Stillwater, Oklahoma Housing Market Prices
Stillwater Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% below the Oklahoma median$87,876
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Median rent 9% below the Oklahoma median$924
Housing Market Overview
| Metric | Stillwater | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,876 | $133,462 | $248,835 |
| Price Trend (Annual %) | -4.7% | 5.4% | 7.5% |
| Median Gross Rent | $924 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stillwater is about 34% lower than in Oklahoma. Rent is about 9% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Stillwater: home prices fell about 4.7% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
Median rent in Stillwater rose about 27.3% between 2015 and 2024, from $726 to $924. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Stillwater.
Buying the median-priced home in Stillwater costs roughly 7.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Stillwater. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Stillwater | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,876 | $133,462 | $248,835 |
| Median Household Income | $41,467 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Stillwater fell about 45.7%, while median household income rose about 41.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Stillwater | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 29.2% | 57.9% | 58.5% |
| Rental Rate | 58.8% | 30.1% | 31.2% |
| Vacancy Rate | 12.0% | 12.0% | 10.2% |
| Median Tenure (years) | 9.0 | 14.0 | 15.0 |
| Median Year Moved In | 2017 | 2012 | 2011 |
Stillwater has a homeownership rate of 29.2%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 12.0%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Stillwater | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.02 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 4.5 | 5.5 | 5.5 |
The typical housing unit in Stillwater was built around 1984. On average, 2.0 people live in a home with about 4.5 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stillwater, Oklahoma.
What is the median home price in Stillwater, Oklahoma?
The median home price in Stillwater, Oklahoma is $87,876, lower than the Oklahoma average of $133,462.
What is the average home price in Stillwater, Oklahoma?
The typical home price in Stillwater, Oklahoma, reported as the median sale price, is $87,876. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Stillwater, Oklahoma?
The median gross rent in Stillwater, Oklahoma is $924 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Stillwater in 2020?
In 2020, the median gross rent in Stillwater, Oklahoma was $816 per month.
What is the price-to-rent ratio in Stillwater, Oklahoma?
The price-to-rent ratio in Stillwater, Oklahoma is about 7.9, meaning it would take roughly 7.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Stillwater.
Are home prices or rent rising faster in Stillwater, Oklahoma?
Home prices and rent are moving in opposite directions in Stillwater: home prices fell about 4.7% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Stillwater, Oklahoma?
29.2% of households in Stillwater, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Stillwater, Oklahoma?
The housing vacancy rate in Stillwater, Oklahoma is 12.0%, about the same as the Oklahoma average.
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