Velma, OK demographics:
population, income, and more

Total population
590
0.8% year-over-year change
Median household income
$87,674/yr
41.9% year-over-year change
Housing units
282
-3.4% year-over-year change

Velma population

How many people live in Velma

Velma is home to 590 residents, according to the most recent Census data. Gender-wise, 49.8% of Velma locals are male, and 50.2% are female.

Total population
590
0.8% year-over-year change
Gender ratio
Male
49.8%
294
Female
50.2%
296
Value Percent YoY change
Male 294 49.8% 1.0%
Female 296 50.2% 0.7%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Velma is 42, with the population distributed as follows: about 17% are children under 15, then 9.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.8% of the population, while another 31.7% fall into the 45 to 64 bracket. Finally, around 15.8% are 65 or older.

Median age
41.8
Age breakdown
Under 15
17%
15 to 24
9.8%
25 to 44
25.8%
45 to 64
31.7%
Over 65
15.8%
Value Percent YoY change
Under 15 100 17% -6.5%
15 to 24 58 9.8% 5.5%
25 to 44 152 25.8% 7.8%
45 to 64 187 31.7% 1.6%
Over 65 93 15.8% -5.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Velma, 98.6% of the population are US-born citizens, while 0.3% have gained naturalized citizenship. At the same time, 1% of residents are non-citizens. There’s also a share of 14.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.6%
Non-U.S.-born citizens
0.3%
Non-citizens
1%
Value Percent YoY change
U.S.-born citizens 582 98.6% 0.5%
Non-U.S.-born citizens 2 0.3% 0.0%
Non-citizens 6 1% 50.0%
Racial breakdown
White
80.3%
Black or African American
0.3%
American Indian and Alaska Native
4.8%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
14.6%
Other
0%
Value Percent
White 474 80.3%
Black or African American 2 0.3%
American Indian and Alaska Native 28 4.8%
Two or more races 86 14.6%

Households in Velma

A peek inside Velma households

Velma has 253 households, with an average of 2 members in each. Of these, 79.4% are families, while the remaining 20.6% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
253
-0.8% year-over-year change
Average people per household
2
Non-family households
52
Family households
201
Value Percent YoY change
Non-family households 52 20.6% -16.1%
Family households 201 79.4% 4.2%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Velma

The housing landscape of Velma

Velma's housing consists of 282 units, with 82.3% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 6% of the housing landscape.

Housing units
282
-3.4% year-over-year change
Housing types
Value Percent
1 unit, detached 232 82.3%
1 unit, attached 2 0.7%
3 or 4 units 24 8.5%
5 to 9 units 3 1.1%
10 to 19 units 4 1.4%
Mobile home 17 6%
Homes built since 2020
0
% year-over-year change

The age of buildings in Velma

In Velma, the median construction year is 1974. About 1.1% of homes were built before the 1940s, with another 1.4% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 3 1.1% 50.0%
Built between 1940 and 1949 4 1.4% 300.0%
Built between 1950 and 1959 46 16.3% -4.2%
Built between 1960 and 1969 41 14.5% -12.8%
Built between 1970 and 1979 122 43.3% -8.3%
Built between 1980 and 1989 38 13.5% 0.0%
Built between 1990 and 1999 12 4.3% 20.0%
Built between 2000 and 2009 12 4.3% 71.4%
Built between 2010 and 2019 4 1.4% -33.3%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Velma occupancy rates

Out of the 253 occupied housing units in Velma, 74.3% are owner-occupied, while 25.7% are lived in by tenants. Meanwhile, 10.3% of all homes on the local market sit vacant.

Occupied housing units
253
-0.8% year-over-year change
Occupancy breakdown
Renter occupied
65
Owner occupied
188
Value Percent YoY
change
Renter occupied 65 25.7% 0.0%
Owner occupied 188 74.3% -1.1%
Unoccupied housing units
10.3%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Velma housing costs

Housing costs in Velma come to a median of $655 per month, while tenants specifically pay a median gross rent of $888.

