Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.0 yrs |
|---|---|
| Avg HH Size | 2.49 |
| Below Poverty | 9.4% ≈ Avg |
| College Grads | 40.9% ≈ Avg |
| Unemployment | 1.2% ▼ 75% below avg |
| HS Graduate | 325 (32.9%) |
| Some College | 153 (15.5%) |
| Associates | 107 (10.8%) |
| Bachelors | 153 (15.5%) |
| Graduate Degree | 251 (25.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $81,563 ≈ Avg |
|---|---|
| Median Home Value | $232,500 ▼ 17% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $732/mo |
| Total Housing Units | 649 |
| Vacant Units | 73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Velva is a city in North Dakota, located in McHenry County. The city spans 1 ZIP code and is home to approximately 1,500 residents. It is a middle-aged city, with a median age of 39 years.
Economically, Velva is a middle-income community. The median household income of $81,563 is near the national average. Approximately 9.4% of residents live below the poverty line. The unemployment rate is 1.2%, well below the national average.
The real estate market in Velva is an affordable housing market. Median home values stand at $232,500, which is below the national average. Renters typically pay around $732 per month. Homeownership is high at 73.8%, typical of suburban and family-oriented communities.
The population of Velva is well-educated. 40.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (96.07%).
Velva, ND offers residents above-average earning potential within North Dakota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 58790 | 1,500 | $81,563 | $232,500 | $732 | 1.2% | 40.9% | 73.8% |