Last updated: 2024 BLS data · Page refreshed:
Velda City has a population of 1,158 with a median age of 32.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,158 |
| Median Age | 32.7 |
| White | 2.3% |
| Black or African American | 94.0% |
| Asian | 0.9% |
| Hispanic or Latino | 1.8% |
| Other / Two or More Races | 1.0% |
The median household income in Velda City is $37,105, which is 54.0% below the national median of $80,610. The per capita income is $19,780. The poverty rate is 21.6%.
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In Velda City, 89.3% of residents age 25+ have a high school diploma or higher, and 15.6% hold a bachelor's degree or higher (3.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.3% |
| Bachelor's Degree or Higher | 15.6% |
| Graduate or Professional Degree | 3.5% |
The median home value in Velda City is $49,500, below the national median of $303,400. The median monthly rent is $1,218. The homeownership rate is 60.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $49,500 |
| Median Monthly Rent | $1,218 |
| Homeownership Rate | 60.3% |
| Vacancy Rate | 22.2% |
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