Nichols Hills, Oklahoma Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Nichols Hills, Oklahoma rental market.
Nichols Hills, Oklahoma
Average Apartment Rent
$960
Y-o-Y Change in Average
Apartment Rent
4.2%
As of November 2024
Compared to a year ago, Nichols Hills, Oklahoma apartments have recorded a 4.2% rent increase.
Nichols Hills, Oklahoma Average apartment rent trend
Nichols Hills, Oklahoma Average Apartment Rent
Nichols Hills, Oklahoma Apartment rent ranges
At 62.65%, apartments priced $700 - $1000 represent the bulk of Nichols Hills, Oklahoma rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.12%.
Nichols Hills, Oklahoma Housing tenure**
Renters take up 4% of Nichols Hills, Oklahoma real estate, occupying a total of 65 units, while homeowners live in 1,506 properties.
Median number of rooms of renter-occupied housing units**
5.3
Average household size of renter-occupied housing units**
1.57
Nichols Hills, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 44 rentals in Nichols Hills, Oklahoma with 2 beds making up the highest share of the market, at 68%. Units with 3 beds, on the other hand, hold the lowest percentage (32%), amounting to 21 units. Overall, the median number of rooms in Nichols Hills, Oklahoma homes for rent is 5.3.
Nichols Hills, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Nichols Hills, Oklahoma are occupied by residents in the 35 - 44 years age group (52%), followed by those in the 85 years and over age group (9%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Nichols Hills, Oklahoma Renter-occupied housing units by family type**
Nichols Hills, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 17 apartments for rent in Nichols Hills, Oklahoma, or 26% of all rentals are family households. Additionally, 9% of rental homes include children under the age of 18 – that’s 6 units. All in all, the median size of a renter-occupied household in Nichols Hills, Oklahoma is 1.57.
Nichols Hills, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 82% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Nichols Hills, Oklahoma.
Nichols Hills, Oklahoma Renter-occupied units by year structure built**
The highest share of Nichols Hills, Oklahoma apartment rentals, namely 49% or 32 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (20%, 13 units), and the ones Built 1940 - 1949 (9%, 6 units).
Nichols Hills, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2020
Most Nichols Hills, Oklahoma renters (35%) moved in 2018 to 2020, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Nichols Hills, Oklahoma condos for rent is 2020.
Nichols Hills, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 65% of Nichols Hills, Oklahoma renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 8% have 5 or more vehicles available.
Nichols Hills, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, 65% of Nichols Hills, Oklahoma renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 8% have 5 or more vehicles available.
Nichols Hills, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Nichols Hills, Oklahoma Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Nichols Hills, Oklahoma apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
