Market Overview
Home Prices in Nicoma Park, OK
The median home value in Nicoma Park, OK is $198,669 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nicoma Park are priced52% below average. Nicoma Park is part of the Oklahoma City, OK metro area.
Over the past five years, Nicoma Park home values have risen by approximately23.9%, reflecting strong long-term appreciation in this market.
Price History
Nicoma Park Home Price Trend
City Comparison
Nicoma Park vs. National Median
At $198,669, homes in Nicoma Park cost 52% below the national median of $410,000. This makes Nicoma Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nicoma Park?
20% Down Payment
$39,734
on $198,669
Monthly P&I
$1,036/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,316/mo
incl. taxes & insurance
Income Needed
$52,640
gross annual (30% rule)
10% Down Option
$19,867
+ PMI applies
Loan Amount (20% dn)
$158,935
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 Nicoma Park, OK?
The median home value in Nicoma Park is $198,669 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Nicoma Park?
Over the past year, home values in Nicoma Park have increased by 1.6%. Over five years, prices have risen approximately 23.9%.
How much do I need to earn to buy a home in Nicoma Park?
To comfortably afford the median home price of $198,669 with a 20% down payment ($39,734) at today's rates (6.8%), you'd need a gross annual income of approximately $52,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Nicoma Park compare to the national average home price?
The national median home value is approximately $410,000. At $198,669, homes in Nicoma Park are 52% below the national average.
What metro area is Nicoma Park part of?
Nicoma Park is part of the Oklahoma City, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.