Nichols, IA Real Estate
According to census data in the year 2000 there were 144 housing units in Nichols.
This represents a 6.7% growth from 135 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 144 were located in what is classified as a rural area.
Homeownership rate in Nichols is about 78.8%.
Nichols's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Nichols were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.80% |
| One Bedroom | 4.90% |
| Two Bedrooms | 29.90% |
| Three Bedrooms | 41.70% |
| Four Bedrooms | 18.10% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $64,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.24 |
| Median year structure was built | 1946 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 46.20% |
| Debt Free | 37.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
