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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Stillwater, OK Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Stillwater, OK Housing Market Trends

With a population of 49,160, 18,951 total housing units (homes and apartments), and a median house value of $264,886, 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 50.80% of the city's housing units. Other types of housing that are prevalent in Stillwater include large apartment complexes or high rise apartments ( 31.26%), duplexes, homes converted to apartments or other small apartment buildings ( 9.06%), and a few mobile homes or trailers ( 4.55%).

Renters dominate Stillwater's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Stillwater built from 1970 to 1999 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 between 2000 and later ( 30.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.74%). There's also some housing in Stillwater built before 1939 ( 3.40%).

Vacant housing appears to be an issue in Stillwater. Fully 13.93% of the housing stock is classified as vacant. Left unchecked, vacant Stillwater homes and apartments can be a drag on the real estate market, holding Stillwater real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Stillwater Home Appreciation Rates

Stillwater's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stillwater during the period has been just 5.26%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Stillwater's appreciation rate, at 5.14%, has been at or slightly above the national average. In the latest quarter, Stillwater's appreciation rate has been 0.88%, which annualizes to a rate of 3.58%.

Relative to Oklahoma, our data show that Stillwater's latest annual appreciation rate is higher than 50% 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 2000, to assist you in making the best Stillwater real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$264,886

Stillwater, OK Home Prices
> $1,292,000
$969,001 - $1,292,000
$646,001 - $969,000
$517,001 - $646,000
$388,001 - $517,000
$258,001 - $388,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
1.3%
1.3%
0.4%
0.4%
3.4%
3.4%
4.6%
4.6%
12.2%
12.2%
30.0%
30.0%
39.7%
39.7%
4.5%
4.5%
3.8%
3.8%
0% 100.0%
% of Homes
Very High

for Oklahoma

Average

for nation

Number of Homes And Apartments:

18,951

Stillwater Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,571 / per month

Homeownership Rate

Owners
Renters
30.9%
30.9%
69.1%
69.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.9%
13.9%
86.1%
86.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.7%
30.7%
41.2%
41.2%
24.7%
24.7%
3.4%
3.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.8%
50.8%
4.3%
4.3%
9.1%
9.1%
31.3%
31.3%
4.6%
4.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
14.1%
14.1%
28.0%
28.0%
39.7%
39.7%
11.5%
11.5%
2.4%
2.4%
0% 100.0%
% of Homes