Stillwater, Minnesota, continues to experience steady economic growth, marked by a robust housing market and proactive community development initiatives.
Housing Market Trends
The local housing market reflects this positive trajectory. As of April 2026, the average home value in Stillwater reached $450,923, marking a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating strong demand. The median list price stands at $401,583, with 44 homes available for sale and 23 new listings as of April 30, 2026. Additionally, the average rent in Stillwater is $2,291, surpassing the national average of $1,930.
Community Development Efforts
In February 2026, the City of Stillwater appointed Jason Zimmerman as the new Community Development Director. Zimmerman is leading efforts to shape the city’s future through a comprehensive plan that will guide development for the next two decades. Collaborating with city officials and local businesses, Zimmerman aims to build upon existing projects and foster meaningful growth within the community.
Support for Local Businesses
The Greater Stillwater Chamber of Commerce continues to champion local businesses. In February 2026, the Chamber celebrated the opening of Aire Serv of East Metro, a new HVAC service provider. Owner Mason Bosch, along with staff, family, and community members, participated in a ribbon-cutting ceremony, underscoring the community’s support for new enterprises.
These developments highlight Stillwater’s commitment to fostering a thriving economic environment through strategic planning and community engagement.