Farmville, VA—23960
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 | $203,000 | -6.1% |
| Single Family | $203,000 | -5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmville, VA
Farmville, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 85. This is a increase of 9.0% 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 | $327,000 | 38.0% |
Listing Count | 10 | 20.0% |
| Listings as % of Homes | 0.6% | 20.0% |
Days on Market | 85 | 9.0% |
Demographics — Farmville, VA
As of the latest ACS Survey released in 2023, Farmville, VA has a population of 2,180, which has increased by 69.2% over the past 5 years. Farmville, VA is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,180 | 69.2% |
% Under 18 | 24.5% | 69.0% |
% Seniors | 10.5% | -53.9% |
% WFH | 11.8% | 90.3% |
% w/ College Degree | 23.7% | 55.9% |
As of the latest ACS Survey released in 2023, Farmville, VA is a predominantly white area, with 56.7% of the population identifying as white. The white population has grown by 33.1% in the last 5 years. The second most common race or ethnicity in Farmville, VA is black, making up 29.5% of the population. Foreign-born residents account for 1.2% of the population in Farmville, VA, and this percentage has decreased by 70.0% 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 | 56.7% | 33.1% |
% Black | 29.5% | -43.5% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.2% | -70.0% |
Mortgage and Risk — Farmville, VA
According to HUD data as of 2023, there were 54 mortgage originations in Farmville, VA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Farmville, VA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
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 | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | -$110 | $1,100 | $990 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Farmville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $203,000 |
| Median Household Income | $61,600 |