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City · 5,620 residents · Lafayette County, Missouri

Odessa , Missouri

In Odessa, a typical home is worth $238,200 and typical rent is $1,063 a month. Compared with all of Lafayette County, typical household income is 24% higher and typical rent is 15% higher.

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  • Typical home value

    $238,200

    10% above the county

    3% above Missouri

    • Odessa
    • Lafayette
    • Missouri

  • Typical rent

    $1,063a month

    15% above the county

    3% above Missouri

    • Odessa
    • Lafayette
    • Missouri

  • Typical household income

    $100,022a year

    24% above the county

    41% above Missouri

    • Odessa
    • Lafayette
    • Missouri

  • Households that own their home

    73%

    3 points below the county

    5 points above Missouri

    • Odessa
    • Lafayette
    • Missouri

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$262,499
7.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Odessa is in Lafayette County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lafayette County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Odessa apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Richmond, the typical home value is $142,600: 40% less than in Odessa ($238,200).

  2. Nearby, in Richmond, the typical rent is $722: 32% less than in Odessa ($1,063).

  3. Odessa has the 8th smallest share of rent-burdened renters of the 131 cities in Missouri with more than 5,000 people (28%).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Odessa rose 7.4%; in Missouri, it rose 3.4%.

  5. The typical household income in Odessa is $100,022, 24% more than in Lafayette County as a whole ($80,612).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Odessa

What homes there are in Odessa, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Odessa, 8 in 10 homes are single-family detached houses; in Lafayette County, 8.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,392 a month

Lafayette County: $1,371 a month

Without a mortgage

$688 a month

Lafayette County: $564 a month

Owners with a mortgage

62%

Lafayette County: 55%

In Odessa, 62% of owners have a mortgage; their typical cost is $1,392 a month, about the same as in Lafayette County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Odessa rose 73% since 2015–2019, more than in Lafayette County (51%).

Since 2015–2019, the typical rent in Odessa rose 47%, more than in Lafayette County (35%).

Income in Odessa grew faster than housing: it rose 90%, while home values changed +73% and rent +47%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureOdessaLafayette CountyMissouriUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.7%3.4%
People per household 2.502.582.402.53
Drive alone 87%79%75%69%
Carpool Unreliable estimate9%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home Unreliable estimate9%13%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Lafayette County, a household in Odessa has 2.50 people on average.

To get to work, 87% of workers in Odessa drive alone; in Lafayette County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Odessa?

A typical home is within reach of the typical income

We start with a typical home in Odessa, worth $238,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 23% of the typical household income in Odessa, which is $100,022 a year.

The calculator's FHA and conventional loan limits are those of all of Lafayette County.

Your numbers

Local data
$

Starts at the typical home value in Odessa. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,337 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,942

at 7.18% · 30 years

Loan amount
$233,886
Total interest
$336,507
Paid off in
November 2056

Includes $4,023 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,334 a month

    Your payment · 23%

  • Tight

    $2,334 to $3,001 a month

  • Hard

    more than $3,001 a month

Compared with the typical household income in Odessa ($100,022 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,942
Principal & interest$1,584
Property tax$153
Home insurance$99
FHA mortgage insurance (MIP)$105

You need at least $8,337 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Odessa and Lafayette County

Odessa is in Lafayette County, Missouri. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Odessa's own numbers

Typical home value
$238,200
Typical monthly rent
$1,063
Typical yearly household income
$100,022
Households that own their home
73%
Effective property tax rate
0.77%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lafayette County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,546
Price change over 5 years (FHFA)
+61%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lafayette County.

Everything about Lafayette County

Buying

Buying a home in Odessa

A typical home in Odessa is worth $238,200: 10% above the county and 3% above Missouri. With the typical household income in Odessa ($100,022 a year), a typical home costs 2.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Odessa 2.4 years
  • Lafayette 2.7 years
  • Missouri 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lafayette County

According to FHFA’s house price index, home prices in Lafayette County rose 106% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lafayette County.

Period County Missouri U.S.
Last year (2025) +7.0% +3.7% +2.9%
5 years (2020–2025) +61% +51% +47%
10 years (2015–2025) +106% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Odessa next to Lafayette County, Missouri and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Odessa $238,200
  • Lafayette $216,500
  • Missouri $230,300
  • United States $332,700
Typical monthly rent
  • Odessa $1,063
  • Lafayette $928
  • Missouri $1,033
  • United States $1,413
Typical yearly household income
  • Odessa $100,022
  • Lafayette $80,612
  • Missouri $70,702
  • United States $80,734
See the full table
Odessa next to Lafayette County and Missouri
Measure Odessa Lafayette County Missouri U.S.
Typical home value $238,200 $216,500 $230,300 $332,700
Typical monthly rent $1,063 $928 $1,033 $1,413
Typical yearly household income $100,022 $80,612 $70,702 $80,734
Households that own their home 73% 76% 68% 65%
Typical yearly property tax $1,844 $1,581 $1,948 $3,119
Effective property tax rate 0.77% 0.73% 0.85% 0.94%
Renters with high rent for their income 28% 40% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lafayette County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Odessa

