Market Overview
Home Prices in Nichols Hills, OK
The median home value in Nichols Hills, OK is $988,130 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nichols Hills are priced141% above average. Nichols Hills is part of the Oklahoma City, OK metro area.
Over the past five years, Nichols Hills home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Nichols Hills Home Price Trend
City Comparison
Nichols Hills vs. National Median
At $988,130, homes in Nichols Hills cost 141% above the national median of $410,000. Buyers in Nichols Hills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Nichols Hills?
20% Down Payment
$197,626
on $988,130
Monthly P&I
$5,153/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,544/mo
incl. taxes & insurance
Income Needed
$261,760
gross annual (30% rule)
10% Down Option
$98,813
+ PMI applies
Loan Amount (20% dn)
$790,504
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Nichols Hills, OK?
The median home value in Nichols Hills is $988,130 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Nichols Hills?
Over the past year, home values in Nichols Hills have increased by 3.5%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Nichols Hills?
To comfortably afford the median home price of $988,130 with a 20% down payment ($197,626) at today's rates (6.8%), you'd need a gross annual income of approximately $261,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Nichols Hills compare to the national average home price?
The national median home value is approximately $410,000. At $988,130, homes in Nichols Hills are 141% above the national average.
What metro area is Nichols Hills part of?
Nichols Hills is part of the Oklahoma City, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.