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Foreclosure Homes in Velva, ND

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Foreclosure Homes in Velva, ND

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Velva, ND area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Velva, ND and much more. Save thousands at closing with home foreclosure listings in Velva, ND — up to 75% off market value!


Top Reasons To Live In Velva, ND In 2022

Velva is located in McHenry, North Dakota, with an estimated municipal population of 1,190 residents. All of the best foreclosed homes for sale in Velva are located in the following zip code areas on Foreclosure.com: 58790. The estimated population per square kilometer (.62 miles) in Velva is 476.


Cost Of Living In Velva, ND

So, about how much do homes cost in Velva? The most recent median value of resident-owned homes in Velva is 169,013. An estimated 78.6 percent of households in Velva own their homes, with an average family size of 3.15. The median household income in Velva is 60,417, with28.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Velva, the median commute time of resident workers (in minutes) is 17.9. And last, but certainly not least, are you looking for homes to rent in Velva? If so, the average rent price paid by renters in Velva is 542, according to recent statistics.


Diversity And Demographics In Velva, North Dakota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Velva, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Velva is 34.2, split between 44.2 percent male versus 55.8 female. The percentage of residents who report being married in Velva is 56.5, with an average family size of 3.15.

The percentage of residents who report their race in Velva is as follows:

White 95%
Black / African American 0.2%
Asian 0.2%
American Indian / Alaskan Native 2.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Velva? Or maybe you are searching for 55+ active adult communities in and/or near Velva?

The percentage of residents who report their age in Velva is as follows:

Under 10 19.6%
Aged 10-19 14.2%
20s 9%
30s 15.1%
40s 14.3%
50s 9.7%
60s 7%
70s 4.9%
80+ 6.2%

Best Schools In Velva, North Dakota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Velva with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Velva.


Pros And Cons Of Living In Velva, North Dakota

How do you know that living in -- or moving to -- Velva is right where you need to be? Perhaps you grew up in Velva or already live nearby; therefore, the decision to buy a home in Velva is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Velva for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Velva:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Velva.


Reasons To Move To Velva, North Dakota, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Velva can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Velva, meanwhile, can field multiple offers from more qualified buyers.

Velva, ND Foreclosures


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