Median Income
$81,354
8% higher than US avg
Home Value
$208,700
26% lower than US avg
Bachelor's+
20.1%
40% lower than US avg
Median Rent
$755
35% lower than US avg
Obesity Rate
42.4%
32% higher than US avg
Unemployment
1.1%
69% lower than US avg
Poverty Rate
6.2%
50% lower than US avg
How Velva Compares to the U.S. Average (100% = U.S. avg)
People
Population997
Median Age35.1 yrs
Density1,039/mi²
Male / Female42% / 58%
Largest GroupWhite 94%
Economy
A+
Median Income$81,354
Per Capita$37,832
Unemployment1.1%
Poverty6.2%
County GDP$279M
Commute23 min
Housing
A+
Home Value$208,700
Rent$755
OwnershipN/A
Zillow$211,194
Health
Obesity42.4%
UninsuredN/A
Depression22.5%
Heart Disease5.6%
Climate
Avg Temp39°F
AQI38 (Good)
Rain19.2 in/yr
Elevation1,509 ft
Education
C+
Bachelor's+20.1%
High School+93.7%
School Score5.74
Community
2024 VoteR 81% / D 18%
Commute23 min
Libraries1
Is Velva a Good Place to Live?
Based on current data, Velva receives an overall livability score of 4.1 out of 5.0, earning a grade of A. Key strengths include low unemployment, affordable housing, a low poverty rate. Areas to be aware of include high obesity rates. Velva stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Velva is $81,354, roughly in line with the national average of $75,149. The job market is very strong with unemployment at just 1.1%. Only 6.2% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 23 minutes.
Cost of Living & Housing
The median home value in Velva is $208,700, 26% below the national median — offering relatively affordable homeownership. Renters pay a median of $755 per month, below the national average — a plus for affordability. At just 2.6x median income, home prices are very affordable relative to local earnings.
Education
20.1% of residents hold a bachelor's degree, below the national average of 33.7%. 93.7% have completed high school. Area schools have an average test score of 5.7/10.
Climate & Weather
Velva has a cool climate with an average annual temperature of 39°F. Winters average 8°F in January while summers reach 67°F in July. Annual precipitation totals 19.2 inches, including 41.0 inches of snow. Air quality is rated Good with a median AQI of 38.
Velva has a population of 997 with a density of 1,039 people per square mile. The median age is 35.1 years, 10% younger than the national median of 38.9. The city is predominantly White (94.2%), with 3.2% Hispanic.
Population
35.1yrs
Median Age
10% below US avg
Language Spoken at Home
| English Only | 96.6% |
| 23% above US avg |
| Spanish | 3.4% |
| 75% below US avg |
The median household income in Velva is $81,354, which is 8% above the national average of $75,149. The unemployment rate is 1.1% (below the 3.6% US average). 6.2% of residents live below the poverty line. Workers commute an average of 23 minutes.
Income
| Median HH Income | $81,354 |
| 8% above US avg |
| Per Capita Income | $37,832 |
| Avg Weekly Wage | $1,065 |
| IRS Avg AGI | $73,637 |
Employment & Poverty
| Unemployment | 1.1% |
| 69% below US avg |
| Poverty Rate | 6.2% |
| 50% below US avg |
| Establishments (County) | 242 |
| County GDP | $279M |
Business (County)
| Restaurants | 9 |
| Healthcare | 10 |
| Retail | 15 |
| Manufacturing | 5 |
Tax & Cost of Living
| Property Tax (IRS) | $2,200 |
| 37% below US avg |
| Effective Tax Rate | 1.05% |
Commute & Transportation
| Commute Time | 22.7 min |
| Work from Home | 4.8% |
The median home value in Velva is $208,700, 26% below the national average. Monthly rent averages $755 (35% below US avg). Zillow estimates the typical home value at $211,194.
Home Values
| Census Median | $208,700 |
| 26% below US avg |
| Zillow ZHVI | $211,194 |
Real Estate Market (Redfin)
| $/Sq Ft | $32 |
| Homes Sold | 1 |
| Sale-to-List Ratio | 0.0% |
| Price Drops | 50.0% |
| Inventory | 2 |
Rental Costs
| Census Median Rent | $755 |
| 35% below US avg |
HUD Fair Market Rent
| Studio | $769 |
| 1 Bedroom | $795 |
| 2 Bedrooms | $965 |
| 3 Bedrooms | $1,297 |
| 4 Bedrooms | $1,588 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $2,200 |
| 37% below US avg |
| Effective Rate | 1.05% |
In Velva, 42.4% of adults are obese (above the 32.1% national rate). 22.5% report depression. 25.0% are physically inactive.
Health Metrics: Velva vs U.S. Average (%)
Chronic Conditions
| Obesity | 42.4% |
| 32% above US avg |
| Diabetes | 9.1% |
| Heart Disease | 5.6% |
| High Blood Pressure | 31.4% |
| Asthma | 10.6% |
| COPD | 6.3% |
| Stroke | 3.0% |
Behaviors & Mental Health
| |
| Binge Drinking | 22.0% |
| Physical Inactivity | 25.0% |
| Depression | 22.5% |
| Mental Distress | 16.2% |
| Physical Distress | 12.5% |
Healthcare Access
| Insurance Rate | 92.4% |
| |
| Checkup Rate | 72.7% |
| Premature Death | 8,292/100K |
Food & Exercise
| Food Environment | 7.9/10 |
| Exercise Access | 27.7% |
| Healthcare Facilities | 10 |
Crime Rates: Velva vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 1 |
Safety Score
Velva has an average annual temperature of 39°F (4°C). Winters average 8°F in January while summers reach 67°F in July. Annual precipitation is 19.2 inches. Air quality is rated Good with a median AQI of 38.
Temperature
8°F Jan (-13°C)
67°F Jul (19°C)
| Annual Average | 39.3°F |
| 27% below US avg |
| January Average | 8°F (-13°C) |
| July Average | 67°F (19°C) |
Precipitation & Snow
| Annual Rainfall | 19.2 inches |
| 50% below US avg |
| Snowfall | 41.0 inches/yr |
Air Quality
| AQI Median | 38.0 |
| Rating | Good |
Geography
| Elevation | 1,509 ft (460 m) |
| Area | 1.0 sq mi (2.5 km²) |
| Population Density | 1,039/sq mi |
| Coordinates | 48.0582°N, 100.9329°W |
| County FIPS | 38049 |