Velma, OK

Comprehensive Demographic, Economic, and Housing Data Profile

Living in Velma, OK: Quick Facts & Overview

  • Population: 590 residents (168 people per sq. mi.)
  • Average House Price: $112,052
  • Average Household Income: $87,674

Velma, OK is located in the state of Oklahoma. It is home to about 590 people, with around 168 residents living in every square mile.

If you want to buy a house in Velma, the average price is around $112,052. That makes local housing 30% lower than the Oklahoma average of $160,430, and 64% lower than the national average of $308,592.

The average household in Velma earns about $87,674 a year. This income is 40% higher than the average family in Oklahoma ($62,528), and 11% higher than the national average ($78,686).

Population 590
Median Household Income $87,674
Median Home Value $112,052
Median Age 41.8 yrs

Household Income Brackets

Racial & Ethnic Demographics

Age Distribution

Educational Attainment

Economic & Labor Indicators

Individual Median Income$48,000
Labor Force Participation59.8%
Unemployment Rate5.2%
Average Commute Time24.6 mins

Housing & Community Metrics

Home Ownership Rate74.3%
Median Rent$888
Rent Burdened (>30% Income)33.2%
Total Housing Units253

Additional Census & Housing Profile

Geographic Overview

CountyStephens
County FIPS40137
Metro Area (CBSA)Duncan, OK
Combined Area (CSA)Lawton-Duncan, OK
Population Density168.3/sq mi
Coordinates (lat/lng)34.4546, -97.6620
TimezoneAmerica/Chicago
National Ranking3
IncorporatedYes

Household Structure

Average Family Size2.47
Dual Income Families41.8%

Marital Status

Married61.4%
Never Married15.9%
Divorced13.5%
Widowed9.2%

Gender

Male49.8%
Female50.2%

Health & Poverty

Uninsured Rate (Health)8.1%
Poverty Rate22.7%

Key Population Groups

Veterans10.4%
Disabled Population12.2%
Limited English Proficiency-

All ZIP Codes in Velma

ZIP Code Population Median Household Income Median Home Value
73491 791 $83,750 $125,160

Nearby Cities

City Distance Population
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