Velma, Oklahoma 

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Population

601

-19.0% since 2020

Unemployment Rate

5.0%

Median Income

$65,125

Median Home Price

$140,300

Median Age

31.4

Comfort Index (Climate)

5.8 / 6.9

summer / winter


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Best Places to Live in Velma, Oklahoma

Living in Velma, OK is a unique experience. The town has a small population of just under 1,000 people, giving it a cozy and intimate atmosphere. Residents enjoy the peacefulness of the area and the strong sense of community that comes with living in such a tight-knit place. Although there are no major attractions or activities in the town itself, there are plenty of opportunities for outdoor recreation nearby with hiking trails, rivers, lakes, and parks all within easy driving distance. The town also offers fantastic local restaurants serving up delicious home cooked meals that you won't find anywhere else. All in all, Velma is a great place to live if you're looking for a quiet and friendly place to call home.

State: Oklahoma
County: Stephens County
Metro Area: Duncan Metro Area
City: Velma
Zip Codes: 73491
Cost of Living: -28.6% lower


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Velma, Ok Housing Market
Least Expensive HomesHomes Over 2,000 Sq. Ft.
Most Expensive HomesHomes less than 10 yrs old
All Single Family Homes

Highlights

ECONOMY
The unemployment rate in Velma is 5.0% (U.S. avg. is 6.0%). Recent job growth is Positive. Velma jobs have increased by 1.1%. More Economy

COST OF LIVING
Compared to the rest of the country, Velma's cost of living is 28.6% lower than the U.S. average. More Cost of Living or Compare Velma's Cost of Living

WEATHER & CLIMATE
May, October and April are the most pleasant months in Velma, while July and August are the least comfortable months. Today's Weather | Climate Averages

VOTING
In the last Presidential election, Stephens county remained overwhelmingly Republican, 81.6% to 16.6%. More Voting Stats

POPULATION
Velma's population is 601 people. Since 2020, it has had a population decline of 19.0%. Learn More...

TRANSPORTATION
Average Commute time is 20.4 minutes. The National Average is 26.4 minutes. Learn More...

REAL ESTATE
The median home cost in Velma is Real Estate: $140,300. Home appreciation the last 10 years has been 13.3%.

SCHOOLS
Velma public schools spend $9,874 per student. The average school expenditure in the U.S. is $12,383. There are about 14 students per teacher in Velma. More Education



Best Places to Live in Velma Rankings

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Housing Market in Velma

It's a good time to buy in Velma. Home Appreciation is up 13.3% in the last 12 months.
The median home price in Velma is $140,300.
Real Estate: See Homes

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MAPS OF VELMA, OKLAHOMA
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ZIP CODES IN VELMA, OKLAHOMA
73491

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