Updated 2026 · Based on median market data for Stillwater, OK
The median monthly rent in Stillwater, OK is $1,320, translating to $15,840 in annual gross rental income per unit. The rent-to-price ratio is 0.56% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Stillwater spend approximately 28% of the local median household income ($56,350) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.
The vacancy rate in Stillwater is 5.8%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.9% annually provides stable demand.
Stillwater's GRM (price divided by annual rent) is 14.8x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,320/mo, a single-family rental in Stillwater generates approximately $15,840 in gross annual income. After accounting for 5.8% vacancy ($919 lost), property taxes of $2,068, insurance (~$940), and maintenance (~$940), the estimated NOI is $10,973 per year, or $914/mo.
Stillwater vs Oklahoma state average and national average across key investment metrics. Stillwater beats the national average but trails the Oklahoma average on cap rate.