Farmville, VA—23901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmville, VA
Farmville, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | 2.3% |
| Single Family | $252,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | -1.2% |
3 Bed | $271,000 | 3.0% |
4 Bed | $356,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmville, VA
As of July '25, Rentcast reports the average rent in Farmville, VA is $1,300, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Farmville, VA is studios: $2,650, 1-bedrooms: $898, 2-bedrooms: $1,110, 3-bedrooms: $1,290, 4-bedrooms: $2,050. The most common rental property sizes in Farmville, VA are 1-bedroom and 3-bedroom, accounting for 32.8% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,300 |
| Studio Rent | $2,650 | $2,650 |
| 1 Bed Rent | $850 | $898 |
| 2 Bed Rent | $1,000 | $1,110 |
| 3 Bed Rent | $1,300 | $1,290 |
| 4 Bed Rent | $2,000 | $2,050 |
% of Rental Stock
Property Listings — Farmville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmville, VA is 70. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 12.0% |
Listing Count | 71 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 70 | 36.0% |
Demographics — Farmville, VA
As of the latest ACS Survey released in 2023, Farmville, VA has a population of 15,000, which has decreased by -15.3% over the past 5 years. Farmville, VA is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | -15.3% |
% Under 18 | 15.5% | 24.0% |
% Seniors | 18.3% | 13.7% |
% WFH | 5.9% | 55.3% |
% w/ College Degree | 28.0% | -11.1% |
As of the latest ACS Survey released in 2023, Farmville, VA is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Farmville, VA is black, making up 27.3% of the population. Foreign-born residents account for 3.5% of the population in Farmville, VA, and this percentage has decreased by 37.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.9% | -8.2% |
% Black | 27.3% | 13.3% |
% Hispanic | 3.2% | -33.3% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 3.5% | -37.5% |
Mortgage and Risk — Farmville, VA
According to HUD data as of 2023, there were 169 mortgage originations in Farmville, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Farmville, VA. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 169 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Farmville, VA
Farmville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 174 |
Total Units Section 8 | 126 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $850 | $850 |
| 2 Bedroom | $20 | $1,000 | $1,020 |
| 3 Bedroom | -$70 | $1,300 | $1,230 |
| 4 Bedroom | -$460 | $2,000 | $1,540 |
Affordability — Farmville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $252,000 |
| Median Household Income | $52,000 |