Commercial Real Estate Market in Farmville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
118 active listings and 628 off-market properties in Farmville, VA. Commercial property asks $204/SF to buy and $36.00/SF/Yr to lease.
Market Trends
Farmville, VA spans 193.6 square miles in Prince Edward County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Farmville, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Farmville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Farmville, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Farmville, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 49%
- Residential 47.1%
Largest Zones share of zoned land by district
Low Density Residential
High Density Residential
Highway Commercial
Medium Density Residential
Transitional Commercial
Farmville, VA zones 5,259 acres across 9 districts. Commercial zoning covers 49% of zoned land, residential 47.1%. The largest single district is Low Density Residential at 35.4%. For commercial buyers the practical constraint is that only 49% of land carries a commercial or industrial designation.
Low Density Residential (R1)
Low density residential district, R1, encompasses low-density single-family residential areas, both existing and planned
Market overview
Demographics & Economy
Farmville, VA has 17,055 residents in 6,599 households. Density runs 88 people per square mile. Median household income here is $51,992 and median gross rent $878 a month.
17,055
Population
6,599
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
193.6 sq mi
ZIP Area
88
Density / Sq Mi
$51,992
Median Household Income
$27,509
Median Earnings
$878
Median Rent
$220,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hampden Sydney | — | — |
| Rice | — | — |
| Prospect | — | — |
| Green Bay | — | — |
Commercial property in Farmville, VA asks $204/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farmville?
Commercial property in Farmville, VA asks an average of $204 per square foot.
How much does it cost to lease commercial space in Farmville?
Asking lease rates in Farmville, VA average $36.00 per square foot per year.
What zoning applies to commercial property in Farmville?
Farmville, VA zones 5,259 acres across 9 districts, of which 49% is commercial and 0% industrial. The largest single district is Low Density Residential at 35.4% of zoned land. Low density residential district, R1, encompasses low-density single-family residential areas, both existing and planned Residential zoning covers 47.1% and open space 0%.
Where does Realmo's Farmville market data come from?
Realmo compiles Farmville, VA figures from 7 recent recorded sales, 111 active sale listings, 7 active lease listings, 628 tracked off-market properties, the current Farmville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 111 active for-sale and 7 active for-lease listings in Farmville, VA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,259 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
