Velva is located close to the center of North Dakota. Velva is between the Mchenry, Ward county. Velva has 0.83 square miles of land area and has no water area. As of 2010-2014, the total Velva population is 1,008, which has shrunk 3.91% since 2000. The population growth rate is much lower than the state average rate of 9.77% and is much lower than the national average rate of 11.61%. Velva median household income is $42,500 in 2010-2014 and has grown by 53.22% since 2000. The income growth rate is lower than the state average rate of 60.61% and is much higher than the national average rate of 27.36%. Velva median house value is $109,800 in 2010-2014 and has grown by 132.63% since 2000. The house value growth rate is higher than the state average rate of 90.86% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Velva is much better than the state average in quality. The Velva area code is 701.