Nichols Hills, OK Real Estate
According to census data in the year 2000 there were 1,850 housing units in Nichols Hills.
This represents a 1% decline from 1,869 in 1990.
Of those housing units, 1,850 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Nichols Hills is about 88.5%.
Nichols Hills's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Nichols Hills were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 2.60% |
| Two Bedrooms | 18.80% |
| Three Bedrooms | 49% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 9.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $261,700 |
| Median Price asked for vacant units | $254,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $675 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 5.70% |
| Simple Mortgage | 42.10% |
| Debt Free | 44% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
