Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.6 yrs |
|---|---|
| Avg HH Size | 2.45 |
| Below Poverty | 24.5% ▲ 145% above avg |
| College Grads | 17.6% ▼ 55% below avg |
| Unemployment | 7.3% ▲ 49% above avg |
| No HS Diploma | 5 (1%) |
| HS Graduate | 268 (53.5%) |
| Some College | 54 (10.8%) |
| Associates | 86 (17.2%) |
| Bachelors | 17 (3.4%) |
| Graduate Degree | 71 (14.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $58,750 ▼ 23% below avg |
|---|---|
| Median Home Value | $110,000 ▼ 61% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $940/mo |
| Total Housing Units | 354 |
| Vacant Units | 42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Velma is a city in Oklahoma, located in Stephens County. The city spans 1 ZIP code and is home to approximately 763 residents. It is a middle-aged city, with a median age of 38.6 years.
Economically, Velma is a solidly middle-class community. The median household income of $58,750 is below the national average. Approximately 24.5% of residents live below the poverty line. The unemployment rate is 7.3%, above the national average.
The real estate market in Velma is one of the more affordable housing markets in the country. Median home values stand at $110,000, which is well below the national average. Renters typically pay around $940 per month. Homeownership is high at 77.2%, typical of suburban and family-oriented communities.
The population of Velma is less-educated. 17.6% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (77.06%).
Velma, OK offers residents a cost-conscious lifestyle within Oklahoma.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 73491 | 763 | $58,750 | $110,000 | $940 | 7.3% | 17.6% | 77.2% |