Farmville, VA is an attractive area for housing due to its relatively low median value of $214,000 compared to the US House Median Value of $338,100. The appreciation rate of houses in Farmville has been higher than the national average over the past year at 13.65% compared to 8.27%. Therefore, those looking to invest in real estate in Farmville would likely experience a higher return on their investment than elsewhere in the US.
The median home cost in Farmville is $214,000. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Farmville is up 16.2%.
Average Age of Homes
- The median age of Farmville real estate is 48 years old
The Rental Market in Farmville
- Renters make up 54.7% of the Farmville population
- 2.6% of houses and apartments in Farmville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.