HomeOklahomaStephens CountyVelma
Velma, Oklahoma: commercial real estate data.
Velma is a Census town of 590 people across 1.35 square miles of land, in Stephens County. Median household income is $87,674, 74.3 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $3.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Velma
What Velma is
- Census place typetown
- Land area1.35 sq mi
- Water area0.01 sq mi
- Population per square mile of land436 plus or minus 106
- County holding the largest share of its areaStephens County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Velma
How many people live in Velma
- Population590 plus or minus 143
- Median age41.8 plus or minus 8.4
- Population under 18118 plus or minus 39
- Share under 1820.0 percent plus or minus 4.6
- Population 65 and over93 plus or minus 57
- Share 65 and over15.8 percent plus or minus 8.9
- Households253 plus or minus 73
- Family households201 plus or minus 69
- Share of households that are families79.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Velma
Income and work in Velma
- Median household income$87,674 plus or minus $52,213
- Per capita income$33,113
- Civilian labor force288 plus or minus 72
- Employed273 plus or minus 68
- Unemployed15 plus or minus 14
- Unemployment rate5.2 percent plus or minus 4.7
- Adults 25 and over432 plus or minus 106
- Adults 25 and over with a high school diploma or higher93.3 percent plus or minus 32.1
- Adults 25 and over with a bachelor degree or higher8.1 percent plus or minus 4.2
- Adults 25 and over with a graduate degree1.4 percent plus or minus 2.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Velma
Housing in Velma
- Housing units282 plus or minus 74
- Occupied units253 plus or minus 73
- Vacant units29 plus or minus 11
- Vacancy rate10.3 percent plus or minus 2.8
- Owner occupied188 plus or minus 66
- Renter occupied65 plus or minus 27
- Ownership rate74.3 percent plus or minus 14.9
- Median owner-occupied home value$111,500
- Median gross rent, monthly$888
- Annual rent as a share of median income12.2 percent plus or minus 7.3
- Single family units234 plus or minus 69
- Share single family83.0 percent
- Units in buildings of two or more31 plus or minus 17
- Share in buildings of two or more11.0 percent plus or minus 5.1
- Mobile homes17 plus or minus 12
- Median year structure built1974
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Velma
How Velma gets to work
- Workers 16 and over who commute266 plus or minus 68
- Commuting under 15 minutes128 plus or minus 46
- Share commuting under 15 minutes48.1 percent plus or minus 12.3
- Commuting 30 minutes or more79 plus or minus 33
- Share commuting 30 minutes or more29.7 percent plus or minus 9.9
- Drove alone90.8 percent
- Carpooled5.1 percent plus or minus 5.0
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home2.6 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Velma
SBA loans in Velma (7(a))
- Approvals5
- Gross approval$3,657,000
- Average approval$731,400
- Median approval$36,000
- Largest approval$3,401,100
- Jobs supported133
- Jobs per approval26.6
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term60 months
- Share on real estate terms of 20 years or more20.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Velma, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Velma
Flood risk in Velma
- NFIP communityCity of Velma
- NFIP community number400447
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date09/29/10
The City of Velma does not participate in the National Flood Insurance Program as community 400447 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Stephens County, not Velma
Stephens County context, not Velma figures
- Establishments in Stephens County1,080
- Covered employment, Stephens County15,058
- Average annual pay, Stephens County$52,784
- Housing units permitted, Stephens County16
Every figure in this section is published for Stephens County as a whole and is not a measurement of Velma.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Velma questions, answered from the record.
How many people live in Velma, Oklahoma?
590, in 253 households. Velma town covers 1.35 square miles of land, which is 436 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Velma in?
Stephens County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Velma?
$87,674. The median owner-occupied home is valued at $111,500. Median gross rent is $888 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Velma businesses?
5 7(a) approvals totaling $3.7 m since FY2020, across 2 lenders, median approval $36,000. These count approvals to borrowers whose address is in Velma, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Velma borrowers get paid back?
No rate is published for Velma. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Velma in the National Flood Insurance Program?
No, it is listed but not participating. Velma appears in the FEMA Community Status Book as Velma, city of, community 400447, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Velma figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Stephens County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Velma.
Is zoning published for Velma?
No. Nothing on this page presents parcel level zoning.
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