Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, offers a dynamic real estate market. This guide provides an overview of current housing trends, rental insights, and notable developments to assist prospective buyers and renters.
Housing Market Overview
As of mid-2026, Stillwater’s housing market exhibits a blend of stability and competitiveness. The median sale price for homes is approximately $426,000, reflecting a 10.4% decrease compared to the previous year. Despite this decline, homes typically sell within 20 days, indicating sustained buyer interest. Notably, 56.3% of homes sold above the listing price, underscoring the market’s competitive nature.
Rental Market Insights
The rental sector in Stillwater remains robust. The average monthly rent is around $2,218, surpassing the national average of $1,951. This suggests a strong demand for rental properties, making it a favorable environment for landlords and property investors.
Short-Term Rental Dynamics
Short-term rentals, such as those listed on platforms like Airbnb, have gained traction in Stillwater. As of June 2026, there are 115 active listings, with an average annual revenue of $36,400 per property. These rentals maintain an average daily rate of $399 and an occupancy rate of 45%, highlighting their viability as investment opportunities.
Local Development Projects
Stillwater continues to evolve with various development projects aimed at enhancing the community’s appeal. For instance, the expansion of El Sazon, a renowned Latin restaurant, into Stillwater in early 2025, has contributed to the city’s vibrant culinary scene. Such developments not only enrich the local culture but also positively influence property values and attract new residents.
Conclusion
Stillwater’s real estate market offers a diverse range of opportunities for buyers, renters, and investors. With its unique blend of historical significance and modern amenities, the city remains an attractive destination for those seeking a dynamic living environment.