The List
There are 234 5 letter words with V as the first letter. The highest scoring is VOZHD at 21 points in Scrabble. 27 carry three or more vowels, which makes them useful for dumping a vowel-clogged rack.
VACUAVADEDVADESVAGALVAGUEVAGUSVAILSVAIREVAIRSVAIRYVAKASVAKILVALESVALETVALIDVALISVALORVALSEVALUEVALVEVAMPSVAMPYVANDAVANEDVANESVANGSVANTSVAPIDVAPORVARANVARASVARDYVARECVARESVARIAVARIXVARNAVARUSVARVEVASALVASESVASTSVASTYVATICVATUSVAUCHVAULTVAUNTVAUTEVAUTSVAWTEVEALEVEALSVEALYVEENAVEEPSVEERSVEERYVEGANVEGASVEGESVEGIEVEGOSVEHMEVEILSVEILYVEINSVEINYVELARVELDSVELDTVELESVELLSVELUMVENAEVENALVENDSVENEYVENGEVENINVENOMVENTSVENUEVENUSVERBSVERGEVERRAVERRYVERSEVERSOVERSTVERTSVERTUVERVEVESPAVESTAVESTSVETCHVEXEDVEXERVEXESVEXILVEZIRVIALSVIANDVIBESVIBEXVIBEYVICARVICEDVICESVICHYVIDEOVIERSVIEWSVIEWYVIFDAVIGASVIGIAVIGILVIGORVILDEVILERVILLAVILLIVILLSVIMENVINALVINASVINCAVINEDVINERVINESVINEWVINICVINOSVINTSVINYLVIOLAVIOLDVIOLSVIPERVIRALVIREDVIREOVIRESVIRGAVIRGEVIRIDVIRLSVIRTUVIRUSVISASVISEDVISESVISIEVISITVISNEVISONVISORVISTAVISTOVITAEVITALVITASVITEXVITTAVIVASVIVATVIVDAVIVERVIVESVIVIDVIXENVIZIRVIZORVLEISVLIESVLOGSVOARSVOCABVOCALVOCESVODDYVODKAVODOUVODUNVOEMAVOGIEVOGUEVOICEVOIDSVOILAVOILEVOIPSVOLAEVOLARVOLEDVOLESVOLETVOLKSVOLTAVOLTEVOLTIVOLTSVOLVAVOLVEVOMERVOMITVOTEDVOTERVOTESVOUCHVOUGEVOULUVOWEDVOWELVOWERVOXELVOZHDVRAICVRILSVROOMVROUSVROUWVROWSVUGGSVUGGYVUGHSVUGHYVULGOVULNSVUTTYVYING