Real Estate Investing in Farmville, Virginia (23960)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23960 (Farmville, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Farmville, VA (23960)?
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Market Analysis: 23960 Farmville
The 23960 ZIP covers a section of Farmville that demands careful diligence. Prices near $222K look accessible, but the work to make a deal cash flow is real.
The 23960 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader VA picture, 23960 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 23960 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. robust returns are possible in 23960, 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:
Market Trends
Home Value History (with trend line)
📊 How Does 23960 Compare?
| Metric | 23960 | Farmville | Virginia |
|---|---|---|---|
| Home Value | $222,169 | $185,058 | $403,170 |
| 5-Year CAGR | 4.0% | 4.5% | 6.4% |
| Avg Rent | $972 | $1,181 | - |
| Cap Rate | 3.4% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23960 (Farmville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,169 |
| Monthly Rent | $972 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 23960
Population: 2,177
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is vacancy a concern in Farmville, VA?
Expect elevated vacancy in Farmville, VA. Rents at $972/mo are absorbed by the tenant base without meaningful lag.
How much rent can I charge in Farmville, VA?
Rents in Farmville, VA run near $972/mo. Compared with median home prices of $222K that produces solid gross yields for typical rentals.
Is Farmville, VA a friendly market for rental owners?
For rental operators, Farmville, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is the tenant base reliable in Farmville, VA?
Tenant demand in Farmville, VA is solid. The local workforce $972/mo rents across most rental classes.
Is Farmville, VA a good place for real estate investing?
Farmville, VA registers an investability rating of 3.0/5, with median home values near $222K and average rents around $972/mo. That combination puts it in the robust tier for investor interest.
You know 23960 now. You don’t know where it ranks.
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