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Nichols Hills

Learn about the people, housing, costs and businesses in Nichols Hills, Oklahoma

Median Home$796,139
Median Rent$1,373/month
Population3,877
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade7% finance & insurance
Home Value Growth+7.4% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners83% of occupied units
NotableHigh Incomes$198k/year · top 1% nationally
NotableAmenity Score80/100 · highly walkable area
Nichols Hills
OK

Frequently Asked Questions

What are today's mortgage rates in Nichols Hills?

As of today, the 30-year fixed mortgage rate for Nichols Hills is approximately 6.882% (6.918% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Nichols Hills?

The median home value in Nichols Hills is $796k. The median monthly rent is $1,373. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nichols Hills?

Home values in Nichols Hills have increased 7.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Nichols Hills?

Based on a typical all-in ownership cost of $2,297/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $98k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nichols Hills is $198k/year.

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What industries drive the economy in Nichols Hills?

The largest employment sectors in Nichols Hills are public administration (17%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.