Housing in Velma, OK
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — May 2025Median Sale Price
$55,000
Median List Price
N/A
Price Per Sq Ft
$48
Days on Market
114
Active Inventory
N/A
Zillow Home Value
$167,524
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
88.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$48
Velma vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Velma is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$105,200
Median Rent
$920
Total Housing Units
292
Vacancy Rate
12.7%
Owner Occupied
74.5%
Renter Occupied
25.5%
Median Property Tax
$507
per year
Monthly Cost (w/ Mortgage)
$519
Housing Types
The current median sale price in Velma, OK is $55,000 according to Redfin data. Homes spend a median of 114 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $48. The median rent is $920 per month (Census ACS). About 74.5% of housing units are owner-occupied. The median year homes were built is 1974. There are 292 total housing units.