Stillwater appreciation rates and housing market information

Stillwater housing market information

With 38,968 people, 16,805 houses or apartments, and a median cost of homes of $163,898, Stillwater real estate is some of the most expensive in Oklahoma, although Stillwater home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Stillwater, accounting for 51.93% of the city's housing units. Other types of housing that are prevalent in Stillwater include large apartment complexes or high rise apartments (24.97%), duplexes, homes converted to apartments, or other small apartment buildings (10.73%), mobile homes or trailers (7.11%), and a few row houses and other attached homes (5.20%).

People in Stillwater primarily live in small (one, two, or no bedroom) single-family detached homes. Stillwater has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Stillwater built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stillwater built from 1940-1969 (35.82%). A lesser amount of the housing stock also hails from 1995 and later (8.35%), and some were built from 1939 and earlier (8.35%).

Stillwater home appreciation rates

Real estate appreciation rates in Stillwater have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.68% during the period.

Appreciation rates are so strong in Stillwater that despite a nationwide downturn in the housing market, Stillwater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stillwater appreciation rates continue to be some of the highest in America, at 4.23%, which is higher than appreciation rates in 85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stillwater. Stillwater appreciation rates in the latest quarter were at 1.43%, which equates to an annual appreciation rate of 5.72%.

Relative to Oklahoma, our data show that Stillwater's latest annual appreciation rate is higher than 64% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Stillwater differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stillwater - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Stillwater real estate investment or home purchase decisions.