Rent to own Homes in Stillwater, OK
World class dining! Albawadi is a locally-owned restaurant that provides an authentic taste of the Middle East. Bad Brad's BBQ serves cowboy specials that include cornbread, slow roasted meats and baked beans. Bruce Spruce is the place to visit for ice cream treats and coffee concoctions.
Stillwater, OK is a great place for affordable rent-to-own homes! With a median household income of over $34,906 and a median rent of $826, the Stillwater, OK rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Stillwater, OK. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Stillwater, OK
Neighborhoods in Stillwater, OK
Westwood rent to own homes Country Club rent to own homes Boulder Creek rent to own homes Berry Creek rent to own homes West College rent to own homes Downtown Stillwater rent to own homes Greek Neighborhood rent to own homes Southern Woods rent to own homes The Strip rent to own homesPopular Zip Codes in Stillwater, OK
74078 rent to own homes 74075 rent to own homes 74077 rent to own homes 74076 rent to own homesBuying a Home in Stillwater, OK
Stillwater, OK is seeing rapid growth and Stillwater, OK's' housing market remains optimal with an average home price that is -15% below the 2024 national average. Stillwater, OK is part of Payne county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Payne is 0.77% which is below the national average, which is 0.99%.
Median Home Price in Stillwater, OK
Median Rent in Stillwater, OK
Top 10 Reasons to Live in Stillwater
Homes that appreciate! Not only are rent to own properties in Stillwater safe -- neighborhood watches are common here -- but they appreciate in value faster than homes in other parts of the country. Homes in Stillwater appreciate about 2.74% a year whereas homes in the U.S. in general only appreciate 1.62%.
Shopping trips! There are several shopping centers to choose from in Stillwater such as Lakeview Pointe, Pioneer Square and Frontier Plaza. Downtown Stillwater is the place to go for locally owned and unique shops such as Gypsysnark Books, Vestige and Fruity Delights.
Art and history! The Gardiner Art Gallery has a rotating collection on display and frequently features local university students and staff as well as regional and nationally acclaimed artists. The MultiArts Studio has an open workspace for independent artists, classes open to the community and a gift gallery where local artists display and sell their works. The Sheerar Museum of Stillwater History has a collection that highlights the rich history of the area.
Historic neighborhoods! The town of Stillwater has undergone many expansions over the years and the architectural style of these areas are all unique. Many rent to own homes can be found in some of these neighborhoods such as Holcombes, South Hill, Hersey Staples, North Hill, Staples and Mays, and Greeley.
Community events! The town of Stillwater hosts many annual events to help bring the community together. The Annual Stillwater Arts Festival is held in April, the annual Downtown Stillwater Car and Bike Show occurs in September, and there is an annual 4th of July fireworks show at Boomer Lake Park.
Red dirt music! Stillwater is considered the home of this distinctive style of music and it is still a musical city. Eskimo Joe's is open Wednesday through Saturday and features live music on a regular basis. Tumbleweed Dancehall & Concert Venue offers live music and plenty of room to dance.
Low property taxes! It pays to choose one of the Stillwater rent to own houses, especially when it comes to property taxes. The property tax rate in Stillwater is just $6.80 compared to an almost-double $11.20 for the national average.
Play outside! There are plenty of places to enjoy nature in Stillwater. The Botanic Garden is made up of about 100 acres and the staff maintain more than 1,000 species of plants. Lake McMurtry is a treasure trove of outdoor activities including, boating, hiking, bird watching, swimming, fishing and camping on more than 2,000 acres of park land and the lake itself which is more than 1,000 acres.
Strong rental market! More than half (58%) of residents rent, so local realtors are more than familiar with the rental market. The median gross rent is $581, below the state average of $602.