Nichols Hills - Market Stats
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Nichols Hills is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 4,056 at the 2000 census.
During the early 1930’s, The Great Depression took its toll on Nichols Hills’ finances and large investors in Nichols Hills’ property became delinquent on their taxes. It petitioned Oklahoma City for annexation, but was refused. The refusal awakened the citizens of Nichols Hills, who thereafter embarked on a capital and beautification campaign that ultimately led to significant manor and upscale residential development after World War II.
By 1950, and after its failure to annex Nichols Hills, Oklahoma City began annexing the land surrounding it including some property which was originally platted by Dr. Nichols as part of Nichols Hills. It is now surrounded entirely by Oklahoma City on the south, east and west, and The Village on the north. In 1959, thwarting a potential annexation from Oklahoma City, the first city charter was formed. Since its inception, Nichols Hills has maintained strict land use restrictions and zoning ordinances.
Known for its quality housing, Nichols Hills and its citizens maintain parks running throughout the city. The city is home to The Oklahoma City Golf and Country Club.
Nichols Hills is known to have some of the highest housing prices in the state of Oklahoma. Its citizens have the highest average household income in Oklahoma. Nichols Hills has a full-service city government, which includes water, police and fire services.