Nicoma Park, 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 Nicoma Park, Oklahoma rental market.
Nicoma Park, Oklahoma
Average Apartment Rent
$678
Y-o-Y Change in Average
Apartment Rent
-9.4%
As of March 2024
Compared to a year ago, Nicoma Park, Oklahoma apartments have recorded a -9.4% rent decrease.
Nicoma Park, Oklahoma Average apartment rent trend
Nicoma Park, Oklahoma Average Apartment Rent
Nicoma Park, Oklahoma Housing tenure**
Renters take up 24% of Nicoma Park, Oklahoma real estate, occupying a total of 223 units, while homeowners live in 694 properties.
Median number of rooms of renter-occupied housing units**
5.2
Renter median household income**
$45,096
Average household size of renter-occupied housing units**
2.96
Rental vacancy rate**
9.9%
Nicoma Park, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 114 rentals in Nicoma Park, Oklahoma with 3 beds making up the highest share of the market, at 51%. Units with 1 bed, on the other hand, hold the lowest percentage (2%), amounting to 5 units. Overall, the median number of rooms in Nicoma Park, Oklahoma homes for rent is 5.2.
Nicoma Park, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Nicoma Park, Oklahoma are occupied by residents in the 35 - 44 years age group (29%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Nicoma Park, Oklahoma Renter-occupied housing units by family type**
Nicoma Park, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 149 apartments for rent in Nicoma Park, Oklahoma, or 67% of all rentals are family households. Additionally, 44% of rental homes include children under the age of 18 – that’s 99 units. All in all, the median size of a renter-occupied household in Nicoma Park, Oklahoma is 2.96.
Nicoma Park, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Nicoma Park, Oklahoma.
Nicoma Park, Oklahoma Renter-occupied units by year structure built**
The highest share of Nicoma Park, Oklahoma apartment rentals, namely 23% or 52 units, were Built 1950 - 1959, followed by those Built 1980 - 1989 (23%, 51 units), and the ones Built 1970 - 1979 (16%, 35 units).
Nicoma Park, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Nicoma Park, Oklahoma renters (48%) moved in 2010 to 2017, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Nicoma Park, Oklahoma condos for rent is 2015.
Nicoma Park, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Nicoma Park, Oklahoma renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 13% have 3 vehicles available.
Nicoma Park, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Nicoma Park, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Nicoma Park, 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 Nicoma Park, 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
