Farmville, NC—27828
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmville, NC
As of Oct '25, the median home price in Farmville, NC is $205,000, with a year-over-year change of 1.7%. This indicates that home prices in Farmville, NC are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | 1.7% |
| Single Family | $207,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | 0.0% |
3 Bed | $206,000 | 2.5% |
4 Bed | $294,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmville, NC
As of July '25, Rentcast reports the average rent in Farmville, NC is $1,220, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in Farmville, NC is 2-bedrooms: $933, 3-bedrooms: $1,260, 4-bedrooms: $2,000. The most common rental property sizes in Farmville, NC are 3-bedroom and 2-bedroom, accounting for 66.6% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $933 |
| 3 Bed Rent | $1,100 | $1,260 |
| 4 Bed Rent | $1,700 | $2,000 |
% of Rental Stock
Property Listings — Farmville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmville, NC is 61. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -3.0% |
Listing Count | 44 | 116.0% |
| Listings as % of Homes | 0.5% | 116.0% |
Days on Market | 61 | -9.0% |
Demographics — Farmville, NC
As of the latest ACS Survey released in 2023, Farmville, NC has a population of 8,160, which has decreased by -14.1% over the past 5 years. Farmville, NC is a popular place for families, as children make up 27.1% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,160 | -14.1% |
% Under 18 | 27.1% | 2.7% |
% Seniors | 22.0% | 27.2% |
% WFH | 10.8% | 881.8% |
% w/ College Degree | 20.0% | 11.1% |
As of the latest ACS Survey released in 2023, Farmville, NC is a predominantly white area, with 50.4% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Farmville, NC is black, making up 39.8% of the population. Foreign-born residents account for 3.3% of the population in Farmville, NC, and this percentage has increased by 43.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.4% | 2.0% |
% Black | 39.8% | -8.7% |
% Hispanic | 6.1% | -7.6% |
% Asian | 0.3% | ∞% |
% Foreign Born | 3.3% | 43.5% |
Mortgage and Risk — Farmville, NC
According to HUD data as of 2023, there were 102 mortgage originations in Farmville, NC, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Farmville, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Farmville, NC
Farmville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 288 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 71.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | $215 | $825 | $1,040 |
| 3 Bedroom | $320 | $1,100 | $1,420 |
| 4 Bedroom | $70 | $1,700 | $1,770 |
Affordability — Farmville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $205,000 |
| Median Household Income | $53,500 |