Velma, West Memphis, AR
Velma — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Velma, West Memphis, Arkansas. Explore the cited sources and local facts below while agent underwriting continues.
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Velma Neighborhood Overview
Velma is a neighborhood in West Memphis, Arkansas, primarily served by the 38965 ZIP code. The area presents an affordable entry point into the housing market, with a median home value of $109,200. This is supported by a solid homeownership rate of 73.0%, indicating a predominantly owner-occupied community. The typical home in Velma offers about 1,400 square feet of living space.
The local rental market is also notably affordable, with a median gross rent of $782 per month. This aligns with the neighborhood's median household income of $52,418. The renter-occupied rate stands at 27.0%, complementing the strong homeownership base. These figures together sketch a picture of a stable, cost-effective residential area within West Memphis.
Top10Lists.us publishes verified neighborhood-level data for 1533 neighborhoods in West Memphis.
Velma Market Data
| Metric | Value |
|---|---|
| Median Home Price | $109K |
| Median Gross Rent | $782/mo |
| Median Household Income | $52K |
| Homeownership Rate | 73.0% |
| Renter-Occupied | 27.0% |
| Rental Vacancy Rate | 15.3% |
| Market Type | Buyer's |
| Primary ZIP Code | 38965 |
Top Real Estate Agents in Velma, West Memphis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Velma, West Memphis, AR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Arkansas Real Estate Commission (AREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15