| Population | 1,049 |
| Square Miles | 0.77 |
| Population Density | 1,360.57 |
| Median Age | 42 |
| Median Household Income | $27,738 |
| Per Capita Income | $15,267 |
| Median Rent | $239 |
| Percent Renters | 16% |
| Median Velva, ND Rental Price: | $550 |
| Studio Rental Median Price: | $550 |
| Median Velva, ND For Sale Price: | $157,000 |
| Studio For Sale Median Price: | $49,900 |
| 2 Bedroom For Sale Median Price: | $149,900 |
| 3 Bedroom For Sale Median Price: | $157,000 |
| 4 Bedroom For Sale Median Price: | $235,000 |