Real Estate Investing in Farmville, Virginia (23966)
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Should you buy in 23966 (Farmville, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.9% 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 (23966)?
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Market Analysis: 23966 Farmville
Not every below-median market is a bargain. Farmville's 23966 ZIP reports signals that favor experienced operators who can absorb the risk $246K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23966 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within VA, ZIP 23966 trails on several market indicators that neighboring Prince Edward County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 23966 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 23966 is an operator game, not a passive one. In practical terms, entry prices of $246K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Farmville:
Market Trends
Home Value History (with trend line)
📊 How Does 23966 Compare?
| Metric | 23966 | Farmville | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $245,682 | $185,058 | N/A | $403,170 |
| 5-Year CAGR | 4.1% | 4.5% | N/A | 6.4% |
| Avg Rent | $1,386 | $1,181 | N/A | - |
| Cap Rate | 4.4% | 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 23966 (Farmville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,682 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (4.4%). 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 23966
Population: 1,877
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 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.
What is the tenant pool like in Farmville, VA?
The tenant pool in Farmville, VA is solid, supported by local employment and population fundamentals. Rents of $1,386/mo are well-absorbed by the market.
What is the typical home price in Farmville, VA?
Homes in Farmville, VA typically sell near $246K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Is Farmville, VA a good place for real estate investing?
Farmville, VA clocks in at an investability rating of 3.0/5, with median home values near $246K and average rents around $1,386/mo. That combination puts it in the durable tier for investor interest.
Can owner-occupants cash flow in Farmville, VA?
Farmville, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,386/mo rent level.
You know 23966 now. You don’t know where it ranks.
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