Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Velva area can be challenging. Home prices in Velva are now at a median cost of $203,136, lower than the North Dakota average of $223,566.
The average cost of rent is $668/mo in Velva, primarily driven by the current value of real estate in the Velva area. While nearly 48.24% of residents own their homes outright in Velva, 25.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Velva is $5,850 per month. Households that rent pay about 11.42% of their income on rent here. Velva's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Sawyer, ND: higher priced homes
- Voltaire, ND: equally priced homes
- Simcoe, ND: less expensive homes
- Kongsberg, ND: less expensive homes
- Norwich, ND: less expensive homes
- Karlsruhe, ND: less expensive homes
- Surrey, ND: higher priced homes
- South Prairie, ND: higher priced homes
- Granville, ND: less expensive homes
- Benedict, ND: higher priced homes
Cities with Similar Populations
- Ponca, NE: less expensive homes
- Malin, OR: higher priced homes
- Manns Choice, PA: less expensive homes
- McKenzie, AL: less expensive homes
- Medaryville, IN: less expensive homes
- Mill Creek, WV: less expensive homes
- Milledgeville, IL: less expensive homes
- Minier, IL: less expensive homes
- Pineview, GA: less expensive homes
- Madison, NH: higher priced homes
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