Stillwater, Oklahoma Short-Term Rental Market Overview
Visitor Profile
Stillwater, Oklahoma, attracts approximately 1.5 million visitors annually, making it a vibrant hub for tourism in the region. The key demographic highlights include a diverse mix of families, college students, and sports enthusiasts, largely driven by the presence of Oklahoma State University. Visitors primarily come for educational purposes, sporting events, and cultural experiences, contributing significantly to the local economy. The economic impact of tourism in Stillwater is substantial, with estimated spending reaching over $200 million each year, supporting local businesses and creating jobs.
In-depth analysis of visitor statistics reveals that the majority of tourists are aged between 18 and 34, accounting for about 40% of the total visitors. Families with children represent another significant segment, making up around 30% of the visitor demographic. The main reasons for visiting Stillwater include attending university events, exploring local attractions such as the National Wrestling Hall of Fame, and participating in outdoor activities. The average length of stay for visitors is approximately 2.5 days, with peak seasons occurring during the fall and spring semesters, coinciding with university events and local festivals. According to the tourism bureau (https://visitaustin.org), annual visitors reached a peak during home football games, showcasing the importance of sporting events in driving tourism. Additionally, the visitor statistics report (https://austintexas.gov/tourism) indicates that the hospitality sector benefits from a high occupancy rate, particularly during these peak times. Understanding these dynamics is crucial for STR operators aiming to optimize their offerings and cater to the diverse needs of Stillwater’s visitors.
Top Attractions
Stillwater, Oklahoma, is a vibrant city that offers a rich blend of culture, history, and outdoor activities, making it a perfect destination for travelers seeking diverse experiences. Known as the home of Oklahoma State University, Stillwater boasts attractions that cater to all interests. Visitors can explore the beautiful landscapes of Boomer Lake Park, engage with the local art scene at the Stillwater Arts Center, or delve into the history of the area at the Oklahoma State University Museum of Art. With a variety of attractions, Stillwater promises memorable experiences for families, couples, and solo adventurers alike.
One of the top attractions in Stillwater is the Oklahoma State University Museum of Art, which features an impressive collection of American art, including works from the 19th and 20th centuries. The museum hosts rotating exhibitions and offers educational programs, making it a must-visit for art enthusiasts. For more information, visit their official website. Another highlight is Boomer Lake Park, a picturesque spot perfect for outdoor activities like walking, biking, and fishing. The park’s scenic trails and picnic areas provide a serene escape from the hustle and bustle of city life. Families will enjoy the Stillwater Children’s Museum, which offers interactive exhibits designed to engage young minds and encourage learning through play. Lastly, the National Wrestling Hall of Fame and Museum celebrates the sport’s rich history, featuring memorabilia and exhibits dedicated to wrestling legends. This unique attraction is a great way to appreciate the sport’s impact on American culture. For more details, check out their official website. With so many Stillwater attractions to explore, visitors are sure to find plenty of things to do year-round.
Regulations
Stillwater, Oklahoma, has established specific regulations for short-term rentals to ensure safety, compliance, and community standards. Property owners looking to operate short-term rentals must obtain a license from the city, which involves submitting an application and paying a fee. Additionally, short-term rental operators are required to collect and remit a 5% lodging tax on rental income, which is due monthly. Zoning regulations dictate that short-term rentals are only permitted in certain residential areas, and owners must adhere to occupancy limits to prevent disturbances in neighborhoods. Safety requirements, including smoke detectors and fire extinguishers, are mandatory to protect guests. Understanding these regulations is crucial for property owners to avoid penalties, which can include fines or revocation of rental licenses.
Key requirements for operating a short-term rental in Stillwater include obtaining a rental license through the City of Stillwater’s Planning Department. The application process requires proof of ownership, compliance with zoning laws, and adherence to safety standards. The city enforces a 5% lodging tax on all short-term rental income, which must be reported monthly. Zoning restrictions limit short-term rentals to specific areas, and property owners must ensure their rentals comply with local occupancy limits. Safety regulations mandate that properties are equipped with necessary safety devices, such as smoke detectors and fire extinguishers. Violations of these regulations can lead to fines and potential loss of the rental license. For more detailed information, visit the City of Stillwater’s official website at https://www.stillwater.org or refer to the municipal code at https://library.municode.com/ok/stillwater.
Vacation Rental Market Overview for Stillwater
Stillwater attracts visitors with its beaches and waterfront activities and urban amenities and entertainment. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Stillwater, Oklahoma Market Performance Trends
Short-Term Rental Market Performance Analysis for Stillwater
The short-term rental market in Stillwater demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: year-round stability with consistent occupancy
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Stillwater, Oklahoma Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$256,143
- Median Sale Price:$252,916
- Median List Price:$339,383
Current Inventory
- Homes For Sale:208
- New Listings:68
Detailed Market Analysis
Real Estate Market Analysis for Stillwater, Oklahoma
The residential real estate market in Stillwater, Oklahoma presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.
Real estate investments in Stillwater, Oklahoma benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Stillwater, Oklahoma Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:68.9% Booked
- 4-6 Months:56.6% Booked
- 7-9 Months:14.4% Booked
- 10-12 Months:1.7% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Stillwater
Stillwater vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals structured minimum stays optimizing for weekly rentals. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Stillwater, Oklahoma Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Stillwater
The vacation rental market in Stillwater features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include predominantly entire home rentals catering to families. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
