Velma, MS
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Velma, MS: Quick Facts & Overview
- Population: 8,963 residents (11 people per sq. mi.)
- Average House Price: $134,927
- Average Household Income: $58,258
Velma, MS is located in the state of Mississippi. It is home to about 8,963 people, with around 11 residents living in every square mile.
If you want to buy a house in Velma, the average price is around $134,927. That makes local housing 4% lower than the Mississippi average of $139,867, and 56% lower than the national average of $308,592.
The average household in Velma earns about $58,258 a year. This income is 11% higher than the average family in Mississippi ($52,519), and 26% lower than the national average ($78,686).
Population
8,963
Median Household Income
$58,258
Median Home Value
$134,927
Median Age
39.5 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $28,806 |
| Labor Force Participation | 57.3% |
| Unemployment Rate | 2.5% |
| Average Commute Time | 28.2 mins |
Housing & Community Metrics
| Home Ownership Rate | 72.9% |
| Median Rent | $645 |
| Rent Burdened (>30% Income) | 26.7% |
| Total Housing Units | 3,403 |
Additional Census & Housing Profile
Geographic Overview
| County | Yalobusha |
| County FIPS | 28161 |
| Metro Area (CBSA) | Oxford, MS |
| Population Density | 11.1/sq mi |
| Coordinates (lat/lng) | 34.0604, -89.6445 |
| Timezone | America/Chicago |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 3.15 |
| Dual Income Families | 44.9% |
Marital Status
| Married | 45.8% |
| Never Married | 31.5% |
| Divorced | 14.9% |
| Widowed | 7.8% |
Gender
| Male | 49.1% |
| Female | 50.9% |
Health & Poverty
| Uninsured Rate (Health) | 10.0% |
| Poverty Rate | 18.9% |
Key Population Groups
| Veterans | 6.6% |
| Disabled Population | 18.2% |
| Limited English Proficiency | - |
All ZIP Codes in Velma
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 38965 | 8,963 | $58,258 | $134,927 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Coffeeville, MS | 6.2 miles | 785 |
| Water Valley, MS | 7.1 miles | 3,376 |
| Paris, MS | 13.6 miles | 302 |
| Taylor, MS | 14.8 miles | 245 |
| Oakland, MS | 15.4 miles | 402 |
| Bruce, MS | 17.8 miles | 1,483 |
| Pittsboro, MS | 19.5 miles | 300 |
| Big Creek, MS | 19.8 miles | 124 |
| Tula, MS | 20 miles | 123 |
| Pope, MS | 20.2 miles | 413 |
| Courtland, MS | 21.2 miles | 1,205 |
| Grenada, MS | 21.6 miles | 12,375 |
| Oxford, MS | 21.8 miles | 26,411 |
| University, MS | 21.9 miles | 5,315 |
| Calhoun City, MS | 23.5 miles | 1,745 |
| Batesville, MS | 23.8 miles | 7,387 |
| Charleston, MS | 23.8 miles | 1,979 |
| Derma, MS | 24.7 miles | 963 |
| Elliott, MS | 26.2 miles | 681 |
| Toccopola, MS | 27.7 miles | 280 |
| Holcomb, MS | 27.8 miles | 336 |
| Randolph, MS | 28.5 miles | 613 |
| Crowder, MS | 29.3 miles | 606 |
| Vardaman, MS | 29.4 miles | 1,100 |
| Duck Hill, MS | 29.9 miles | 733 |
| Sardis, MS | 30.1 miles | 2,445 |
| Abbeville, MS | 31.7 miles | 311 |
| Thaxton, MS | 31.8 miles | 688 |
| Como, MS | 35.5 miles | 1,258 |
| New Houlka, MS | 35.7 miles | 702 |
| Algoma, MS | 35.9 miles | 897 |
| Walthall, MS | 37.7 miles | 128 |
| Lambert, MS | 37.9 miles | 792 |
| Marks, MS | 38.3 miles | 1,377 |
| Houston, MS | 38.5 miles | 3,741 |
| Pontotoc, MS | 38.7 miles | 5,806 |
| Woodland, MS | 39.2 miles | 132 |
| Winona, MS | 39.7 miles | 4,183 |
| Bethlehem, MS | 40 miles | 155 |
| Glendora, MS | 40.5 miles | 106 |
| North Carrollton, MS | 40.6 miles | 538 |
| Mantee, MS | 40.9 miles | 453 |
| Webb, MS | 40.9 miles | 400 |
| Ecru, MS | 41 miles | 1,550 |
| Eupora, MS | 41.5 miles | 2,250 |
| Carrollton, MS | 41.5 miles | 389 |
| Falcon, MS | 41.7 miles | 144 |
| Sledge, MS | 41.8 miles | 270 |
| Sumner, MS | 42 miles | 326 |
| Senatobia, MS | 42.3 miles | 8,380 |
| Kilmichael, MS | 43.1 miles | 467 |
| Stewart, MS | 43.7 miles | 268 |
| Crenshaw, MS | 43.9 miles | 628 |
| Potts Camp, MS | 45 miles | 387 |
| Tutwiler, MS | 45.3 miles | 2,073 |
| Independence, MS | 45.7 miles | 133 |
| Myrtle, MS | 45.8 miles | 771 |
| Hickory Flat, MS | 46.3 miles | 544 |
| New Albany, MS | 46.4 miles | 7,663 |
| Mathiston, MS | 46.7 miles | 775 |
| Coldwater, MS | 47.4 miles | 1,156 |
| Maben, MS | 47.7 miles | 1,231 |
| Strayhorn, MS | 48.1 miles | 176 |
| Blue Springs, MS | 49.4 miles | 268 |
| Greenwood, MS | 49.5 miles | 14,086 |
| Jonestown, MS | 49.7 miles | 852 |
| Schlater, MS | 49.8 miles | 187 |
| Sherman, MS | 50.5 miles | 545 |
| Holly Springs, MS | 50.8 miles | 6,704 |