Odessa, TX housing market
The typical Odessa home is worth about $252,000, up 4.4% in a year, 16% below the Texas typical home.
Home values, sales, trends and how Odessa compares with the towns next door — updated as new data is published.
Odessa at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Odessa | Texas |
|---|---|---|
| 2017 | $161,000 | $190,000 |
| 2018 | $165,000 | $202,000 |
| 2019 | $186,000 | $214,000 |
| 2020 | $219,000 | $223,000 |
| 2021 | $223,000 | $242,000 |
| 2022 | $219,000 | $286,000 |
| 2023 | $215,000 | $313,000 |
| 2024 | $223,000 | $311,000 |
| 2025 | $238,000 | $311,000 |
| 2026 | $249,000 | $303,000 |
| August 2026 | $252,000 | $299,000 |
921 new homes permitted in 2025
Builders were permitted 921 new homes in Odessa in 2025, all single-family houses, worth about $228.2 million to build. That's 8 per 1,000 residents, about the pace of Texas as a whole. Over the past 10 years, Odessa has permitted 9,559 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Odessa gained 14,488 residents while 8,377 new homes were permitted: about 1.7 new residents per new home. Building and growth moved roughly in step. Across Texas: 2.6 new residents per new home.
How Odessa ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 833 | 833 | 0 | $184.8 million |
| 2025 | 921 | 921 | 0 | $228.2 million |
| 2024 | 1,004 | 1,004 | 0 | $226.8 million |
| 2023 | 690 | 690 | 0 | $197 million |
| 2022 | 888 | 888 | 0 | $227.5 million |
| 2021 | 1,406 | 1,373 | 33 | $330.8 million |
| 2020 | 1,188 | 898 | 290 | $245.1 million |
| 2019 | 1,782 | 743 | 1,039 | $297.2 million |
| 2018 | 740 | 716 | 24 | $145 million |
| 2017 | 492 | 492 | 0 | $92.7 million |
| 2016 | 448 | 448 | 0 | $85.7 million |
| 2015 | 612 | 468 | 144 | $111 million |
| 2014 | 556 | 430 | 126 | $108.5 million |
| 2013 | 1,290 | 718 | 572 | $184 million |
| 2012 | 1,009 | 581 | 428 | $143 million |
| 2011 | 740 | 336 | 404 | $90.4 million |
| 2010 | 708 | 268 | 440 | $79.2 million |
| 2009 | 220 | 220 | 0 | $32.9 million |
| 2008 | 716 | 254 | 462 | $84.3 million |
| 2007 | 439 | 215 | 224 | $62.5 million |
| 2006 | 261 | 261 | 0 | $45.9 million |
| 2005 | 255 | 149 | 106 | $33.2 million |
| 2004 | 194 | 194 | 0 | $30.3 million |
| 2003 | 173 | 173 | 0 | $25.9 million |
| 2002 | 200 | 128 | 72 | $25.9 million |
| 2001 | 101 | 99 | 2 | $15 million |
| 2000 | 238 | 104 | 134 | $20.6 million |
How Odessa ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Odessa and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Odessa | $252K | +4.4% | $1,680 | 921 | $73,472 |
| West Odessa | — | +4.9%† | $1,510 | — | $65,234 |
† FHFA price index change, where Zillow has no home value for the town.
3.4 years of income
The typical Odessa home costs about 3.4 years of the town's median household income, less than across Texas (3.8 years).
How Odessa ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,680
HUD's Fair Market Rent for a two-bedroom in Odessa is $1,680 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Odessa pay a median of $1,315, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,320 · 4 bedrooms $2,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (79761, 79762, 79763, 79764, 79765, 79766; Odessa, TX MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.