Home Insurance in Stillwater, Oklahoma
With a median home value of $237,200, Stillwater is 6% higher than the Payne County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Stillwater was built around 1984. About 14% of homes were built before 1960, about 4 points below Payne County's 18%.
The housing stock in Stillwater is 56% single-family homes, 31% apartments in buildings with 5+ units and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Stillwater, about 62% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 37% of occupied homes in Stillwater are owner-occupied.
48% of homes in Stillwater are primarily heated with electricity.
FEMA rates Payne County's overall risk as Relatively Moderate, led by hail (Relatively High). Payne County had 124 active NFIP flood policies as of September 2026. See the full Payne County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Oklahoma carries a statewide average premium of $2,486 per year.
Key figures
| Median home value | $237,200 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 37% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Payne County | 124 |
| Home insurance premium | $2,486 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)