Odessa, TX is a great place to buy a house. The median value of homes in the area is $193,600, significantly lower than the US median value of $338,100. Although the one year appreciation rate for US houses is 8.27%, Odessa's appreciation rate is at 4.71%, making it an affordable and attractive option for potential homeowners. With its low prices and steady growth rate, Odessa is a great choice for buyers looking to invest in housing.
The median home cost in Odessa is $193,600. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Odessa is up 7.2%.
Average Age of Homes
- The median age of Odessa real estate is 46 years old
The Rental Market in Odessa
- Renters make up 36.0% of the Odessa population
- 2.9% of houses and apartments in Odessa, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.