Velva, ND
Full City Profile · North Dakota · McHenry County County
4.1
/5.0
A
Great
997
Population
1,039/sq mi density
$81,354
Median Income
$37,832 per capita
$208,700
Home Value
$218,925 Zillow
$755
Median Rent
20.8% income on rent
39°F
Avg Temperature
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.6 / 5.0
$81,354 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$208,700 home value, $755/mo rent
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)
$218,925
Redfin Median Sale
$62,000
Median Sale Price
$62,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.5%
Owner-Occupied
24.5%
Renter-Occupied
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 Sale Price
$62,000
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) | $218,925 |
| Redfin Median Sale | $62,000 |
| 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 Market | 115 |
| Sale-to-List Ratio | 0.0% |
| Price Drops | 50.0% |
| Homes Sold | 1 |
| Active Inventory | 2 |
| Price Per Sq Ft | $32 |
Ownership & Stock
| Owner-Occupied | 75.5% |
| Renter-Occupied | 24.5% |
| Homeownership Rate | 75.5% |
| Total Housing Units | 454 |
| Median Year Built | 1969 |
| Rent Burden | 20.8% |