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These days, finding an affordable place to live in the Odessa area can be challenging. Home prices in Odessa are now at a median cost of $348,156, higher than the Nebraska average of $252,353.
The average cost of rent is $878/mo in Odessa, primarily driven by the current value of real estate in the Odessa area. In Odessa, 13.09% of households rent, and 42.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Odessa is $7,939 per month. Households that rent pay about 11.05% of their income on rent here. Odessa’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elm Creek, NE: less expensive homes
- Riverdale, NE: less expensive homes
- Kearney, NE: less expensive homes
- Amherst, NE: less expensive homes
- Funk, NE: less expensive homes
- Axtell, NE: less expensive homes
- Overton, NE: less expensive homes
- Loomis, NE: less expensive homes
- Holdrege, NE: less expensive homes
- Miller, NE: less expensive homes
Cities with Similar Populations
- Mc Intosh, NM: less expensive homes
- Red River, NM: equally priced homes
- Reasnor, IA: less expensive homes
- Monarch, SC: less expensive homes
- Mine Run, VA: equally priced homes
- Miltonvale, KS: less expensive homes
- Mico, TX: less expensive homes
- Menola, NC: less expensive homes
- Menlo, IA: less expensive homes
- Melton, VA: less expensive homes
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