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Velda

Learn about the people, housing, costs and businesses in Velda, Missouri

Median Home$55,400
Median Rent$1,167/month
Population1,065
Leading IndustriesManufacturing · Education · Information & Media2% manufacturing
Home Value Growth⬆⬆+12.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners54% of occupied units
Velda City
MO

Frequently Asked Questions

What are today's mortgage rates in Velda?

As of today, the 30-year fixed mortgage rate for Velda is approximately 7.046% (7.087% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Velda?

The median home value in Velda is $55k. The median monthly rent is $1,167. Annual property taxes average $984. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Velda?

Home values in Velda have increased 12.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Velda?

Based on a typical all-in ownership cost of $875/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Velda is $39k/year.

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What industries drive the economy in Velda?

The largest employment sectors in Velda are public administration (29%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.