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City · 7,774 residents · Prince Edward County, Virginia

Farmville , Virginia

In Farmville, a typical home is worth $238,900 and typical rent is $859 a month. Compared with all of Prince Edward County, typical household income is 27% lower, the typical home value is 10% higher, and the share of households that own their home is 21 points lower.

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  • Typical home value

    $238,900

    10% above the county

    38% below Virginia

    • Farmville
    • Prince Edward
    • Virginia

  • Typical rent

    $859a month

    8% below the county

    46% below Virginia

    • Farmville
    • Prince Edward
    • Virginia

  • Typical household income

    $40,966a year

    27% below the county

    56% below Virginia

    • Farmville
    • Prince Edward
    • Virginia

  • Households that own their home

    37%

    21 points below the county

    31 points below Virginia

    • Farmville
    • Prince Edward
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$268,534
7.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Farmville is in Prince Edward County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Prince Edward County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Farmville apart

What this place has that others do not, from public data, most unusual first.

  1. Farmville has the 3rd lowest typical household income of the 160 cities in Virginia with more than 5,000 people ($40,966).

  2. 37% of households in Farmville own their home, against 58% in Prince Edward County.

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Farmville rose 7.5%; in Virginia, it rose 2.1%.

  4. Nearby, in Madison Heights, the typical home value is $191,300: 20% less than in Farmville ($238,900).

  5. Farmville has the 10th lowest typical rent of the 157 cities in Virginia with more than 5,000 people ($859).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Farmville

What homes there are in Farmville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Farmville (58%), but less so than in Prince Edward County (68%).

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,435 a month

Prince Edward County: $1,249 a month

Without a mortgage

$443 a month

Prince Edward County: $406 a month

Owners with a mortgage

53%

Prince Edward County: 59%

The typical cost for an owner with a mortgage in Farmville is $1,435 a month, more than in Prince Edward County ($1,249); without one, $443.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Farmville rose 29% since 2015–2019, less than in Prince Edward County (36%).

Rent in Farmville moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFarmvillePrince Edward CountyVirginiaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.1%3.4%
People per household 2.082.282.522.53
Drive alone 63%73%68%69%
Carpool Unreliable estimate11%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 20%6%2%3%
Work from home Unreliable estimate7%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Farmville are smaller: 2.08 people on average; in Prince Edward County, 2.28.

In Farmville, 20% of workers walk or bike to work; in Prince Edward County, 6%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Farmville?

A typical home costs more than the typical income allows

We start with a typical home in Farmville, worth $238,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 55% of the typical household income in Farmville, which is $40,966 a year. For that payment to be 28% of income, a household would need to earn about $81,164 a year.

The calculator's FHA and conventional loan limits are those of all of Prince Edward County.

Your numbers

Local data
$

Starts at the typical home value in Farmville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,362 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,894

at 7.18% · 30 years

Loan amount
$234,572
Total interest
$337,495
Paid off in
November 2056

Includes $4,034 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $956 a month

  • Tight

    $956 to $1,229 a month

  • Hard

    more than $1,229 a month

    Your payment · 55%

Compared with the typical household income in Farmville ($40,966 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,894
Principal & interest$1,589
Property tax$100
Home insurance$100
FHA mortgage insurance (MIP)$106

You need at least $8,362 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Farmville and Prince Edward County

Farmville is in Prince Edward County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Farmville's own numbers

Typical home value
$238,900
Typical monthly rent
$859
Typical yearly household income
$40,966
Households that own their home
37%
Effective property tax rate
0.5%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Prince Edward County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,126
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Prince Edward County.

Everything about Prince Edward County

Buying

Buying a home in Farmville

A typical home in Farmville is worth $238,900: 10% above the county and 38% below Virginia. With the typical household income in Farmville ($40,966 a year), a typical home costs 5.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Farmville 5.8 years
  • Prince Edward 3.8 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Prince Edward County

According to FHFA’s house price index, home prices in Prince Edward County rose 64% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Prince Edward County.

Period County Virginia U.S.
Last year (2025) +2.8% +3.7% +2.9%
5 years (2020–2025) +42% +49% +47%
10 years (2015–2025) +64% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Farmville next to Prince Edward County, Virginia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Farmville $238,900
  • Prince Edward $216,600
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Farmville $859
  • Prince Edward $931
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Farmville $40,966
  • Prince Edward $56,315
  • Virginia $93,170
  • United States $80,734
See the full table
Farmville next to Prince Edward County and Virginia
Measure Farmville Prince Edward County Virginia U.S.
Typical home value $238,900 $216,600 $383,700 $332,700
Typical monthly rent $859 $931 $1,579 $1,413
Typical yearly household income $40,966 $56,315 $93,170 $80,734
Households that own their home 37% 58% 67% 65%
Typical yearly property tax $1,200 $921 $2,790 $3,119
Effective property tax rate 0.5% 0.43% 0.73% 0.94%
Renters with high rent for their income 59% 53% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Prince Edward County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Farmville

