Real Estate Investing in Farmville, Virginia (23901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23901 (Farmville, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.6% of homes vacant — above national norms.
What’s happening in Farmville, VA (23901)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23901 Farmville
On the rental side, ZIP 23901 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $272K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23901 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 23901 sits on the difficult end of the VA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 23901 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. healthy returns are possible in 23901, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Farmville:
Property Strategy for 23901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,058 | $1,130 | 4.9% | +7.0% | $83,029 |
| 3BR | $271,355 | $1,360 | 3.6% | +8.3% | $90,452 |
| 4BR | $355,752 | $1,600 | 3.2% | +8.4% | $88,938 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23901 Compare?
| Metric | 23901 | Farmville | Virginia |
|---|---|---|---|
| Home Value | $272,381 | $185,058 | $403,170 |
| 5-Year CAGR | 5.4% | 4.5% | 6.4% |
| Avg Rent | $1,185 | $1,181 | - |
| Cap Rate | 3.4% | 3.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23901 (Farmville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $272,381 |
| Monthly Rent | $1,185 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23901
Population: 15,016
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How expensive is real estate in Farmville, VA?
Median home price in Farmville, VA is near $272K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is Farmville, VA landlord-friendly?
VA ranks as a landlord-friendly state for landlord-tenant law. Farmville generally follows the statewide framework, so landlords face reasonable operating rules.
How strong are rents in Farmville, VA?
The typical rental in Farmville, VA commands about $1,185/mo monthly. That rent profile predictable cash flow against the $272K purchase basis.
What kind of market is Farmville, VA for investors?
Our data puts Farmville, VA at 3.0/5 for investability. Home prices of $272K and rents around $1,185/mo create a solid backdrop for investor activity.
What is the typical renter like in Farmville, VA?
Tenant quality in Farmville, VA ranks as solid. Landlords generally report steady occupancy at market rents of $1,185/mo.
You know 23901 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23901 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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Community Ratings
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