The City of Nichols Hills in Oklahoma County is known throughout as an affluent bedroom community of historic homes located just north of the community of Belle Isle and a short 15 minute drive to the heart of the Oklahoma City metropolitan area. Residents are serviced by their own city government, which includes its own police department, fire services, and water department. Many are drawn to this community's small-town feel, which includes many historic and Victorian single-family homes. In addition, with Lake Hefner, the Hefner Golf Course, and the Oklahoma City Golf and Country Club located just minutes away, residents can easily take part in some outdoor recreational activities within the comforts of their neighborhood.
College students and adult learners have access to a number of colleges and universities located throughout the county, including Oklahoma State University-Oklahoma City and Oklahoma City University. A community in the truest sense, Nichols Hills hosts a variety of community functions and family-friendly events throughout the year that encourage residents to come out and catch up with neighbors on the latest happenings and gossip. If you're looking to live in a community that offers spectacular real estate options, great recreational opportunities, and welcoming friends and neighbors, then look no further than the bedroom community of Nichols Hills.
Real Estate Market Summary - Prices of Nichols Hills Homes for Sale
Real estate within the bedroom community of Nichols Hills is predominantly anchored by historical homes and single-family homes. Listings for condos, albeit limited, are also available for buyers interested in purchasing a smaller real estate investment. Prices for condos in Nichols Hills begin in the $780,000 range. Many of Nichols Hills' single-family and historical residences are priced starting in the $170,000 to $2.6 million range. Homes in the lower end of the pricing spectrum usually include at least 3 bedrooms/2 baths and are situated on landscaped or wooded lots. Estate properties and gorgeously renovated historical homes in Nichols Hills dated as far back as the 1930s anchor the higher pricing points and are located on impressively sized acres of land. As an enclave of historic homes, Nichols Hills has virtually no room left for development.
Nichols Hills Real Estate Stats and Trends for the week of May 23rd, 2016: homes priced around $427,522 compared to $592,842 the previous week, showing a decrease of less than -39%. For Thursday, May 26th, the current national mortgage rate for a 30 year fixed mortgage is 3.83%; the 15 year fixed rate is at 2.94%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.31%, while the 15 year jumbo rate currently is at 4.03%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Nichols Hills OK. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Nichols Hills to help you find the best home!