Velma, OK Real Estate
According to census data in the year 2000 there were 290 housing units in Velma.
This represents a 2.8% growth from 282 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 290 were located in what is classified as a rural area.
Homeownership rate in Velma is about 72.4%.
Velma's vacancy rate, including seasonal lodging, is about 15.2%.
Average household size is 2.82 people.
The majority of houses, apartments or condos in Velma were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.20% |
| Two Bedrooms | 24.80% |
| Three Bedrooms | 53.80% |
| Four Bedrooms | 12.10% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $45,400 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $281 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9% |
| Home Equity Loan | 0% |
| Simple Mortgage | 44.10% |
| Debt Free | 46.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
