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ZipNumbers

North Dakota · Census place 81620

Velva city, ND

Quick answer

Velva city has 997 residents, ranking #52 of 406 places in North Dakota. Median household income is $81,354, the median home is worth $208,700 and median gross rent runs $755 a month.

Population
997Velva city residents
Median household income
$81,354Past 12 months, inflation adjusted
Median home value
$208,700Owner-occupied units
Median gross rent
$755Rent plus utilities, monthly
Median age
35.1 yrsAll residents
Homeownership rate
75.5%Owner-occupied households

What the numbers mean in Velva city

Housing cost measured against local earnings.

A household earning the Velva city median would spend about 11.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 75.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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