Farmville, VA
Population 7,613 · Virginia
About Farmville, VA
Farmville is a small town located in Virginia with a population of 7,613 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,282 per year, which is 46% below the national median of $75,149. The median age of 26.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Farmville features a median home value of $223,700, which is 9% below the national median of $244,900. This positions Farmville in a moderately priced market relative to the rest of the country. Median monthly rent is $865, 26% below the national average of $1,163/month. Of the 3,164 total housing units, 36% are owner-occupied (932 units) and 64% are renter-occupied (1,658 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Farmville shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.1%, above the national average of 12.4%. Workers in Farmville have an average one-way commute time of 20.8 minutes.
Education & Demographics
28.5% of Farmville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.9% White, 0.6% Hispanic or Latino, 0.3% Black or African American, and 1.0% Asian residents, with 5.9% of the population being foreign-born.
Cost of Living in Farmville, VA
Compared to national averages, Farmville has a median household income of $40,282 (46% below the national median of $75,149). Home values average $223,700, which is 9% below the national median. Monthly rent at $865 is 26% below the US average of $1,163. Within Virginia, Farmville's income is 54% below the state average of $87,957, and home values are 32% below the state median of $327,514.
Why Live in Farmville, VA?
Farmville offers affordable housing with a median home value of $223,700, below the US average of $244,900, and rent that’s lower than the national average at $865/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($40,282) that falls below the national average. However, Farmville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmville has a population of 7,613 with a median age of 26.5 years. Compare Farmville with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Farmville
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Collinsville | 7,645 | $50,465 | $123,500 | Compare |
| Ashland | 7,667 | $65,000 | $272,600 | Compare |
| Laurel Hill | 7,551 | $139,803 | $625,900 | Compare |
| Bull Run CDP (Fairfax County), Virginia | 7,513 | $238,500 | $879,000 | Compare |
| North Springfield | 7,511 | $124,118 | $630,300 | Compare |
| Mantua | 7,447 | $197,677 | $947,700 | Compare |
| Lexington | 7,420 | $89,598 | $275,300 | Compare |
| Woodlake | 7,373 | $133,782 | $371,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Farmville With Other Cities
Frequently Asked Questions about Farmville
What is the population of Farmville, VA?
The population of Farmville, VA is 7,613 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Farmville?
The median household income in Farmville, VA is $40,282 per year, which is 46% below the national median of $75,149.
What is the median home value in Farmville?
The median home value in Farmville, VA is $223,700, which is 9% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Farmville?
The median monthly rent in Farmville, VA is $865, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Farmville?
The unemployment rate in Farmville, VA is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farmville, VA a good place to live?
Farmville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 7,613 and a median age of 26.5, the city appeals to young professionals and families.
How educated is Farmville, VA?
28.5% of residents in Farmville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Farmville?
Key cost-of-living indicators for Farmville, VA: median home value is $223,700 (9% below national), median rent is $865/month, and median household income is $40,282. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Farmville?
The poverty rate in Farmville, VA is 22.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Farmville, VA?
Farmville's population is 1.9% White, 0.6% Hispanic or Latino, 0.3% Black or African American, 1.0% Asian, and 24.8% two or more races. 5.9% of residents are foreign-born.