Total monthly cost of ownership
Cost to Own a Home in Stillwater, Oklahoma
A $231,000 home here costs
$1,971per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,188. The real number is $784 higher every month — 66% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Stillwater against Payne County and Oklahoma
| Measure | Stillwater | Payne County |
|---|---|---|
| Median home value | $230,900 | $217,700 |
| Median property tax | $2,148 | $1,884 |
| Effective tax rate | 0.930% | 0.865% |
| Median gross rent | $944 | $922 |
| Population | 48,818 | 82,290 |
The weather behind that power bill
Stillwater sits in Payne County, which averages a high of 93.6°F in its hottest month and a low of 25.7°F in its coldest, with 36.04" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,980 cooling and 3,711 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Payne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Payne County
Common questions
How much does it cost to own a home in Stillwater?
A $231,000 home in Stillwater, Oklahoma costs approximately $1,971 per month with 20% down at 6.66%. That is $1,188 principal and interest, $179 property tax, $224 homeowners insurance, $188 utilities and $193 set aside for maintenance.
What is the property tax rate in Stillwater?
Stillwater has an effective property tax rate of 0.930%, based on a median home value of $230,900 and median real estate taxes of $2,148. That is higher than the Payne County average of 0.865%.
What is the average home price in Stillwater?
The median owner-occupied home value in Stillwater, Oklahoma is $230,900, against $217,700 across Payne County.
Is it cheaper to rent or buy in Stillwater?
Median gross rent in Stillwater is $944 a month, against $1,971 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stillwater — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oklahoma.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.