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Farmville, VA—23901

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$255,000
3.0% YoY Growth
Household Income
$52,000
12.7% YoY Growth
Days on Market
78
25.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$1,200
4.0% YoY Growth
1-Bed Rent
$850
30.9% YoY Growth
2-Bed Rent
$1,000
7.8% YoY Growth
3-Bed Rent
$1,300
9.2% YoY Growth

Other Zip Codes in Farmville, VA

2396023966
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Farmville, VA

Farmville, VA lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$255,0003.0%
Single Family $255,0003.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    		$171,0000.0%
    3 Bed
    		$272,0003.4%
    4 Bed
    		$356,0004.1%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    12.0%
    2 Bedrooms
    20.7%
    3 Bedrooms
    46.8%
    4 Bedrooms
    16.6%
    5+ Bedrooms
    3.0%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.3%
    1 Bedroom
    32.8%
    2 Bedrooms
    27.1%
    3 Bedrooms
    31.0%
    4 Bedrooms
    7.0%
    5+ Bedrooms
    0.9%

    Property Listings — Farmville, VA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Farmville, VA is 54. This is a increase of 30.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,00013.0%
    Listing Count
    		7330.0%
    Listings as % of Homes0.5%30.0%
    Days on Market
    		7825.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$255,000
    Median Household Income$52,000

    Farmville, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Farmville, VA

    23966

    Farmville, VA

    23960

    Dillwyn, VA

    23936

    Cumberland, VA

    23040

    Pamplin, VA

    23958

    Frequently Asked Questions