Stillwater, Minnesota, continues to experience steady economic growth, marked by a vibrant local business scene, a dynamic housing market, and proactive community development efforts.
Local Business and Entrepreneurship
The city’s entrepreneurial spirit is exemplified by young business owners like 20-year-old Ethan Sorensen, who recently opened E’s Gourmet Sandwiches in downtown Stillwater. The shop offers a variety of options, including hot chicken, burgers, and cold-cut Italian clubs. Sorensen, who began working in restaurants at 14, finds the experience both exciting and stressful.
Housing Market Trends
Stillwater’s housing market reflects its economic vitality. As of April 2026, the average home value is $450,923, marking a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating strong demand.
Community Development Initiatives
In February 2026, the city welcomed Jason Zimmerman as the new Community Development Director. Zimmerman is collaborating with city officials and residents to shape Stillwater’s future, focusing on projects that enhance the community’s appeal and support sustainable growth.
These developments underscore Stillwater’s commitment to fostering a thriving economic environment, supporting local businesses, and enhancing the quality of life for its residents.