Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Velma area can be challenging. Home prices in Velma are now at a median cost of $121,525, lower than the Oklahoma average of $161,319.
The average cost of rent is $718/mo in Velma, primarily driven by the current value of real estate in the Velma area. While nearly 60.38% of residents own their homes outright in Velma, 20.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Velma is $4,944 per month. Households that rent pay about 14.52% of their income on rent here. Velma's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Countyline, OK: equally priced homes
- Loco, OK: equally priced homes
- Tussy, OK: higher priced homes
- Ratliff City, OK: equally priced homes
- Fox, OK: less expensive homes
- Tatums, OK: less expensive homes
- Graham, OK: less expensive homes
- Duncan, OK: equally priced homes
- Gas City, OK: less expensive homes
- Sunray, OK: equally priced homes
Cities with Similar Populations
- Roscoe, NY: higher priced homes
- Olpe, KS: higher priced homes
- Pateros, WA: higher priced homes
- Pendleton, KY: higher priced homes
- Pheba, MS: equally priced homes
- Plummer, ID: higher priced homes
- Raymond, CA: higher priced homes
- Reelsville, IN: higher priced homes
- Reliez Valley, CA: higher priced homes
- Rocky Hill, NJ: higher priced homes
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