Zip 79762 (Odessa, TX) Housing

The median value of housing in Odessa, TX (79762) is $195,600 which is significantly lower than the US house median value of $338,100. The US one year house appreciation rate is 8.27%, whereas the one year house appreciation rate in Odessa, TX (79762) is only 4.71%. This suggests that the housing market in Odessa has been growing slower than other markets across the United States. Despite this, buying a home in Odessa may be a financially sound investment as it still offers a great deal of financial upside and stability over renting.

The median home cost in Odessa (zip 79762) is $195,600. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Odessa (zip 79762) is up 7.2%.

Average Age of Homes

- The median age of Odessa (zip 79762) real estate is 45 years old

The Rental Market in Odessa (zip 79762)

- Renters make up 38.9% of the Odessa (zip 79762) population
- 2.0% of houses and apartments in Odessa (zip 79762), 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
	16,841.0	139,647,020.0
	45	42
	$195,600	$338,100
	7.2%	16.6%
	34.1%	57.0%
	67.3%	101.1%
	$14.01	$10.98
	$2,553	$2,690
	51.8%	57.4%
	9.0%	11.2%
	39.2%	31.4%
Vacant Housing
	2.0%	1.9%
	1.1%	0.4%
	1.9%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	0.4%	2.4%
	2.6%	2.8%
	3.8%	3.9%
	5.5%	4.5%
	16.0%	11.3%
	26.7%	13.0%
	27.5%	20.1%
	9.4%	13.6%
	3.2%	8.3%
	2.0%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	5.9%	13.6%
	5.9%	13.6%
	13.9%	13.6%
	14.7%	13.2%
	20.8%	14.8%
	13.9%	13.6%
	25.2%	10.0%
	1.7%	4.7%
	0.2%	12.2%

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