Realtor Com Stillwater Ok: A Comprehensive Guide to Real Estate in Stillwater, Oklahoma
Are you considering moving to Stillwater, Oklahoma? Or maybe you’re looking to invest in real estate in this charming city? Look no further! This detailed guide will provide you with all the information you need to know about real estate in Stillwater, Oklahoma, as provided by a reputable realtor, Realtor Com.
Location and Climate
Stillwater is located in the northern part of Oklahoma, nestled between the beautiful Oklahoma and Cimarron rivers. The city has a population of approximately 45,000 residents and is known for its friendly community, vibrant culture, and excellent educational institutions, including Oklahoma State University.
When it comes to climate, Stillwater experiences a humid subtropical climate with hot summers and mild winters. The city receives an average of 37 inches of precipitation annually, making it a great place for those who enjoy outdoor activities throughout the year.
Real Estate Market Overview
As of 2023, the real estate market in Stillwater is thriving. The median home value is around $250,000, which is a significant increase from the previous years. This growth can be attributed to the city’s strong economy, low unemployment rate, and the increasing demand for housing due to the presence of Oklahoma State University.
Here’s a breakdown of the current real estate market in Stillwater:
| Property Type | Median Price | Percentage Change (Year-over-Year) |
|---|---|---|
| Single-Family Homes | $250,000 | 8% |
| Condos/Townhouses | $150,000 | 5% |
| Multi-Family Homes | $300,000 | 10% |
Neighborhoods to Consider
Stillwater has several neighborhoods to choose from, each with its unique charm and amenities. Here are some of the most popular neighborhoods in the city:
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University Place: This neighborhood is located near Oklahoma State University and is perfect for students and young professionals. It offers a variety of housing options, including apartments, condos, and single-family homes.
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Old Town Stillwater: This historic neighborhood is known for its charming architecture, quaint shops, and restaurants. It’s a great place for those who enjoy a vibrant community atmosphere.
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Southwood: Southwood is a family-friendly neighborhood with spacious homes, parks, and recreational facilities. It’s a popular choice for families and those looking for a quiet, suburban lifestyle.
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Westwood: Westwood is another family-friendly neighborhood with a variety of housing options, including single-family homes, townhouses, and condos. It’s located near the city’s shopping and dining districts.
Benefits of Owning Real Estate in Stillwater
There are numerous benefits to owning real estate in Stillwater, Oklahoma:
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Strong Economy: The city’s economy is driven by Oklahoma State University, the state’s largest employer. This has led to a low unemployment rate and a stable job market.
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Excellent Schools: Stillwater is home to several top-rated schools, including Oklahoma State University and Stillwater Public Schools. This makes it an ideal place for families with children.
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Low Cost of Living: Compared to other cities in the region, Stillwater offers a relatively low cost of living, making it an affordable place to live and own property.
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Abundant Outdoor Activities: With its proximity to the Oklahoma and Cimarron rivers, as well as numerous parks and recreational facilities, Stillwater is a great place for outdoor enthusiasts.
