Farmville, VA Profile: Facts & Data

The Town of Farmville had a population of 7,535 as of July 1, 2024. Farmville ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia. See peer rankings below.

The primary coordinate point for Farmville is located at latitude 37.3021 and longitude -78.3919 in Prince Edward County. The formal boundaries for the Town of Farmville encompass a land area of 7.2 sq. miles and a water area of 0.13 sq. miles. Prince Edward County is in the Eastern time zone (GMT -5).

While the primary coordinates for Town of Farmville are located in Prince Edward County, it should be noted that the formal boundaries for this community also extend into and Cumberland County.

The Town of Farmville has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Farmville, VA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	7,535 (100%)
Population in Households	4,718 (62.6%)
Population in Families	3,035 (40.3%)
Population in Group Quarters¹	2,817 (37.4%)
Population Density	982
Diversity Index²	70


INCOME
Median Household Income	$38,570
Average Household Income	$58,190
% of Income for Mortgage⁴	41%
Per Capita Income	$18,669
Wealth Index⁵	43
Socioeconomic Status Index⁶	Low (43.9)

HOUSING
Total HU (Housing Units)	2,817 (100%)
Owner Occupied HU	1,188 (42.2%)
Renter Occupied HU	1,107 (39.3%)
Vacant Housing Units	522 (18.5%)
Median Home Value	$249,240
Average Home Value	$288,517
Housing Affordability Index³	64

HOUSEHOLDS
Total Households	2,295
Average Household Size	2.06
Family Households	1,095
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Farmville, VA - Peer Comparisons by Rank and Percentile

The table below compares Farmville to the other 688 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.19%	-0.07%
Households	0.19%	0.38%
Families		0.04%
Median Household Income		0.59%
Per Capita Income		2.82%
Owner Occupied HU		0.96%

Variable Description	Rank	Percentile
Total Population	# 163	76th
Population Density	# 263	62nd
Median Household Income	# 601	13th
Housing Affordability Index	# 137	20th
Per Capita Income	# 664	4th
Diversity Index	# 128	82nd

Farmville, VA Profile: Facts & Data

Farmville, Virginia - Basic Facts

Farmville, VA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Farmville, VA - Peer Comparisons by Rank and Percentile

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Prince Edward County