Stillwater, MN—55082
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Stillwater, MN
As of Oct '25, the median home price in Stillwater, MN is $509,000, with a year-over-year change of 3.4%. This indicates that home prices in Stillwater, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $509,000 | 3.4% |
| Single Family | $525,000 | 3.3% |
| Condos | $304,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $354,000 | 4.4% |
2 Bed | $335,000 | 3.1% |
3 Bed | $462,000 | 3.6% |
4 Bed | $603,000 | 3.1% |
| 5 Bed | $795,000 | 2.7% |
% of Housing Stock
Rental Trends — Stillwater, MN
As of July '25, Rentcast reports the average rent in Stillwater, MN is $2,730, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Stillwater, MN is 1-bedrooms: $1,850, 2-bedrooms: $2,030, 3-bedrooms: $2,930, 4-bedrooms: $3,560. The most common rental property sizes in Stillwater, MN are 1-bedroom and 2-bedroom, accounting for 37.6% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,850 |
| 2 Bed Rent | $1,850 | $2,030 |
| 3 Bed Rent | $2,900 | $2,930 |
| 4 Bed Rent | $3,500 | $3,560 |
% of Rental Stock
Property Listings — Stillwater, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Stillwater, MN is 43. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $655,000 | 4.0% |
Listing Count | 118 | -7.0% |
| Listings as % of Homes | 0.4% | -7.0% |
Days on Market | 43 | 2.0% |
Demographics — Stillwater, MN
As of the latest ACS Survey released in 2023, Stillwater, MN has a population of 36,400, which has increased by 1.5% over the past 5 years. Stillwater, MN is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 52.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | 1.5% |
% Under 18 | 22.1% | -4.3% |
% Seniors | 21.2% | 12.2% |
% WFH | 21.3% | 280.4% |
% w/ College Degree | 52.8% | 13.1% |
As of the latest ACS Survey released in 2023, Stillwater, MN is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Stillwater, MN is hispanic, making up 5.2% of the population. Foreign-born residents account for 4.3% of the population in Stillwater, MN, and this percentage has increased by 72.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.4% | -5.9% |
% Black | 1.9% | -9.5% |
% Hispanic | 5.2% | 173.7% |
% Asian | 2.1% | 75.0% |
% Foreign Born | 4.3% | 72.0% |
Mortgage and Risk — Stillwater, MN
According to HUD data as of 2023, there were 733 mortgage originations in Stillwater, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Stillwater, MN. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 733 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Stillwater, MN
As of 2024, the percent of homes in Stillwater, MN under the Section 8 program is 12.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Stillwater, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 425 |
Total Units Section 8 | 401 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,320 | $1,340 |
| 2 Bedroom | -$210 | $1,850 | $1,640 |
| 3 Bedroom | -$720 | $2,900 | $2,180 |
| 4 Bedroom | -$1,050 | $3,500 | $2,450 |
Affordability — Stillwater, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $509,000 |
| Median Household Income | $118,000 |