Odessa, FL—33556
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Odessa, FL
As of Oct '25, the median home price in Odessa, FL is $662,000, with a year-over-year change of -3.1%. This indicates that home prices in Odessa, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $662,000 | -3.1% |
| Single Family | $672,000 | -3.2% |
| Condos | $221,000 | -6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $236,000 | -5.6% |
2 Bed | $328,000 | -6.6% |
3 Bed | $526,000 | -3.3% |
4 Bed | $716,000 | -3.0% |
| 5 Bed | $944,000 | -2.1% |
% of Housing Stock
Rental Trends — Odessa, FL
As of July '25, Rentcast reports the average rent in Odessa, FL is $3,240, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in Odessa, FL is 1-bedrooms: $1,560, 2-bedrooms: $1,950, 3-bedrooms: $2,970, 4-bedrooms: $3,880. The most common rental property sizes in Odessa, FL are 2-bedroom and 1-bedroom, accounting for 31.6% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,560 |
| 2 Bed Rent | $1,850 | $1,950 |
| 3 Bed Rent | $2,950 | $2,970 |
| 4 Bed Rent | $3,400 | $3,880 |
% of Rental Stock
Property Listings — Odessa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Odessa, FL is 77. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $755,000 | 6.0% |
Listing Count | 233 | 10.0% |
| Listings as % of Homes | 1.4% | 10.0% |
Days on Market | 77 | 26.0% |
Demographics — Odessa, FL
As of the latest ACS Survey released in 2023, Odessa, FL has a population of 34,000, which has increased by 48.2% over the past 5 years. Odessa, FL is a popular place for families, as children make up 26.0% of the population. The area has a highly educated workforce, with 54.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,000 | 48.2% |
% Under 18 | 26.0% | 9.7% |
% Seniors | 13.6% | -9.9% |
% WFH | 29.7% | 120.0% |
% w/ College Degree | 54.6% | 19.2% |
As of the latest ACS Survey released in 2023, Odessa, FL is a predominantly white area, with 66.4% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Odessa, FL is hispanic, making up 18.0% of the population. Foreign-born residents account for 12.2% of the population in Odessa, FL, and this percentage has increased by 11.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.4% | -11.6% |
% Black | 6.0% | 9.1% |
% Hispanic | 18.0% | 47.5% |
% Asian | 5.5% | 31.0% |
% Foreign Born | 12.2% | 11.9% |
Mortgage and Risk — Odessa, FL
According to HUD data as of 2023, there were 1313 mortgage originations in Odessa, FL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Odessa, FL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,313 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Odessa, FL
As of 2024, the percent of homes in Odessa, FL under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Odessa, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,480 | $1,870 |
| 2 Bedroom | $340 | $1,850 | $2,190 |
| 3 Bedroom | -$150 | $2,950 | $2,800 |
| 4 Bedroom | $10 | $3,400 | $3,410 |
Affordability — Odessa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $662,000 |
| Median Household Income | $151,000 |