For a typical $238,900 home in Farmville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Farmville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,894a month

    Least cash to close
    Down payment
    $8,362
    Cash to close
    $15,529
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $106

  • Conventional, 5% down $1,850a month

    Down payment
    $11,945
    Cash to close
    $19,112
    Rate
    7.18%
    Mortgage insurance
    PMI · $113

  • Conventional, 20% down, no PMI $1,494a month

    Down payment
    $47,780
    Cash to close
    $54,947
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,715a month

    Down payment
    $35,835
    Cash to close
    $43,002
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Farmville and for Prince Edward County.

Property tax

Effective rate in Farmville

0.5%of the home’s value each year

$1,200 a year for the typical owner in Farmville.

  • Farmville 0.5%
  • Prince Edward 0.43%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Prince Edward County

FEMA does not publish these numbers by city: they are for all of Prince Edward County.

Homes in the high-risk zone
0.4%
22
Of those, with NFIP insurance
18%
County Virginia U.S.
Homes in the high-risk zone 0.4% 1.5% 3.5%
Of those, with NFIP insurance 18% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Farmville

Typical rent in Farmville is $859 a month: 8% below the county. In Farmville, 59% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Prince Edward County, by unit size. To pay the 2-bedroom one ($1,126 a month) without spending more than 30% of your income, you would need to earn $21.65 an hour working full time.

HUD fair market rent for all of Prince Edward County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $943 $18.13 $37,720
1 bedroom $949 $18.25 $37,960
2 bedrooms $1,126 $21.65 $45,040
3 bedrooms $1,342 $25.81 $53,680
4 bedrooms $1,480 $28.46 $59,200

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Farmville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Farmville has 2 ZIP codes with their own.

For 2 bedrooms it is $1,150 in all of them.

2 of the 2 are above the fair market rent for Prince Edward County ($1,126).

  • 23901 $1,150$1,390
  • 23909 $1,150$1,390

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Farmville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Farmville

HUD lists 10 buildings with rents for lower incomes in Farmville. These are the largest.

  • Parkview Gardens 204 Parkview Gdns, Farmville 23901 80 low-income homes · For families (434) 392-3189
  • Parkview Gardens 216 Parkview Gdns, Farmville 23901 80 homes, 79 low-income · In service since 2013 · For families
  • Parc Crest at Poplar Forest 306 Parc Crest Dr, Farmville 23901 44 low-income homes · In service since 2009 · For older adults
  • Meadows Apts (farmville) 508 Hylawn Ave, Farmville 23901 40 low-income homes · In service since 2009 · For families
  • Milnwood Village 1100 Milnwood Village Ln, Farmville 23901 40 low-income homes · 1 bd: 40 · In service since 2018 · For older adults

See all 10 buildings in Prince Edward County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Farmville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Prince Edward County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Farmville

No down payment, repair or rent-help program on our list is for Farmville or Prince Edward County. The ones below are statewide in Virginia: they work in Farmville the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

Housing counselors near Farmville

The HUD-approved agencies closest to the center of Farmville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lynchburg Community Action Group, Incorporate (aka Lyncag)

    300 12th St, Lynchburg · 41 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (434) 455-1601

  • Credit Restoration Institute

    31 N Providence Rd, North Chesterfield · 49 miles away

    • Budget and credit workshops
    • Workshops for new owners
    • and 4 more
    (804) 823-9601

  • Southside Outreach Group, Inc.

    1425 Seymour Dr, South Boston · 50 miles away

    • Budget and financial counseling
    • Home improvement and repairs
    • and 2 more
    (434) 572-9556

All counseling agencies in Virginia

Help in Spanish near Farmville

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Farmville

HUD lists no housing authority with an office in Prince Edward County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Nearby cities

The cities closest to Farmville, with the typical home value.

Everything about Prince Edward County Housing in Virginia

Neighboring counties

If Prince Edward County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Farmville.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Farmville

Short answers with the numbers for Farmville and all of Prince Edward County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Farmville?

The typical home value in Farmville is $238,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Prince Edward County it is $216,600.

How much does it cost to rent in Farmville?

Typical rent in Farmville is $859 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Prince Edward County is $1,126.

What is the FHA loan limit in Farmville?

Farmville uses the FHA limit for all of Prince Edward County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Farmville?

The typical homeowner in Farmville pays $1,200 a year, according to the U.S. Census Bureau. That is 0.5% of the home’s value; in Prince Edward County, the rate is 0.43%.

Where can I find free help to buy or rent in Farmville?

We found no HUD-approved counseling agencies with an office in Prince Edward County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).