Median housing costs per month
$655/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Velma
$888/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Velma

Velma education at a glance

About 62.1% of the population in Velma went to high school, while 23.7% pursued college studies. Another 4.2% earned an associate degree and 6.8% hold a bachelor’s. Meanwhile, 1.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 9 1.9% -25.0%
High school diploma 293 62.1% -2.7%
College diploma 112 23.7% 17.9%
Associate degree 20 4.2% 17.6%
Bachelor's degree 32 6.8% -3.0%
Graduate degree 6 1.3% 50.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Velma

How much people earn in Velma

The average annual household income in Velma was $78,080 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +10.7% change from the previous year. At the same time, the median income stood at $87,674, reflecting a +41.8% shift over the same period.

Average household income in Velma
$78,080/year
10.7% year-over-year change
Median household income in Velma
$87,674/year
41.9% year-over-year change

Velma income by age

In Velma, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $32,273. Those with someone between 45 and 64 in charge, often well established professionally, earn $98,750 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $80,000, while those led by someone over 65, many of whom may be retired, have about $87,951 in earnings. Overall, 77.1% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $80,000 N/A
25 - 44 $32,273 N/A
45 - 64 $98,750 68.1%
Over 65 $87,951 2.9%
Above poverty level
451
Below poverty level
134
Value Percent YoY
change
Above poverty level 451 77.1% 1.8%
Below poverty level 134 22.9% -2.9%

Average renter income in Velma

To get a better sense of what renters earn on average in Velma, their median household income was $28,558 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 37.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$28,558
Rent-to-income ratio
37.3%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Velma

Workforce and job types in Velma

The job market in Velma is powered by 273 working residents, spread across a range of industries and roles. 53.8% of the working population are employed in professional or administrative positions, while 46.2% are in hands-on or service-based jobs. Also, 20.9% run their own businesses, 58.6% are employed by private companies, and 15.4% work in the public sector.

Workforce demographics

Working population
273
5.4% year-over-year change
White collar
147
Blue collar
126
Value Percent YoY change
White collar 147 53.8% 0.7%
Blue collar 126 46.2% 11.5%
Employer type
Self employees
20.9%
Private companies
58.6%
Governmental workers
15.4%
Not for profit companies
5.1%
Value Percent YoY change
Self employees 57 20.9% 14.0%
Private companies 160 58.6% 1.9%
Governmental workers 42 15.4% 7.7%
Not for profit companies 14 5.1% 7.7%
Unemployment rate
5.2%
15.4% year-over-year change

Available workforce

The unemployment rate in Velma stands at 5.2%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Velma

How people get around in Velma

Means of transportation
Value Percent YoY change
Car 262 96% 4.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Velma by zipcode?

Zipcode Population Number of households Median income Average income
73491 791 318 $83,750 $76,783

Explore more communities

FAQs about Velma demographics 

What is the total population of Velma?

Velma has a total population of 590 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.8% compared to a year ago.

What is the gender ratio in Velma?

The gender ratio in Velma is as follows:
  • 49.8% males (294 residents)
  • 50.2% females (296 residents)

What is the median age in Velma?

The median age in Velma is 41.8.

What is the age distribution of the population in Velma?

The age distribution in Velma is as follows:
  • Under 15: 17% (100 residents)
  • Ages 15-24: 9.8% (58 residents)
  • Ages 25-44: 25.8% (152 residents)
  • Ages 45-64: 31.7% (187 residents)
  • Over 65: 15.8% (93 residents)

What is the racial and ethnic makeup of Velma?

The racial and ethnic makeup of Velma is as follows:
  • White: 80.3% (474 residents)
  • Black or African American: 0.3% (2 residents)
  • American Indian and Alaska Native: 4.8% (28 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 14.6% (86 residents)
  • Other: 0% (0 residents)

What percentage of the population in Velma are U.S.-born citizens?

U.S.-born citizens represent 98.6% of the population in Velma.

How many housing units are there in Velma?

There are 282 housing units in Velma, reflecting a -3.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Velma and what is the average household size?

Velma has a total of 253 households, with an average of 2 people in each.

What is the median household income in Velma?

Velma has a median household income of $87,674, representing a +41.9% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Velma?

The employment rate is 94.8% in Velma, with a workforce of 273 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 53.8% (147 residents)
  • Blue-collar workers: 46.2% (126 residents)

Places of employment:
  • Self-employed: 20.9% (57 residents)
  • Private companies: 58.6% (160 residents)
  • Governmental workers: 15.4% (42 residents)
  • Not-for-profit companies: 5.1% (14 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025