Odessa, TX
Ector County · Pop. 127,884
Ranked #33 of 243 cities
56Moderate
Median Home Price
🏠$220K
1.5% YoY
Median Rent
🔑$1,200
1.0% YoY
Median Income
💰$62K
Rent Burden
📊26.0%
% of income to rent
Income to Buy
🏦$63K
annual income needed
Income to Rent
📝$48K
annual income needed
Price-to-Income
⚖️3.5x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$1,171/mo
Est. mortgage (7%, 20% down)
Need $63K/yr income
Rent
$1,200/mo
Median rent
Need $48K/yr income
How Odessa Compares
| Metric | Odessa | Texas | National |
|---|---|---|---|
| Home Price | $220K | $297K | $410K |
| Rent | $1,200 | $1,413 | $1,500 |
| Income | $62K | $76K | $75K |
| Rent Burden | 26.0% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Odessa are 46% lower than the national average.
- • Rent is 20% lower than the national average.
- • You need an income of $63K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.