Last updated: 2024 BLS data · Page refreshed:
Velva has a population of 1,083 with a median age of 35.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,083 |
| Median Age | 35.4 |
| White | 90.0% |
| Hispanic or Latino | 2.3% |
| Other / Two or More Races | 7.7% |
The median household income in Velva is $83,060, which is 3.0% above the national median of $80,610. The per capita income is $34,768. The poverty rate is 8.2%.
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In Velva, 92.6% of residents age 25+ have a high school diploma or higher, and 20.5% hold a bachelor's degree or higher (4.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.6% |
| Bachelor's Degree or Higher | 20.5% |
| Graduate or Professional Degree | 4.9% |
The median home value in Velva is $194,600, below the national median of $303,400. The median monthly rent is $769. The homeownership rate is 78.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $194,600 |
| Median Monthly Rent | $769 |
| Homeownership Rate | 78.3% |
| Vacancy Rate | 10.8% |
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