For a typical $238,200 home in Odessa, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Odessa's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,942a month

    Least cash to close
    Down payment
    $8,337
    Cash to close
    $15,483
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $105

  • Conventional, 5% down $1,898a month

    Down payment
    $11,910
    Cash to close
    $19,056
    Rate
    7.18%
    Mortgage insurance
    PMI · $113

  • Conventional, 20% down, no PMI $1,543a month

    Down payment
    $47,640
    Cash to close
    $54,786
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,763a month

    Down payment
    $35,730
    Cash to close
    $42,876
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Odessa and for Lafayette County.

Property tax

Effective rate in Odessa

0.77%of the home’s value each year

$1,844 a year for the typical owner in Odessa.

  • Odessa 0.77%
  • Lafayette 0.73%
  • Missouri 0.85%

What Missouri publishes Deadline to appeal the assessment to the county board of equalization (Missouri Revisor of Statutes (Revised Statutes of Missouri))

Exemptions and deadlines in Missouri

Flood risk in Lafayette County

FEMA does not publish these numbers by city: they are for all of Lafayette County.

Homes in the high-risk zone
0.5%
81
Of those, with NFIP insurance
2.5%
County Missouri U.S.
Homes in the high-risk zone 0.5% 1.6% 3.5%
Of those, with NFIP insurance 2.5% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Odessa

Typical rent in Odessa is $1,063 a month: 15% above the county. In Odessa, 28% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lafayette County, by unit size. To pay the 2-bedroom one ($1,546 a month) without spending more than 30% of your income, you would need to earn $29.73 an hour working full time.

HUD fair market rent for all of Lafayette County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,257 $24.17 $50,280
1 bedroom $1,366 $26.27 $54,640
2 bedrooms $1,546 $29.73 $61,840
3 bedrooms $2,020 $38.85 $80,800
4 bedrooms $2,419 $46.52 $96,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Odessa

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Odessa is in ZIP code 64076.

For 2 bedrooms it is $1,250: $296 less than the fair market rent for Lafayette County ($1,546).

  • 64076 $1,250$1,640

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Odessa when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Odessa

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Lafayette County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Odessa

No down payment, repair or rent-help program on our list is for Odessa or Lafayette County. The ones below are statewide in Missouri: they work in Odessa the same as in the rest of the state.

Which programs do I qualify for? All programs in Missouri

  • First Place Loan Program

    Statewide in Missouri

    Missouri state commission mortgage for first-time buyers and veterans, with the option of cash assistance for the down payment and closing costs. Offered by Missouri Housing Development Commission (MHDC).

    Type not stated

    See the program Official page

  • Next Step Program

    Statewide in Missouri

    Missouri state commission mortgage for buyers who earn more than First Place allows, with a second loan of 4% of the mortgage for the down payment and closing costs that is forgiven after ten years. Offered by Missouri Housing Development Commission (MHDC).

    Forgivable

    See the program Official page

Housing counselors near Odessa

The HUD-approved agencies closest to the center of Odessa, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Services League

    404 N Noland Rd, Independence · 25 miles away

    • Budget and financial counseling
    • Fair housing pre-purchase workshops
    • and 4 more
    (816) 254-4100

  • Habitat for Humanity of Kansas City

    1423 E Linwood Blvd, Kansas City · 33 miles away

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 3 more
    (816) 924-1096

  • Credit & Homeownership Empowerment Services, Inc.

    3115 Gillham Plz, Kansas City · 33 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (816) 533-7417

All counseling agencies in Missouri

Help in Spanish near Odessa

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Odessa

In HUD’s record, no housing authority with an office in Lafayette County is named for Odessa or Lafayette County.

2 other authorities have an office in Lafayette County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Odessa, with the typical home value.

Everything about Lafayette County Housing in Missouri

Neighboring counties

If Lafayette County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Odessa.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Odessa

Short answers with the numbers for Odessa and all of Lafayette County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Odessa?

The typical home value in Odessa is $238,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lafayette County it is $216,500.

How much does it cost to rent in Odessa?

Typical rent in Odessa is $1,063 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lafayette County is $1,546.

What is the FHA loan limit in Odessa?

Odessa uses the FHA limit for all of Lafayette County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Odessa?

The typical homeowner in Odessa pays $1,844 a year, according to the U.S. Census Bureau. That is 0.77% of the home’s value; in Lafayette County, the rate is 0.73%.

Where can I find free help to buy or rent in Odessa?

We found no HUD-approved counseling agencies with an office in Lafayette County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).