Oklahoma · Census place 76900
Velma town, OK
Quick answer
Velma town has 585 residents, ranking #332 of 846 places in Oklahoma. Median household income is $61,806, the median home is worth $105,200 and median gross rent runs $920 a month.
- Population
- 585Velma town residents
- Median household income
- $61,806Past 12 months, inflation adjusted
- Median home value
- $105,200Owner-occupied units
- Median gross rent
- $920Rent plus utilities, monthly
- Median age
- 41.7 yrsAll residents
- Homeownership rate
- 74.5%Owner-occupied households
What the numbers mean in Velma town
Housing cost measured against local earnings.
A household earning the Velma town median would spend about 17.9% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.6% of residents and 74.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Oklahoma.
- Garber city 604
- Clayton town 593
- Canute town 588
- Red Oak town 582
- Nicut CDP 580
- Fort Towson town 578
- Mountain View town 575
Keep going
More Oklahoma coverage.