What percentage of people rent in Velva, ND?
21.7% (±9.0 points) of the occupied homes in Velva, ND are rented (2020–2024 American Community Survey).
That is 89 renting households against 322 that own their home.
In Velva, the share of households that rent went from 21.4% in 2015–2019 to 21.7% in 2020–2024 (+0.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 21.7% (±9.0 points)
- Renting households
- 89 (±43)
- Median renter income
- $33,472 (±$28,711)
Who rents and who owns in Velva
| Velva | McHenry County | North Dakota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 21.7% (±9.0 points) | 18.6% (±3.5 points) | 37.1% (±0.6 points) | 34.8% |
| Renting households | 89 (±43) | 418 (±83) | 122,979 (±2,250) | 45,017,354 |
| Owning households | 322 (±52) | 1,826 (±105) | 208,084 (±2,303) | 84,210,142 |
| Average renter household size | 2.4 (±0.9) | 2.0 (±0.3) | 1.9 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.3) | 2.4 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $33,472 (±$28,711) | $60,114 (±$19,717) | $48,236 (±$1,347) | $52,966 |
| Median owner household income | $85,875 (±$8,461) | $82,700 (±$5,746) | $100,032 (±$1,209) | $100,009 |
In Velva, the renter share is not measurably different from McHenry County (18.6%).
It is also lower than in North Dakota (37.1%).
It is lower than the national figure (34.8%).
In McHenry County, Velva ranks 11 of 52 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 360 of 1,526.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Velva has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 21.4% (±6.6 points) | 21.7% (±9.0 points) | +0.3 percentage points | Not a measurable change |
| Median gross rent | $542 (±$71) | $769 (±$667) | +41.9% | No measurable change after inflation |
| Median household income | $60,417 (±$5,636) | $83,060 (±$12,906) | +37.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Velva
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Velva | — | 21.7% (±9.0 points) | — |
| Velva Township | 1.3 mi | 11.7% (±12.5 points) | Not measurably different |
| Voltaire | 4.9 mi | 8.0% (±15.0 points) | Not measurably different |
| Brown Township | 5.6 mi | 0.0% (±82.3 points) | Not measurably different |
| Lebanon Township | 5.7 mi | 0.0% (±59.7 points) | Not measurably different |
| Sawyer | 6.0 mi | 14.5% (±11.8 points) | Not measurably different |
| North Prairie Township | 7.1 mi | 0.0% (±38.8 points) | Not measurably different |
| Brillian Township | 7.2 mi | 0.0% (±48.3 points) | Not measurably different |
| Sawyer Township | 7.2 mi | 9.3% (±9.2 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across McHenry County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 5 | Norwich Township | 34.4% (±35.4 points) |
| 6 | Strege Township | 32.8% (±20.9 points) |
| 7 | Upham | 29.3% (±18.6 points) |
| 8 | Deering Township | 28.8% (±41.3 points) |
| 9 | Pratt Township | 26.7% (±35.3 points) |
| 10 | Drake | 23.4% (±9.8 points) |
| 11 | Velva | 21.7% (±9.0 points) |
| 12 | Towner | 20.9% (±9.8 points) |
| 13 | Land Township | 16.7% (±21.4 points) |
| 14 | Velva Township | 11.7% (±12.5 points) |
| 15 | Anamoose | 11.5% (±7.7 points) |
| 16 | Granville | 10.2% (±8.2 points) |
| 17 | Lake George Township | 9.1% (±30.5 points) |
Showing 13 of 52 places in McHenry County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Velva
How many renters are there in Velva?
Velva has an estimated 89 (±43) renting households, 21.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Velva?
In Velva, the share of households that rent went from 21.4% in 2015–2019 to 21.7% in 2020–2024 (+0.3 percentage points), not a measurable change.
How big are renting households in Velva?
A renting household in Velva has 2.4 people on average, against 2.6 in an owned home.
How much do renters earn in Velva?
The median renting household in Velva, ND has an income of $33,472 (±$28,711) a year, against $85,875 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Velva city, North Dakota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Velva city, North Dakota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Velva city, North Dakota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Velva city, North Dakota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Velva city, North Dakota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Velva city, North Dakota (place:81620, in state:38).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Velva at a glance
- Income and affordability in Velva
- Home values in Velva
- Homeowner costs in Velva
- Property taxes in Velva
- Types of homes in Velva
- Bedrooms in Velva
- Age of homes in Velva
- Heating fuel in Velva
- Commute and cars in Velva
- Population growth in Velva
- How long people stay in Velva
- North Dakota landlord and tenant rules
- Housing across McHenry County
- North Dakota places ranked by share of renters
- Housing data for every place in North Dakota