Prince Edward County First-Time Homebuyer Report for October

Prince Edward County has a much older population than other areas in Virginia with a median age of 31 years. It is also less affluent than average with a median income of $41,261 per household. Farmville, Hampden-Sydney, and Pamplin City are its three most populated cities. Detached homes account for 98% of the area's current housing market. The top school in the county is Eureka Elementary School.

Price Range

The median value of homes in Prince Edward County is $154,600, making the area almost identical to others in Virginia. At the same time, the average list price of available homes is presently $202,018. Farmville, Hampden-Sydney, and Pamplin City are the costliest places in the county. The Prince Edward County market slowed with a 33.3% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 5.3 monthly average with four homes sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Prince Edward County:

$149K   $930K   $349K  

Typical Dwelling

A three-bedroom detached home valued around $194,379 is considered a typical dwelling in Prince Edward County. If a buyer was looking for a similar home, they would need good credit and a $38,876 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $946 and the property tax rate is $5.32 per $1,000 of taxable assessed value.

Get started right now by checking out Prince Edward County homes for sale or reviewing Prince Edward County real estate trends.


Data reported through 10/13/2016

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