Stillwater is a historic and scenic city located along the St. Croix River in eastern Minnesota. Known for its riverfront views, boutique shops, historic architecture, and vibrant tourism scene, Stillwater blends small city charm with natural beauty.
The city offers trails, cultural venues, parks, and year-round attractions that draw residents and visitors from across the region.
City Overview and Riverfront Identity
Stillwater has a population of approximately 20,000 residents, making it one of the most notable communities in the St. Croix Valley. The city contains around 8,000 housing units. The median age is about 43, reflecting a mix of families, professionals, retirees, and long-term residents.
Stillwater is known for its historic downtown, scenic river views, and strong sense of community.
Population Breakdown
- 23 percent under age 18
- 7 percent between 18 and 24
- 26 percent between 25 and 44
- 28 percent between 45 and 64
- 16 percent age 65 or older
Historical Background and River Valley Heritage
Stillwater was founded in the mid 1800s and is often referred to as the birthplace of Minnesota. The city grew as a lumber and riverfront trading center, supported by mills, warehouses, and steamboat commerce.
Today, Stillwater preserves its historic charm through restored buildings, riverfront parks, and a thriving downtown district.
Neighborhoods and Residential Areas
Stillwater features a mix of historic neighborhoods, modern subdivisions, and river valley communities. Notable areas include:
- Downtown Stillwater with historic homes and walkable streets
- North Hill with classic architecture and scenic views
- South Hill with parks and established neighborhoods
- Oak Glen area with newer development and golf course access
- Rural-edge communities with larger lots and open land
Housing Market and Local Development
The Stillwater housing market includes historic homes, single-family residences, townhomes, condos, and new construction. The city is known for its strong property values, scenic neighborhoods, and demand from residents seeking riverfront living.
New development continues on the west and south sides of the community.
Economic Landscape and Major Employers
Stillwater’s economy is supported by tourism, retail, hospitality, healthcare, education, and professional services. The city benefits from its riverfront location and strong visitor traffic.
Major employers in and around Stillwater include:
- Stillwater Public Schools
- Lakeview Hospital
- Local hospitality and tourism businesses
- Retail and service companies throughout the valley
- Manufacturing and professional service providers
Commercial Districts and Shopping Areas
Stillwater features several commercial districts that support residents and visitors. Key areas include:
- Downtown Stillwater with boutiques, restaurants, and riverfront attractions
- MarketPlace shopping area
- Highway 36 commercial corridor
- Local business parks supporting service and professional industries
Climate and Seasonal Living
Stillwater experiences a typical Minnesota climate with warm summers and cold winters. Average July highs reach around 83 degrees, while average January lows fall to about 6 degrees. Annual snowfall averages roughly 50 inches, and rainfall totals about 32 inches per year.
Seasonal activities include boating, hiking, winter recreation, and community festivals.
Parks, Trails, and Outdoor Recreation
The city is known for its parks, trails, and outdoor recreation opportunities. Popular destinations include:
- Lowell Park along the riverfront
- Pioneer Park with scenic overlooks
- Lily Lake Park with swimming and recreation
- Brown’s Creek State Trail for biking and walking
- Local greenways and neighborhood parks
Higher Education and Nearby Learning Options
While Stillwater does not have its own four-year university, it is close to several higher education institutions throughout the Twin Cities and western Wisconsin.
Local and nearby options include:
- University of Minnesota–Twin Cities
- Century College
- Metropolitan State University
- University of Wisconsin–River Falls
Public Schools and Academic Programs
Stillwater is served by Stillwater Area Public Schools (District 834), one of the oldest school districts in Minnesota. The district operates numerous elementary schools, several middle schools, and one main high school:
- Stillwater Area High School
Private and Faith-Based Schools
The area offers several private and faith-based school options serving preschool through high school. Notable schools include:
- St. Croix Catholic School
- New Heights School
- Local early childhood centers
Education Levels and Workforce Profile
Educational attainment in Stillwater reflects a highly skilled workforce across professional, technical, and service sectors. For residents age 25 and older:
- Approximately 97 percent have graduated high school
- About 50 percent hold a bachelor’s degree or higher
- Median household income is around 100,000 dollars
- The unemployment rate is approximately 2 percent
Transportation and Regional Connectivity
Stillwater offers convenient transportation access throughout the St. Croix Valley and Twin Cities metro. Transportation options include:
- Highway 36 access
- Local roads connecting to Oak Park Heights, Bayport, and Lake Elmo
- Nearby Minneapolis–St. Paul International Airport
- Bike paths and pedestrian-friendly areas
Recreation Centers and Community Facilities
The city maintains a strong recreation system with facilities for residents of all ages. Popular destinations include:
- Stillwater Community Center
- Sports complexes and athletic fields
- Neighborhood playgrounds and green spaces
- Local fitness and wellness centers
Sports, Fitness, and Local Activities
Stillwater supports a variety of youth and adult sports programs through its school district and community organizations. Popular activities include baseball, soccer, hockey, tennis, swimming, and community recreation leagues.
Arts, Culture, and Local Entertainment
Stillwater has a vibrant arts and culture scene supported by theaters, galleries, and community events. Highlights include:
- Historic downtown arts and music events
- Local galleries and artisan shops
- Seasonal festivals and riverfront celebrations
- Community theater and cultural programs
Dining, Shopping, and Local Favorites
Stillwater offers a mix of local restaurants, specialty shops, and riverfront dining. Popular destinations include:
- Lolo American Kitchen
- Dock Cafe
- Brick and Bourbon
- Downtown cafés and coffeehouses
- Boutiques and artisan shops along Main Street
Other attractions include riverboat tours, historic sites, and scenic overlooks throughout the community.
