Odessa, MO—64076
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Odessa, MO
As of Oct '25, the median home price in Odessa, MO is $257,000, with a year-over-year change of 5.8%. This indicates that home prices in Odessa, MO are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | 5.8% |
| Single Family | $258,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | 6.6% |
3 Bed | $267,000 | 6.0% |
4 Bed | $339,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Odessa, MO
As of July '25, Rentcast reports the average rent in Odessa, MO is $1,420, with a year-over-year rent change of 70.7%. Per bedroom, the median rent as of July '25 in Odessa, MO is 1-bedrooms: $698, 2-bedrooms: $832, 3-bedrooms: $1,570. The most common rental property sizes in Odessa, MO are 2-bedroom and 1-bedroom, accounting for 51.5% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $645 | $698 |
| 2 Bed Rent | $825 | $832 |
| 3 Bed Rent | $1,600 | $1,570 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Odessa, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Odessa, MO is 43. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -3.0% |
Listing Count | 45 | 47.0% |
| Listings as % of Homes | 0.7% | 47.0% |
Days on Market | 43 | -26.0% |
Demographics — Odessa, MO
As of the latest ACS Survey released in 2023, Odessa, MO has a population of 9,240, which has increased by 5.4% over the past 5 years. Odessa, MO is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,240 | 5.4% |
% Under 18 | 22.9% | 7.0% |
% Seniors | 20.1% | 25.6% |
% WFH | 7.1% | 29.1% |
% w/ College Degree | 23.2% | 34.1% |
As of the latest ACS Survey released in 2023, Odessa, MO is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Odessa, MO is hispanic, making up 0.8% of the population. Foreign-born residents account for 1.4% of the population in Odessa, MO, and this percentage has increased by 7.7% 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 | 94.7% | -0.5% |
% Black | 0.6% | -45.5% |
% Hispanic | 0.8% | -42.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | 7.7% |
Mortgage and Risk — Odessa, MO
According to HUD data as of 2023, there were 145 mortgage originations in Odessa, MO, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Odessa, MO. Investor activity is low, as 9.0% 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 | 145 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Odessa, MO
Odessa, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 59.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $345 | $645 | $990 |
| 2 Bedroom | $315 | $825 | $1,140 |
| 3 Bedroom | -$110 | $1,600 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Odessa, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $257,000 |
| Median Household Income | $81,100 |