Odessa Metro Area, TX Housing

The housing market in Odessa, TX Metro Area is on the rise, with an overall median value of $192,200. This number is significantly lower than the US House Median Value of $338,100, however it has experienced a much higher 1 year house appreciation rate of 16.22%, compared to the US average of 8.27%. This indicates that housing prices in Odessa are increasing rapidly and could be good news for prospective buyers and investors alike.

The median home cost in Odessa Metro Area is $192,200. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Odessa Metro Area is up 7.2%.

Average Age of Homes

- The median age of Odessa Metro Area real estate is 43 years old

The Rental Market in Odessa Metro Area

- Renters make up 31.8% of the Odessa Metro Area population
- 1.9% of houses and apartments in Odessa Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Odessa, Texas	United States
	64,563.0	139,647,020.0
	42	42
	$192,200	$338,100
	7.2%	16.6%
	34.1%	57.0%
	67.3%	101.1%
	$12.99	$10.98
	$2,014	$2,690
	59.9%	57.4%
	8.6%	11.2%
	31.6%	31.4%
Vacant Housing
	1.9%	1.9%
	0.4%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	0.2%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	5.8%	2.4%
	4.8%	2.8%
	6.9%	3.9%
	9.5%	4.5%
	16.5%	11.3%
	17.4%	13.0%
	20.0%	20.1%
	7.8%	13.6%
	3.3%	8.3%
	2.5%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	12.1%	13.6%
	13.9%	13.2%
	17.7%	14.8%
	12.1%	13.6%
	18.9%	10.0%
	3.6%	4.7%
	1.1%	12.2%

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