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City Report · VA

Farmville

Pop. 7,774·81st most expensive in Virginia·One of the most affordable rental markets in the US
Median rent (all units)
$1,291/mo
Year-over-Year
Stable
Month-over-Month
-1.1%
vs US Median
-$674
Falling (Monthly)
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Most AffordableMost Expensive
Farmville · $1,291
More affordable than 88% of US cities · National median $1,965/mo
Affordability
38% of income
MODERATE
0%30% benchmark60%+

At $1,291/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.

Income to afford
$52,000/yr
Local median income
$40,966/yr
Based on the 30%-of-income rule using Farmville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$850
2 BR
$1,020
3 BR
$1,230
4 BR+
$1,540
Research median
$1,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,492/yr
At $1,291/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.1% MoM), not inventory.
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Demographics

Who lives here

Farmville, VA is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 34% of residents hold a bachelor's degree or higher.

Population
7,774
Median income
$40,966
Median age
24.8
Renters
63.4%
Age distribution
50.7%
15.1%
17.6%
Under 1810.1%
18–3450.7%
35–5415.1%
55–646.5%
65+17.6%
Gender
44%
56%
Male44%
Female56%
Race & ethnicity
65.3%
25.6%
White65.3%
Black25.6%
Hispanic2.4%
Asian1.5%
Other5.2%
Education (25+)
29.3%
25.9%
34%
No HS diploma10.9%
HS diploma29.3%
Some college25.9%
Bachelor's+34%
Housing tenure
36.6%
63.4%
Owner36.6%
Renter63.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Farmville, VA has changed in 5 years

Income
$35,690 → $40,966
up 14.8%
Population
7,266 → 7,774
up 7.0%
Renter share
63.1% → 63.4%
+0.3 pts
Bachelor's+
31.6% → 34%
+2.4 pts
Median age
23.5 → 24.8
+1.3 yrs

Median household income grew from $35,690 to $40,966 between 2021 and 2024, a 14.8% shift. Headcount in the area went from 7,266 to 7,774 between 2021 and 2024, a 7.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.6% to 34%.

Community

Discussions about Farmville

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View Farmville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Farmville on your salary?

At $1,291/mo, how Farmville rent compares to typical pay (30% rule).

By apartment size

Farmville rent by bedroom count

Median rent for each apartment size in Farmville. Click any size for full breakdown.

Local insights

Tips for renters in Farmville

About renting in Farmville, VA

Last updated: July 20, 2026

The median rent in Farmville is $1,291/mo as of July 2026. A studio apartment averages $850/mo while a 2-bedroom runs $1,020/mo. One-bedroom apartments average $850/mo and 3-bedroom units go for $1,230/mo.

At 38% of local median household income ($40,966/yr), Farmville ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Farmville an affordable city for renters?

Farmville is considered moderate for renters. At $1,291/mo, rent takes approximately 38% of the local median household income ($40,966/yr). The standard benchmark is 30%. Farmville slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Farmville?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,291/mo in Farmville. The local median household income is $40,966/yr, meaning the typical Farmville household falls short of that threshold.

Is rent going up or down in Farmville?

Rent in Farmville has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Farmville rent compare to other cities in Virginia?

Farmville is one of the more affordable cities in Virginia for rent, ranking #81 out of 83 tracked cities at $1,291/mo.

What percentage of Farmville residents rent vs. own?

According to Census data, approximately 63.4% of Farmville households are renters, while 36.6% are owner-occupied. With a majority renter population, Farmville has a strong rental market.

How does Farmville rent compare to the national average?

Farmville's median rent of $1,291/mo is $674 (34%) below the US national median of $1,965/mo. Within Virginia, it ranks #81 out of 83 tracked cities.
Income Affordability
38%
MODERATE

At $1,291/mo, rent takes ~38% of Farmville's median household income ($40,966/yr). The standard benchmark is 30%.

Farmville 38%Benchmark 30%
State income tax2–5.75%
Run the Farmville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Farmville, VA

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