Safe Rate Local

Odessa

Learn about the people, housing, costs and businesses in Odessa

Median Home$198,847
Median Rent$1,245/month
Population164,654
Leading IndustriesManufacturing · Information & Media · Finance & Insurance13% manufacturing
Home Value Growth⬆⬆+13.8% over 2 years
Family-Friendly30% of residentstop 1% nationally
Homeowners65% of occupied units
Odessa

Frequently Asked Questions

What are today's mortgage rates in Odessa?

Mortgage rates for Odessa are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Odessa
What is the median home price in Odessa?

The median home value in Odessa is $199k. The median monthly rent is $1,245. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Odessa?

Home values in Odessa have increased 13.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Odessa?

Based on a typical all-in ownership cost of $1,164/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Odessa is $74k/year.

Calculate your buying power
What industries drive the economy in Odessa?

The largest employment sectors in Odessa are public administration (18%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.