Velva, a city located in the state of North Dakota (ND), is home to a population of approximately 1,050 people. Velva boasts a median age of 37.5, with around 26.6% of its residents aged 60 or above. 6.8% of the population identifies as US Veterans. 15.2% of Velva residents are disabled. The city has an average household income of $75,147, while the unemployment rate stands at 2.4%, and around 5.6% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Velva is $168,378, with a monthly rent averaging $712.