The typical owner-occupied home in Stillwater is worth about $237,200, 19% above the Oklahoma median of $199,800 and 29% below the national median of $332,700. Owners pay a median $2,207 a year in property taxes, about 0.93% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $43,700 a year, so the median home costs 5.4 times the median income (3.1 times for Oklahoma). 37% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Stillwater at a glance
| Stillwater | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $237,200 | $199,800 | $332,700 |
| Median property tax paid per year | $2,207 | $1,599 | $3,119 |
| Property tax as a share of value | 0.93% | 0.80% | 0.94% |
| Median household income | $43,700 | $65,039 | $80,734 |
| Homes lived in by their owners | 37% | 66% | 65% |
| Owner homes with a mortgage | 62% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,864 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 23.9% | 19.6% | 21.0% |
| Median rent | $947 | $1,014 | $1,413 |
| Rent as a share of renters' income | 36.0% | 28.4% | 30.6% |
| Median year homes were built | 1984 | 1980 | 1980 |
| Vacant homes | 12.1% | 12.0% | 10.1% |
| Population | 49,269 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Stillwater
At this week's average 30-year rate of 7.11%, buying the median Stillwater home of $237,200 with 20% down costs about $1,559 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,954, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $66,822 for the 20%-down payment. That payment is 43% of the median Stillwater household income of $43,700; at that income and 20% down, the 28% guideline points to a home of about $155,000.
The median rent here is $947 a month, so owning the median home costs about $612 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $47,440 |
|---|---|
| Loan amount | $189,760 |
| Principal and interest | $1,277 |
| Property taxes (0.93% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,559 |
Change the numbers in the calculator
| Down payment | $8,302 |
|---|---|
| Loan amount | $232,904 |
| Principal and interest | $1,567 |
| Property taxes (0.93% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $1,954 |
Change the numbers in the calculator
Questions about home buying in Stillwater
What is the median home value in Stillwater?
About $237,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stillwater?
Homeowners pay a median $2,207 a year, which is about 0.93% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Stillwater?
For the median home with 20% down at 7.11%, the payment is about $1,559 a month. Keeping that under 28% of gross income takes about $66,822 a year.
More about Stillwater
- Mortgage Refinance in Stillwater
- Debt Relief in Stillwater
- Home Equity Loans in Stillwater
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data