Home Insurance in Nichols Hills, Oklahoma
With a median home value of $818,500, Nichols Hills is 267% higher than the Oklahoma County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Nichols Hills was built around 1961. About 49% of homes were built before 1960, about 25 points above Oklahoma County's 24%.
Housing in Nichols Hills breaks down to 96% single-family homes and 2% apartments in buildings with 5+ units.
52% of owner-occupied homes in Nichols Hills carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Nichols Hills has an owner-occupancy rate of 92% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
In Nichols Hills, 85% of homes are primarily heated with natural gas.
FEMA rates Oklahoma County's overall risk as Relatively High, led by hail (Very High). Oklahoma County had 1,482 active NFIP flood policies as of September 2026. See the full Oklahoma County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Oklahoma carries a statewide average premium of $2,486 per year.
Key figures
| Median home value | $818,500 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 52% |
| Top county hazard | Hail (Very High) |
| Active NFIP policies in Oklahoma County | 1,482 |
| Home insurance premium | $2,486 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)