Odessa
Texas · Ranked #39 of 373 metros
91Affordable
💡
Housing in Odessa costs 2.95× the median income, below the national average of 4.5×. The median home price is $197K and median rent is $1,169/month. Odessa ranks #39 of 373 metros for affordability.
Median Home Price
🏠$197K
Need $58K income
Median Rent
🔑$1,169
Need $47K income
Building Permits
🔨1,004
annual
Median Income
💰$67K
Pop: 169,351
Rent Burden
⚠️16.1%
of renters paying >30%
Homeownership
🏡65.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Odessa | National |
|---|---|---|
| Price-to-Income Ratio | 2.95x | 6.1x |
| Rent Burden | 16.1% | 31.5% |
| Homeownership Rate | 65.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +26.3%Since 2000: +271.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,245/mo
1 Bedroom$1,269/mo
2 Bedroom$1,595/mo
3 Bedroom$1,912/mo
4 Bedroom$2,213/mo
Zillow Market Data
Home Value (ZHVI)
$251K
1yr: +5.0%5yr: +12.4%
Rent (ZORI)
$1,610/mo
1yr: +0.3%5yr: +33.7%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$115K
Active Inventory
422
Days on Market
72
Sold Above List
0.0%
Price Drops
27.3%