,400
$44,600

Newport News vs Lynchburg: Which Is Better for Investors?

Cash flow: Lynchburg has the edge with an estimated cap rate of 4.60% compared to Newport News's 4.38%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $235,000 in Newport News vs $205,000 in Lynchburg, while rents come in at $1,280/mo and $1,120/mo respectively.

Growth & appreciation: Lynchburg is growing faster at 0.5% annually vs Newport News's 0.4%. Lynchburg leads on home value appreciation at 2.6% per year.

Costs & risk: Property taxes are 0.98% in Newport News vs 0.8% in Lynchburg. Vacancy rates of 5.8% and 5.5% are both healthy, suggesting strong tenant demand in both markets.

Bottom line: Lynchburg edges out Newport News on most key metrics. While cap rates are moderate at 4.60%, Lynchburg's overall profile is stronger. Use our free calculators to model specific deals in Newport News or Lynchburg.

Newport News, VA
4.38% cap rate · $235,000 median · $1,280/mo
Full analysis →
Lynchburg, VA
4.60% cap rate · $205,000 median · $1,120/mo
Full analysis →
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