There are 455 5-letter words containing V in the ENABLE dictionary — 5% of all 8,636 words at this length. At 4 points, V is worth more than most tiles without being awkward enough to hold back for — it is generally better placed than saved.
The V falls in the third position more often than any other, in 165 of them. 11 of them use the letter more than once — civvy, divvy, navvy, savvy among them, which is the case worth checking twice when a game has told you a letter is present but not how many times.
If you know more than one letter, this page stops being the fast way to find it. Enter what you have in the unscrambler — the Contains, Starts with and Ends with filters combine, and setting both length fields to 5 narrows this list to the handful your letters actually allow.
Where the V sits
V in the first position (161)
vacua vagal vague vagus vails vairs vakil vales valet valid valor valse value valve vamps vanda vaned vanes vangs vapid vapor varas varia varix varna varus varve vasal vases vasts vasty vatic vatus vault vaunt veals vealy veena veeps veers veery vegan vegie veils veins veiny velar velds veldt velum venae venal vends venge venin venom vents venue verbs verge verse verso verst verts vertu verve vesta vests vetch vexed vexer vexes vexil vials viand vibes vicar viced vices vichy video viers views viewy vigas vigil vigor viler villa villi vills vimen vinal vinas vinca vined vines vinic vinos vinyl viola viols viper viral vireo vires virga virid virls virtu virus visas vised vises visit visor vista vitae vital vitta vivas vivid vixen vizir vizor vocal voces vodka vodun vogie vogue voice voids voila voile volar voled voles volta volte volti volts volva vomer vomit voted voter votes vouch vowed vowel vower vroom vrouw vrows vuggs vuggy vughs vulgo vulva vying