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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 Type0.60%
One Bedroom2.60%
Two Bedrooms18.80%
Three Bedrooms49%
Four Bedrooms19.80%
Five Bedrooms or more9.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1954
Median Value of occupied units$261,700
Median Price asked for vacant units$254,200

Rented Homes, Apartments and Condos

Average Household Size2.04
Median year structure was built1956
Median Monthly Rent asked for vacant units$675

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.20%
Home Equity Loan5.70%
Simple Mortgage42.10%
Debt Free44%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16%