The story of this market
The typical home in ZIP 74062 sells for about $284,835, or $158 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 74062 — Ripley
The Stillwater housing market shows strong signs of growth, driven by consistent demand from the university and a robust local economy. While inventory remains tight, the steady increase in median home values and sales volume reflects a healthy, active market environment.
This ZIP is ideal for university-affiliated families, faculty, and students, as well as local professionals seeking a stable community with strong educational and recreational amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 93 days on market with 3.8 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 22.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 74062, Payne County OK
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Stillwater are generally consistent with regional averages for university towns, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address safety trends.
Stillwater Public Schools are highly regarded, anchored by the recent construction of a new high school facility that serves as a centerpiece for the district's academic and extracurricular offerings.
The area faces moderate risk from severe weather, including tornadoes and high winds common to central Oklahoma, necessitating standard insurance coverage for wind and hail.
Economic momentum is driven by Oklahoma State University and recent infrastructure investments, including significant airport expansions and new educational facilities.
Property taxes are assessed by Payne County based on fair market value, with specific millage rates determined by local school districts and municipal levies.
Commutes are generally short due to the compact nature of the city, with most residents reaching the university or downtown employment core within 15 minutes.
The area features extensive recreational access including Boomer Lake Park, various municipal golf courses, and a network of trails maintained by the city.
The rental market is heavily influenced by the university student population, resulting in high demand and low vacancy rates near the campus core.
The economy is anchored by Oklahoma State University, which serves as the primary employer, supported by a mix of retail, healthcare, and light manufacturing sectors.
The city relies primarily on personal vehicle transit, with well-maintained arterial roads connecting to major state highways.
Municipal planning is focused on addressing a projected housing shortage of over 3,000 units through mixed-use development and residential expansion.
The Payne County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Stillwater Public Schools district taxes and municipal utility service fees.
Property insurance premiums are influenced by regional exposure to severe convective storms, leading to higher-than-average wind and hail coverage costs.
Data retrieved from data.census.gov ZCTA 74062 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major municipal park featuring walking trails, fishing, and picnic areas.
Championship-level golf course serving the university and public.
Central community hub for educational and cultural programming.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.