Velva, ND Real Estate
According to census data in the year 2000 there were 472 housing units in Velva.
This represents a 2.9% decline from 486 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 472 were located in what is classified as a rural area.
Homeownership rate in Velva is about 76.5%.
Velva's vacancy rate, including seasonal lodging, is about 10%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Velva were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 11.20% |
| Two Bedrooms | 27.80% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $47,200 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.65 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $267 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3% |
| Home Equity Loan | 2.70% |
| Simple Mortgage | 39.50% |
| Debt Free | 54.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
