Velva, ND housing market
The median sale price was $170,000 in May 2026.
Home values, sales, trends and how Velva compares with the towns next door — updated as new data is published.
Velva at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Velva in 2025, all single-family houses. That's 1.8 per 1,000 residents, slower than across North Dakota (3.4). Over the past 10 years, Velva has permitted 10 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Velva gained 2 residents while 54 new homes were permitted: about 0 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across North Dakota: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $296,000 |
| 2025 | 2 | 2 | 0 | $591,000 |
| 2024 | 2 | 2 | 0 | $641,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 2 | 0 | 2 | $225,000 |
| 2017 | 2 | 0 | 2 | $225,000 |
| 2016 | 2 | 0 | 2 | $225,000 |
| 2015 | 2 | 2 | 0 | $440,000 |
| 2014 | 2 | 2 | 0 | $440,000 |
| 2013 | 14 | 14 | 0 | $3.2 million |
| 2012 | 18 | 14 | 4 | $3.9 million |
| 2011 | 5 | 5 | 0 | $805,000 |
| 2010 | 7 | 7 | 0 | $1.1 million |
| 2009 | 1 | 1 | 0 | $160,000 |
| 2008 | 6 | 6 | 0 | $802,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 4 | 4 | 0 | $342,000 |
| 2000 | 4 | 4 | 0 | $342,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.3 years of income
The typical Velva home costs about 2.3 years of the town's median household income, less than across North Dakota (3.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Velva is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Velva pay a median of $769, so moving in tends to cost more than staying put. A two-bedroom takes about 14% of the town's median household income.
Studio $660 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (58790; McHenry County, ND HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.