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Farmville town, VA

ZIP 23901 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23901

Median Home Value
$220,200
Median Rent
$709
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,415/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23901 in Farmville town, VA, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,415. That is about 17% above the local median household income ($51,992), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
58.6%-10% vs US avg
x
Vacancy Rate
16.0%+55% vs US avg
x
Broadband Access
74.4%-14% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
20.4%-59% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$220,200
Home Value
$709
Rent
1976
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.3%
  • 1-unit attached1.7%
  • 2-9 units17.7%
  • 10+ units7.8%
  • Mobile home & other8.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,200
Median rent$709
Owner-occupied58.6%
Vacant16.0%
Price-to-income4.2x
Est. income to buy$61,000