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Velva, ND Housing

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As of 2010-2014, median price of a house in Velva is $109,800, which is lower than the state average of $142,000 and is much lower than the national average of $175,700. The Velva median house value has grown by 132.63% since 2000. The growth rate for the price of a house in Velva is much higher than the state average rate of 90.86% and is much higher than the national average rate of 46.91%. The median year that a house in Velva was built is 1960, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 310 Owner Occupied Houses in Velva, ND, #68

Velva, ND	109,800 USD
North Dakota	142,000 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #130

Velva, ND	132.63%
North Dakota	90.86%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Velva, ND	North Dakota	U.S.
Total Housing Units	485, see rank, 100%	332,010	132,741,033
Occupied Housing Units	458, 94.43%, see rank	88.13%	87.55%
Owner Occupied	310, 63.92%, see rank	57.41%	56.34%
Renter Occupied	148, 30.52%, see rank	30.72%	31.21%
Vacant Housing Units	27, 5.57%, see rank	11.87%	12.45%
For Rent	13, 2.68%, see rank	1.87%	2.34%
For Sale Only	0, 0.00%, see rank	0.78%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	14, 2.89%, see rank	4.12%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.27%	0.03%
Other Vacant	0, 0.00%, see rank	3.98%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #177

Velva, ND	North Dakota	U.S.
1960	1975	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Velva, ND	%	North Dakota	U.S.
Owner-Occupied Units	310	100%	190,620	74,787,460
With a Mortgage	152	49.03%, see rank	53.72%	65.58%
Without a Mortgage	158	50.97%, see rank	46.28%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Velva, ND	1,101 USD
North Dakota	1,236 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Velva, ND	%	North Dakota	U.S.
$299 or Less	0	0.00%, see rank	0.21%	0.20%
$300 to $499	0	0.00%, see rank	2.49%	1.59%
$500 to $699	19	12.50%, see rank	7.77%	5.01%
$700 to $999	36	23.68%, see rank	21.33%	14.32%
$1,000 to $1,499	82	53.95%, see rank	36.51%	27.90%
$1,500 to $1,999	7	4.61%, see rank	19.03%	20.35%
$2,000 to $2,999	8	5.26%, see rank	10.50%	19.52%
$3,000 or More	0	0.00%, see rank	2.18%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Velva, ND	20.30% of the Total Income
North Dakota	18.90% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Velva, ND	%	North Dakota	U.S.
10% or Less	11	7.24%, see rank	10.95%	5.86%
10% to 20%	64	42.11%, see rank	44.37%	31.95%
20% to 30%	35	23.03%, see rank	26.62%	27.64%
30% to 40%	20	13.16%, see rank	9.22%	13.74%
40% or More	22	14.47%, see rank	8.66%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Velva, ND	410 USD
North Dakota	419 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Velva, ND	%	North Dakota	U.S.
$199 or Less	18	11.39%, see rank	8.51%	7.76%
$200 to $299	14	8.86%, see rank	15.81%	14.70%
$300 to $499	93	58.86%, see rank	43.50%	34.63%
$500 to $699	21	13.29%, see rank	21.74%	21.16%
$700 or More	12	7.59%, see rank	10.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Velva, ND	11.00% of the Total Income
North Dakota	10.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Velva, ND	%	North Dakota	U.S.
10% or Less	68	43.04%, see rank	53.67%	40.19%
10% to 20%	61	38.61%, see rank	27.00%	31.47%
20% to 30%	11	6.96%, see rank	9.05%	12.24%
30% to 40%	0	0.00%, see rank	3.59%	5.64%
40% or More	16	10.13%, see rank	5.85%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Velva, ND	North Dakota	U.S.
Total Housing Units	485, 100%	332,010	132,741,033
1-unit, Detached	366, 75.46%, see rank	60.49%	61.65%
1-unit, Attached	0, 0.00%, see rank	5.39%	5.82%
2 Units	6, 1.24%, see rank	2.14%	3.75%
3 or 4 Units	13, 2.68%, see rank	3.93%	4.43%
5 to 9 Units	30, 6.19%, see rank	3.91%	4.78%
10 or More Units	33, 6.80%, see rank	16.22%	13.08%
Mobile Home, Boat, RV, Van, etc.	37, 7.63%, see rank	7.92%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Velva, ND	North Dakota	U.S.
Total Housing Units	485, 100%	332,010	132,741,033
1 Room	0, 0.00%, see rank	1.56%	1.95%
2 Rooms	5, 1.03%, see rank	3.17%	2.48%
3 Rooms	66, 13.61%, see rank	9.49%	9.13%
4 Rooms	70, 14.43%, see rank	17.11%	16.60%
5 Rooms	78, 16.08%, see rank	17.47%	20.41%
6 Rooms	78, 16.08%, see rank	13.53%	18.06%
7 Rooms	74, 15.26%, see rank	11.31%	12.27%
8 Rooms	33, 6.80%, see rank	9.75%	8.48%
9 Rooms or More	81, 16.70%, see rank	16.61%	10.60%
Median Rooms	5.80, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Velva, ND	North Dakota	U.S.
Total Housing Units	485, 100%	332,010	132,741,033
No Bedroom	0, 0.00%, see rank	1.70%	2.17%
1 Bedroom	53, 10.93%, see rank	10.16%	11.16%
2 Bedrooms	184, 37.94%, see rank	29.49%	26.69%
3 Bedrooms	118, 24.33%, see rank	32.98%	39.70%
4 Bedrooms	115, 23.71%, see rank	18.64%	16.05%
5 or More Bedrooms	15, 3.09%, see rank	7.04%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Velva, ND	North Dakota	U.S.
Total Housing Units	458, 100%	292,616	116,211,092
Utility Gas	29, 6.33%, see rank	40.94%	48.85%
Bottled, Tank, or LP Gas	174, 37.99%, see rank	13.27%	4.86%
Electricity	233, 50.87%, see rank	38.79%	36.68%
Fuel Oil, Kerosene, etc.	19, 4.15%, see rank	3.70%	5.86%
Coal or Coke	0, 0.00%, see rank	0.36%	0.12%
Wood	0, 0.00%, see rank	0.57%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	3, 0.66%, see rank	1.43%	0.47%
No Fuel Used	0, 0.00%, see rank	0.91%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Velva, ND	North Dakota	U.S.
Occupied Units Paying Rent	128, 100%	93,878	39,201,928
$199 or Less	12, 9.38%, see rank	2.85%	1.50%
$200 to $299	19, 14.84%, see rank	4.30%	3.18%
$300 to $499	26, 20.31%, see rank	15.75%	7.37%
$500 to $699	36, 28.13%, see rank	30.88%	16.01%
$700 to $999	20, 15.63%, see rank	28.91%	29.17%
$1,000 to $1,499	0, 0.00%, see rank	12.39%	26.88%
$1,500 to $1,999	9, 7.03%, see rank	2.94%	9.79%
$2,000 or More	6, 4.69%, see rank	1.99%	6.10%
Median	$602, see rank	$676	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Velva, ND	North Dakota	U.S.
Occupied Housing Units	458, 100%	292,616	116,211,092
No Vehicles Available	33, 7.21%, see rank	5.53%	9.12%
1 Vehicles Available	138, 30.13%, see rank	28.78%	33.80%
2 Vehicles Available	181, 39.52%, see rank	37.84%	37.48%
3 or More Vehicles Available	106, 23.14%, see rank	27.85%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.