The municipality lies at the edge of the Hunsrück on the Deutsche Edelsteinstraße (“German Gem Road”), roughly 5 km north of Idar-Oberstein.

In the early 13th century, Veitsrodt had its first documentary mention in a directory of fiefs kept by Saint Maximin's Abbey in Trier.

The village was then known simply as Rodt, which was descriptive of how it had arisen, namely as a clearing (Modern High German: Rodung) in the forest.

Saint Maximin's Abbey held the church patronage rights and the tithes in Veitsrodt at the beginning of the 13th century.

Enfeoffment documents from 1434 referred to it as Vogtei des Hofes Raide (Vogtei meant a reeve's office or responsibilities; des Hofes is genitive for der Hof, meaning “the estate”) Beginning in the late 15th century, the village was called by its modern name, Veitsrodt.

After Napoleon’s downfall and the Congress of Vienna, Veitsrodt became German again, but still remained in the same mayoralty, now known as the Bürgermeisterei of Herrstein.

In 1815 the village passed to Prussia and in 1817 to the Principality of Birkenfeld, an exclave of the Grand Duchy of Oldenburg, most of whose territory was in what is now northwest Germany, with a coastline on the North Sea.

The following are listed buildings or sites in Rhineland-Palatinate’s Directory of Cultural Monuments:[8] The one building that characterizes the village is the Baroque Evangelical church in the village centre, outfitted with an organ by the famous family of organ builders Stumm.

Bearing witness to this are two charges in the civic coat of arms, a bull's head and a pair of clasped hands, symbolizing agreement on a deal.