At a Glance
Median Income
$81,354
$37,832 per capita
Home Value
$208,700
Zillow: $218,925
Median Rent
$755/mo
20.8% of income on rent
Bachelor's Degree+
20.1%
93.7% high school+
Unemployment
1.6%
6.2% poverty rate
Obesity Rate
42.4%
16.2% smoking rate
How Velva Compares to the U.S. Average
Each bar shows Velva's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Velva a Good Place to Live?
A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Velva residents earn a median household income of $81,354 , which is 8% above the national average of $75,149.
Per capita income is $37,832. The unemployment rate stands at 1.6% (56% below the U.S. rate of 3.6%). 6.2% of residents live below the poverty line. The area is home to 242 business establishments, including 9 restaurants.
Housing & Cost of Living
The median home value in Velva is $208,700 , 26% below the national median of $281,900.
Zillow estimates the typical home at $218,925. Median rent is $755/month, with 20.8% of renters spending more than 30% of income on housing. The cost of living index is 89.0 (100 = national average). The median home was built in 1969.
Education
20.1% of adults in Velva hold a bachelor's degree or higher
(40% below the national average).
93.7% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
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 totals 19.2 inches.
Data Overview
People
Population997
Median Age35.1 yrs
Density1,039/mi²
Male / Female42% / 58%
Foreign Born0.4%
Veterans6.7%
Economy
A+
Median Income$81,354
Per Capita$37,832
Unemployment1.6%
Poverty6.2%
County GDP$279M
Avg Weekly Wage$1,065
Housing
A+
Home Value$208,700
Rent$755
Ownership75.5%
Zillow$218,925
Housing Units454
Rent Burden20.8%
Health
Obesity42.4%
Diabetes9.1%
Smoking16.2%
Heart Disease5.6%
Premature Death8,292/100K
Climate
Avg Temp39°F
Rain19.2 in/yr
Elevation1,509 ft
Education
C+
Bachelor's+20.1%
High School+93.7%
Graduate+6.4%
School Score5.8/10
Community
2024 VoteR 81% / D 18%
Commute23 min
Broadband79.5%
Internet Speed199 Mbps
EV Stations6
Libraries1
Did You Know?
The median home in Velva was built in 1969.
The nearest airport is Minot International (21 miles).
The Gini coefficient (income inequality) is 0.428 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
10.8% of the population has a disability.
Average internet download speed is 199 Mbps.
The county recorded 1 fatal vehicle crashes.