Odessa housing market
Typical home value
$252K
▲ 3.8% 1 yr
Typical rent
$1,580/mo
▲ 0.5% 1 yr
12-month forecast
−0.4%
#486 of 546 metros
Gross rent yield
7.5%
#78 of 546 · U.S. 6.3%
Listings with a price cut
30%
▲ +2.2 pts 1 yr
Key takeaways
- 1The typical home is worth $252,406, up 3.8% in a year and up 14% over five years.
- 2Zillow forecasts home values falling 0.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,580/mo (+0.5% YoY), a 7.5% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,387/mo in principal and interest, $193 less than renting.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 43/100, #234 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Odessa compares
| Measure | Odessa | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.8% | +1.2% | #134 |
| Home value, 5-yr change | +14.5% | +19.7% | |
| 12-month forecast | −0.4% | +1.1% | #486 |
| Rent, 1-yr change | +0.5% | +2.7% | #506 |
| Gross rent yield | 7.5% | 6.3% | #78 |
| Price-to-rent ratio | 13.3 | 15.8 | |
| Mortgage P&I on typical home | $1,387 | $2,012 | |
| Income needed to buy | $73,131 | $100,902 |
Cities in the Odessa metro
1 cities with home value and rent data.
| Odessa | $250K | ▲ 3.9% | $1,586 | ▼ 0.1% | 7.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Odessa rental ($252K, $1,580/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Odessa home.
Rent vs buy
Is it cheaper to rent or buy in Odessa?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
Dallas, TX
$358K home$1,659 rent5.6% yield
▼ 2.0% 1 yr
Houston, TX
$303K home$1,638 rent6.5% yield
▼ 1.8% 1 yr
San Antonio, TX
$274K home$1,415 rent6.2% yield
▼ 1.9% 1 yr
Austin, TX
$414K home$1,603 rent4.6% yield
▼ 4.3% 1 yr
McAllen, TX
$189K home$1,119 rent7.1% yield
▼ 0.4% 1 yr
El Paso, TX
$233K home$1,521 rent7.8% yield
▲ 2.5% 1 yr
Killeen, TX
$248K home$1,308 rent6.3% yield
▼ 1.5% 1 yr
Corpus Christi, TX
$222K home$1,425 rent7.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.