Velma

Population: 585
Median household income: $61,806
Median home value: $105,200

Velma, a community in Stephens County, Oklahoma, has 585 residents. Its median household income of $61,806 runs in line with the Stephens County figure of $60,236.

Between 2019 and 2023, Velma's population held roughly steady from 585 to 585, while its median home value rose 24.3% from $84,600 to $105,200.

94.9% of workers drive to work alone. 81.8% of homes are single-family detached houses.

Demographics

ACS 2019–2023

Population: 585
Median age: 41.7 yrs
Median household income: $61,806
Median home value: $105,200
Median gross rent: $920
Housing units: 292
Homeownership rate: 74.5%
Bachelor's degree or higher: 8.7%
Unemployment rate: 4.8%

Trends

ACS 5-year · 2019–2023

Population

585585

Median household income

$50,313$61,806

Median home value

$84,600$105,200

Median gross rent

$592$920

Year	Population	Median household income	Median home value	Median gross rent
2019	585	$50,313	$84,600	$592
2020	641	$49,688	$82,600	$764
2021	601	$68,333	$84,300	$825
2022	558	$73,333	$95,400	$866
2023	585	$61,806	$105,200	$920

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.2%

5 to 1717.8%

18 to 246.7%

25 to 3410.9%

35 to 4413.2%

45 to 5415.0%

55 to 6416.4%

65 to 7411.5%

75 and over5.3%

	Count	Share
Under 5	19	3.2%
5 to 17	104	17.8%
18 to 24	39	6.7%
25 to 34	64	10.9%
35 to 44	77	13.2%
45 to 54	88	15.0%
55 to 64	96	16.4%
65 to 74	67	11.5%
75 and over	31	5.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	483	82.6%
Black or African American	0	0.0%
American Indian & Alaska Native	34	5.8%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	61	10.4%
Hispanic or Latino (any race)	7	1.2%

Educational attainment (age 25+)

No high school diploma8.3%

High school graduate59.8%

Some college or associate's23.2%

Bachelor's degree7.8%

Graduate or professional degree0.9%

	Count	Share
No high school diploma	35	8.3%
High school graduate	253	59.8%
Some college or associate's	98	23.2%
Bachelor's degree	33	7.8%
Graduate or professional degree	4	0.9%

Commute to work

Mean travel time to work: 26 min

Drove alone94.9%

Carpooled3.1%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home1.9%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	244	94.9%
Carpooled	8	3.1%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	5	1.9%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	101	40.1%
15 to 29 min	60	23.8%
30 to 44 min	51	20.2%
45 to 59 min	13	5.2%
60+ min	27	10.7%

Households

Average household size: 2.29
Poverty rate: 23.6% (138 of 585)

	Count	Share
Family households	193	75.7%
Nonfamily households	62	24.3%

Housing

Median year structure built: 1974

Occupancy

	Count	Share
Occupied	255	87.3%
Vacant	37	12.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	190	74.5%
Renter-occupied	65	25.5%

1-unit, detached81.8%

1-unit, attached0.7%

2 to 4 units6.8%

5 to 19 units5.1%

20 or more units0.0%

Mobile home & other5.5%

Units in structure

	Count	Share
1-unit, detached	239	81.8%
1-unit, attached	2	0.7%
2 to 4 units	20	6.8%
5 to 19 units	15	5.1%
20 or more units	0	0.0%
Mobile home & other	16	5.5%

Geography

Place GEOID: 4076900
Type (LSAD): 43
Land area: 1.35 sq mi
Water area: 0.01 sq mi
Center point: 34.4564, -97.6638