Metropolitan Statistical Area (MSA):
Stillwater, OK is a Metropolitan Statistical Area (MSA) comprising counties including Payne County.
The Stillwater, OK metropolitan statistical area (MSA) is seeing some interesting trends in the housing market. The most notable trend is the decrease in home prices. In Stillwater, the median home price has decreased by 2.5% over the past year, and is now $169,000. This is a significant decrease from the peak of the housing market in 2006, when the median home price was $212,000.
Another trend that is being seen in Stillwater is an increase in foreclosures. In 2017, there were 97 foreclosures in Stillwater, which was an increase of 23% from 2016. This trend is likely to continue as more people struggle to keep up with their mortgage payments.
Investors are also taking note of these trends and are starting to purchase more properties in Stillwater. In 2017, investors purchased 1,086 properties in Stillwater, which was an increase of 9% from 2016. This trend shows that investors believe that there is potential for profit in Stillwater's housing market despite the current challenges.