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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 $231,399, lower than the Texas average of $322,096.
The average cost of rent is $1,264/mo in Odessa, primarily driven by the current value of real estate in the Odessa area. In Odessa, 38.99% of households rent, and 46.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Odessa is $6,919 per month. Households that rent pay about 18.26% of their income on rent here. Odessa’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Odessa, TX: less expensive homes
- Gardendale, TX: higher priced homes
- Goldsmith, TX: less expensive homes
- Notrees, TX: less expensive homes
- Kermit, TX: less expensive homes
- Wink, TX: less expensive homes
- Garden City, TX: higher priced homes
- Mentone, TX: higher priced homes
- Sterling City, TX: less expensive homes
- Red Bluff, TX: less expensive homes
Cities with Similar Populations
- Nampa, ID: higher priced homes
- Naples, FL: higher priced homes
- Mount Vernon, NY: higher priced homes
- Murrieta, CA: higher priced homes
- Myrtle Beach, SC: higher priced homes
- Nashville, TN: higher priced homes
- Needmore, TX: equally priced homes
- Metairie, LA: higher priced homes
- Mission Viejo, CA: higher priced homes
- Mission, TX: less expensive homes
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