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Odessa, TX—79762

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$255,000
4.2% YoY Growth
Household Income
$74,600
14.9% YoY Growth
Days on Market
62
7.0% Shorter YoY
Home Price Forecast
-0.9%
Median Rent
$1,800
2.0% YoY Growth
1-Bed Rent
$1,190
18.9% YoY Growth
2-Bed Rent
$1,450
5.1% YoY Growth
3-Bed Rent
$2,100
2.3% YoY Growth

Other Zip Codes in Odessa, TX

7976579764797617976379766
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Odessa, TX

As of Dec '25, the median home price in Odessa, TX is $255,000, with a year-over-year change of 4.2%. This indicates that home prices in Odessa, TX are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$255,0004.2%
Single Family $257,0004.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$173,0004.8%
    3 Bed
    		$257,0003.6%
    4 Bed
    		$325,0001.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.9%
    1 Bedroom
    16.3%
    2 Bedrooms
    21.6%
    3 Bedrooms
    44.2%
    4 Bedrooms
    12.9%
    5+ Bedrooms
    2.0%

    Rental Trends — Odessa, TX

    As of July '25, Rentcast reports the average rent in Odessa, TX is $1,950, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Odessa, TX is 1-bedrooms: $1,150, 2-bedrooms: $1,660, 3-bedrooms: $2,140, 4-bedrooms: $2,880. The most common rental property sizes in Odessa, TX are 2-bedroom and 1-bedroom, accounting for 36.0% and 32.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,950
    Studio Rent N/AN/A
    1 Bed Rent $1,190$1,150
    2 Bed Rent $1,450$1,660
    3 Bed Rent $2,100$2,140
    4 Bed Rent $2,750$2,880
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    % of Rental Stock

    Studio
    7.0%
    1 Bedroom
    32.2%
    2 Bedrooms
    36.0%
    3 Bedrooms
    22.2%
    4 Bedrooms
    2.5%
    5+ Bedrooms
    0.1%

    Property Listings — Odessa, TX

    As of Dec '25, Realtor.com reports that the median days on market for a home in Odessa, TX is 48. This is a decrease of -15.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$260,000-12.0%
    Listing Count
    		942.0%
    Listings as % of Homes0.9%2.0%
    Days on Market
    		62-7.0%
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    Demographics — Odessa, TX

    As of the latest ACS Survey released in 2023, Odessa, TX has a population of 40,100, which has decreased by -8.5% over the past 5 years. Odessa, TX is a popular place for families, as children make up 29.3% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		40,100-8.5%
    % Under 18
    		29.3%5.8%
    % Seniors
    		10.5%8.2%
    % WFH
    		5.0%35.1%
    % w/ College Degree
    		22.2%3.3%
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    As of the latest ACS Survey released in 2023, Odessa, TX is a predominantly hispanic area, with 52.2% of the population identifying as hispanic. The hispanic population has grown by 13.5% in the last 5 years. The second most common race or ethnicity in Odessa, TX is white, making up 37.7% of the population. Foreign-born residents account for 11.5% of the population in Odessa, TX, and this percentage has increased by 32.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		37.7%-16.2%
    % Black
    		6.0%9.1%
    % Hispanic
    		52.2%13.5%
    % Asian
    		1.7%70.0%
    % Foreign Born
    		11.5%32.2%
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    Mortgage and Risk — Odessa, TX

    According to HUD data as of 2023, there were 627 mortgage originations in Odessa, TX, of which 41.0% of loans were conventional mortgages. The average loan-to-value was 89.0%, with 70.0% above 90% LTV (very high). This implies large mortgage risk in Odessa, TX. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		627
    % Conventional Loans
    		41.0%
    % Government Loans
    		59.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Odessa, TX

    As of 2024, the percent of homes in Odessa, TX under the Section 8 program is 5.7%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Odessa, TX, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		433
    Total Units Section 8
    		419
    % Rentals under Section 8
    		5.7%
    % Occupied Section 8
    		78.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$180$1,190$1,370
    2 Bedroom$310$1,450$1,760
    3 Bedroom$20$2,100$2,120
    4 Bedroom-$260$2,750$2,490

    Affordability — Odessa, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$255,000
    Median Household Income$74,600

    Odessa, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Odessa, TX

    79761

    Odessa, TX

    79765

    Gardendale, TX

    79758

    Odessa, TX

    79764

    Odessa, TX

    79763

    Frequently Asked Questions