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village (n.)

late 14c., "inhabited place larger than a hamlet but smaller than a town," from Old French vilage "houses and other buildings in a group" (usually smaller than a town), from Latin villaticum "farmstead" (with outbuildings), noun use of neuter singular of villaticus "having to do with a farmstead or villa," from villa "country house" (from PIE root *weik- (1) "clan"). As an adjective from 1580s. Village idiot is recorded from 1825. Related: Villager (1560s).

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Definitions of village from WordNet
1
village (n.)
a community of people smaller than a town;
Synonyms: small town / settlement
village (n.)
a settlement smaller than a town;
Synonyms: hamlet
2
Village (n.)
a mainly residential district of Manhattan; `the Village' became a home for many writers and artists in the 20th century;
Synonyms: Greenwich Village
From wordnet.princeton.edu