Housing costs in Velva?
A typical home costs
$182,500, which is 46.0% less expensive than the national average of
$338,100 and 24.2% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Velva costs
$830 per month, which is 9.8% cheaper than the national average of
$920 and 19.3% cheaper than the state average of
$990.
Can I afford Velva?
To live comfortably in Velva (zip 58790), North Dakota, a minimum annual income of
$34,920 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Velva?
The cost of living in 58790 Velva, ND is relatively low, making it a great place to call home. Rent and home prices are quite reasonable compared to other cities in the area, with a one-bedroom apartment costing around $600 per month and houses in the area selling for an average of $140,000. Groceries and other basic amenities are also inexpensive here, making it easier to keep costs down. Other factors such as transportation costs, utilities, and healthcare can also be kept to a minimum due to low taxes here. All in all, living in 58790 Velva is a great way to save money while still having access to many services and amenities.