Sign In Register

Velva, ND

Full City Profile · North Dakota · McHenry County County

3.3 /5.0
B Good
997 Population 1,039/sq mi density
$81,354 Median Income $37,832 per capita
$208,700 Home Value $211,194 Zillow
$755 Median Rent 20.8% income on rent
39°F Avg Temperature 274 sunny days/yr
253 Violent Crime/100K 1,095 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$81,354 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$208,700 home value, $755/mo rent
F
Safety
1.0 / 5.0
253 violent crimes/100K
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher

Housing Overview

Median Home Value
$208,700
26% below
US avg: $281,900
Median Rent
$755/mo
35% below
US avg: $1,163/mo
Homeownership Rate
75.5%
15% above US avg (65.4%)
Total Housing Units
454
Median year built: 1969

Home Value by Source

Census Median
$208,700
Zillow (ZHVI)
$211,194
Median Sale Price
$62,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

75.5%
Owner-Occupied
24.5%
Renter-Occupied
76%
25%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$769/mo
1 Bedroom
$795/mo
2 Bedroom
$965/mo
3 Bedroom
$1,297/mo
4 Bedroom
$1,588/mo
Census median rent: $755/mo

Market Indicators (Redfin)

Median Days on Market
115 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
1
Price Drops
50.0%
of listings with price reduction
Price Per Sq Ft
$32
Active Inventory
2
homes for sale

Affordability & Housing Stock

Rent Burden
20.8%
of renters spending 30%+ of income on housing
33% below US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
75.5%

Complete Housing Data

Home Values

Census Median Value$208,700
Zillow Home Value (ZHVI)$211,194
Median Sale Price$62,000
Price Per Sq Ft$32

Rent

Census Median Rent$755
FMR Studio$769
FMR 1-Bedroom$795
FMR 2-Bedroom$965
FMR 3-Bedroom$1,297
FMR 4-Bedroom$1,588

Market

Days on Market115
Sale-to-List Ratio0.0%
Price Drops50.0%
Homes Sold1
Active Inventory2
Price Per Sq Ft$32

Ownership & Stock

Owner-Occupied75.5%
Renter-Occupied24.5%
Homeownership Rate75.5%
Total Housing Units454
Median Year Built1969
Rent Burden20.8%