HomeOklahomaStephens CountyVelma town
Velma town, Oklahoma: commercial real estate data.
Velma town 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.
66 sourced place values · tier FULL · 7 sections · 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
- Ninetieth percentile approval$3,401,100
- 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
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Stephens County, not Velma
Stephens County context, not Velma figures
These are Stephens County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Velma measurements.
- Establishments in Stephens County1,080
- Employment at those establishments, Stephens County12,439
- Covered employment, Stephens County15,058
- Average annual pay, Stephens County$52,784
- Average weekly wage, Stephens County$1,015
- Housing units permitted, Stephens County16
- Of those, single family, Stephens County16
- County product, 2024, Stephens County$2,926,657,000
- County product change over the prior year, Stephens County0.9 percent
- Average income of an arriving household, Stephens County$44,157
Every figure in this section is published for Stephens County as a whole and is not a measurement of Velma. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $3.7 m, 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Velma figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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