According to statistics, the population in Velva, ND amounts to 1,288, which shows growth 11% compared to the previous year. The median age of the city’s residents is 36. The average household income is $50,699, shifting growth 23% from the past year, and the average property value in Velva, ND decline 1% to $160,600 throughout the year.
|Number Of Employees||577|
|Median Property Value||$160,600|
The average household income in Velva, ND grew from $41,314 to $50,699 in the past year. This data is an estimate based upon 561 households in Velva, ND . The chart below presents how household income is distributed in Velva, ND in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Velva, ND shifted from $159,300 to $160,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Velva, ND in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Velva, ND properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Velva, ND compared to median property taxes around the country. The prevalent amount of property taxes in Velva, ND equals $2500, which is less than the national average.