Velva, ND
Population 997 · North Dakota
About Velva, ND
Velva is a small community in North Dakota with a population of 997 residents. The median household income is $81,354 per year, which is above the national average. The median age in Velva is 35.1 years.
Housing in Velva has a median home value of $208,700 and median monthly rent of $755. Of the 448 total housing units, the majority are owner-occupied, with 287 owner-occupied and 93 renter-occupied units.
The unemployment rate in Velva is 1.6% and the poverty rate is 8.9%. 20.1% of residents hold a bachelor's degree or higher. The average commute time is 22.7 minutes.
How Velva Ranks in North Dakota
Cost of Living in Velva, ND
Compared to national averages, Velva has a median household income of $81,354 (8% above the national median of $75,149). Home values average $208,700, which is 15% below the national median. Monthly rent at $755 is 35% below the US average of $1,163. Within North Dakota, Velva's income is 12% above the state average of $72,691, and home values are 50% above the state median of $139,496.
Why Live in Velva, ND?
Velva offers a strong local economy with a median household income of $81,354, well above the national average, and affordable housing with a median home value of $208,700, below the US average of $244,900, and rent that’s lower than the national average at $755/month. Additionally, the city features a strong job market with an unemployment rate of just 1.6%, and a low poverty rate of 8.9%, better than the national average, and short commute times averaging just 22.7 minutes.
Velva has a population of 997 with a median age of 35.1 years. Compare Velva with other cities to see how it stacks up, or explore all cities in North Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Velva
What is the population of Velva, ND?
The population of Velva, ND is 997 according to the latest Census data.
What is the median household income in Velva?
The median household income in Velva, ND is $81,354 per year.
What is the median home value in Velva?
The median home value in Velva, ND is $208,700.
What is the average rent in Velva?
The median monthly rent in Velva, ND is $755.
What is the unemployment rate in Velva?
The unemployment rate in Velva, ND is 1.6%.