Healthcare and Medical Services
Stillwater and the surrounding area offer several full-service hospitals and medical centers. Major facilities include:
- Lakeview Hospital
- HealthPartners clinics
- Local urgent care centers
Annual Events and Community Traditions
Stillwater hosts numerous events throughout the year that draw residents and visitors from across the region. Popular events include:
- Lumberjack Days
- Harvest Fest
- Rivertown Art Festival
- Holiday celebrations and winter events
- Seasonal farmers markets
City Services and Resident Support
Stillwater operates its own police, fire, and public works departments, along with a wide range of community services. The city supports residents through infrastructure maintenance, recreation programs, and public safety initiatives.
Libraries and Learning Resources
The Stillwater Public Library offers books, digital resources, community programs, and meeting spaces. The library hosts workshops, children’s activities, and cultural events throughout the year.
Why Choose Us as Your Stillwater Mortgage Lender?
Choosing the right mortgage lender matters. We combine local expertise with a full suite of loan programs to help buyers, homeowners, investors, and self‑employed borrowers achieve their goals with clarity and confidence. Our team provides personalized guidance from application to closing, backed by fast communication and a partner‑first approach.
Local Knowledge, National Strength
We understand the Stillwater market and the unique needs of buyers in this area. Our loan officers, processors, and support teams work together to deliver a smooth, transparent experience whether you’re purchasing, refinancing, or investing.
Programs for Every Type of Buyer
We offer a wide range of mortgage solutions designed to fit different financial situations and property types. Our programs include:
- Conventional Loans
- FHA Loans
- VA Loans for eligible veterans and service members
- USDA Loans for qualifying rural areas
- Jumbo and high‑balance loans
- Bank Statement Loans for self‑employed borrowers
- DSCR Loans for real estate investors
- Condo financing, including warrantable and select non‑warrantable buildings
- Low‑down‑payment options for first‑time buyers
Fast, Clear, and Responsive
We prioritize communication and efficiency. From prequalification to closing, our team keeps you informed at every step. Our streamlined process helps reduce delays, minimize surprises, and keep your transaction moving forward.
Dedicated Support from Start to Finish
Our loan teams and branch partners work closely with buyers, homeowners, and real estate professionals to ensure a smooth experience. We take the time to understand your goals, answer your questions, and recommend the best loan options for your situation.
A Partner‑First Culture
We believe in building long‑term relationships based on trust, transparency, and exceptional service. Our commitment to doing what’s right for our customers has earned us strong reviews, repeat business, and industry recognition.
Whether you’re buying your first home, upgrading, investing, or refinancing, we’re here to help you navigate the mortgage process with confidence.
Home Financing Options in Stillwater
Buying a home in Stillwater doesn’t require a one‑size‑fits‑all mortgage. Whether you’re a first‑time buyer, a move‑up buyer, an investor, or someone with non‑traditional income, there are multiple loan programs designed to fit different financial situations and property types. Many buyers are surprised to learn how flexible today’s mortgage options really are.
Low‑Down‑Payment and No‑Down‑Payment Options
You don’t need 20 percent down to buy a home. In fact, many buyers qualify for programs that require little or no out-of-pocket money. These include:
- FHA Loans – 3.5 percent down with flexible credit guidelines
- VA Loans – 0 percent down for eligible veterans and active‑duty service members
- USDA Loans – 0 percent down for qualifying rural areas
- Conventional 3 percent down programs for first‑time buyers
These programs are designed to make homeownership more accessible, even if you haven’t saved a large down payment.
Family Opportunity Mortgage
The Family Opportunity Mortgage is designed for situations where one family member wants to help another purchase a home. This program allows qualifying buyers to purchase a property for an elderly parent, a child with disabilities, or a college‑aged student without treating the loan as an investment property. This often results in lower rates, lower down payments, and more flexible qualification guidelines.
- Buy a home for an aging parent who cannot qualify on their own
- Provide housing for an adult child with disabilities
- Qualify using primary‑residence terms instead of investment‑property terms
This program can be a powerful solution for families who want to support loved ones while also benefiting from more favorable mortgage terms.
Financing Options for Self‑Employed Borrowers
Self‑employed buyers often have high income but limited W‑2 documentation. Bank Statement Loans allow qualifying borrowers to use business or personal bank statements to verify income instead of tax returns. This can be a great fit for entrepreneurs, freelancers, and independent contractors.
Investor and Rental Property Loans
Real estate investors have access to specialized programs that make purchasing rental properties easier. DSCR (Debt Service Coverage Ratio) Loans qualify based on the property’s rental income rather than the borrower’s personal income. This is ideal for investors building or expanding a rental portfolio.
Jumbo and High‑Balance Loans
For higher‑priced homes, Jumbo Loans offer competitive rates and flexible terms. These programs are designed for buyers who need loan amounts above conventional limits and often include options for lower down payments than many people expect.
Condo Financing
Condos require specific financing guidelines, and not all lenders specialize in them. We offer FHA, VA, conventional, and non-conventional condo financing, including options for warrantable and select non‑warrantable buildings. This helps buyers access more properties with confidence.
Refinance and Equity Options
Homeowners looking to lower their payment, shorten their loan term, or access equity have several refinance options. Cash‑out refinances can help fund home improvements, debt consolidation, or other financial goals.
Which Program Fits You?
Every buyer’s situation is different. Your income, credit, property type, and long‑term goals all play a role in determining the best mortgage program. Whether you’re buying your first home, upgrading, investing, or refinancing, we can help match you with the loan that fits your needs.
