In Odessa, a typical home is worth $223,100 and typical rent is $1,315 a month. Compared with all of Ector County, the typical home value is 11% higher.
Typical home value from Zillow, September 2021 to September 2026: from $218,011 to $250,381.
Typical rent
$1,586a month
= about the same as 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,178 to $1,586.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Odessa is in Ector 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 Ector County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in West Odessa, the typical home value is $126,300: 43% less than in Odessa ($223,100).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Odessa rose 3.9%; in Texas, it fell 1.4%.
3
Nearby, in Kermit, the typical rent is $1,071: 19% less than in Odessa ($1,315).
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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Odessa
Ector County
Texas
United States
Kind of home: Odessa and its comparisons
Measure
Odessa
Ector County
Texas
United States
Detached house
63%
58%
64%
61%
Attached house
3%
2%
3%
6%
Building of 2 to 4
5%
4%
5%
8%
Apartments (5 or more)
25%
17%
21%
19%
Mobile home
3%
17%
6%
6%
Boat, RV and other
Unreliable estimate
2%
0%
0%
In Odessa, 6 in 10 homes are single-family detached houses; in Ector County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or later
Odessa
Ector County
Texas
United States
Year built: Odessa and its comparisons
Measure
Odessa
Ector County
Texas
United States
Before 1960
27%
22%
12%
26%
1960–1979
24%
23%
21%
24%
1980–1999
19%
25%
28%
25%
2000–2009
9%
10%
18%
14%
2010 or later
21%
21%
21%
11%
Homes in Odessa are older: the typical year built is 1980; in Ector County, 1984.
Much as in Ector County, 61% of homes in Odessa have 3 bedrooms or more.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K16%
$100K–$200K25%
$200K–$300K33%
$300K–$500K21%
$500K–$750K3%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Odessa and its comparisons
Measure
Odessa
Under $100K
16%
$100K–$200K
25%
$200K–$300K
33%
$300K–$500K
21%
$500K–$750K
3%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
About 96% of owner-occupied homes in Odessa are worth less than the FHA loan limit for Ector County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5005%
$500–$99921%
$1,000–$1,49943%
$1,500–$1,99923%
HUD fair market rent, 2 bedrooms: $1,522
$2,000–$2,4994%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Odessa and its comparisons
Measure
Odessa
Under $500
5%
$500–$999
21%
$1,000–$1,499
43%
$1,500–$1,999
23%
$2,000–$2,499
4%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
About 69% of rented homes in Odessa cost less than HUD's 2-bedroom fair market rent for Ector County ($1,522).
With a mortgage
$1,924 a month
Ector County: $1,891 a month
Without a mortgage
$615 a month
Ector County: $545 a month
Owners with a mortgage
54%
Ector County: 47%
In Odessa, 54% of owners have a mortgage; their typical cost is $1,924 a month, about the same as in Ector County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Odessa+47%
Ector County+43%
Texas+65%
United States+53%
Typical rent
Odessa+21%
Ector County+19%
Texas+34%
United States+33%
Typical household income
Odessa+15%
Ector County+14%
Texas+27%
United States+29%
Change since 2015–2019: Odessa and its comparisons
Measure
Odessa
Ector County
Texas
United States
Typical home value
+47%
+43%
+65%
+53%
Typical rent
+21%
+19%
+34%
+33%
Typical household income
+15%
+14%
+27%
+29%
Since 2015–2019, homes in Odessa gained value faster than in Ector County: 47% against 43%.
Much as in Ector County, the typical rent in Odessa rose 21% since 2015–2019.
Housing prices ran ahead of income in Odessa: typical income rose 15%, against +47% for home values and +21% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Odessa and its comparisons
Measure
Odessa
Ector County
Texas
United States
Rental vacancy
5.3%
4.2%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
1.1%
0.9%
More than one person per room
6.3%
7.1%
4.8%
3.4%
People per household
2.43
2.52
2.69
2.53
Drive alone
84%
83%
71%
69%
Carpool
11%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
1%
1%
2%
3%
Work from home
3%
3%
14%
15%
Other means
1%
1%
2%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
In Odessa, the rental vacancy rate is 5.3%; in Ector County, 4.2%.
Much as in Ector County, 6.3% of households in Odessa have more than one person per room.
A household in Odessa has 2.43 people on average, about the same as in Ector County (2.52).
The car rules in Odessa: 84% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Odessa?
A typical home is tight for the typical income
We start with a typical home in Odessa, worth $223,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Odessa, which is $73,472 a year. For that payment to be 28% of income, a household would need to earn about $82,887 a year.
The calculator's FHA and conventional loan limits are those of all of Ector County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Odessa. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,809 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,934
at 7.18% · 30 years
Loan amount
$219,059
Total interest
$315,174
Paid off in
November 2056
Includes $3,768 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,714 a month
Tight
$1,714 to $2,204 a month
Your payment · 32%
Hard
more than $2,204 a month
Compared with the typical household income in Odessa ($73,472 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,484
Property tax
$258
Home insurance
$93
FHA mortgage insurance (MIP)
$99
You need at least $7,809 for the down payment, plus closing costs.
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.
Total monthly payment $1,934; principal and interest $1,484.
The city and its county
Odessa and Ector County
Odessa is in Ector County, Texas. 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
Map of Ector County, Texas, with Odessa marked. Around it, the neighboring counties.
Odessa
Ector County
Other cities with a page
Odessa's own numbers
Typical home value
$223,100
Typical monthly rent
$1,315
Typical yearly household income
$73,472
Households that own their home
60%
Effective property tax rate
1.39%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Ector County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,522
Price change over 5 years (FHFA)
+21%
Homes in a high flood-risk zone
10%
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 Ector County.
A typical home in Odessa is worth $223,100: 11% above the county and 21% below Texas. With the typical household income in Odessa ($73,472 a year), a typical home costs 3.0 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.
Odessa3.0 years
Ector2.8 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Ector County
According to FHFA’s house price index, home prices in Ector County rose 50% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Ector County.
Yearly change in FHFA’s price index in Ector County, 2016 to 2025
2016: −1.3% −1.3% 2016
2017: +1.0% +1.0% 2017
2018: +8.9% +8.9% 2018
2019: +10.9% +10.9% 2019
2020: +2.8% +2.8% 2020
2021: +1.0% +1.0% 2021
2022: +3.3% +3.3% 2022
2023: +4.1% +4.1% 2023
2024: +8.2% +8.2% 2024
2025: +3.1% +3.1% 2025
Change in FHFA’s price index in Ector County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+3.1%
+0.8%
+2.9%
5 years (2020–2025)
+21%
+44%
+47%
10 years (2015–2025)
+50%
+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 Ector County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Odessa$223,100
Ector$200,200
Texas$283,800
United States$332,700
Typical monthly rent
Odessa$1,315
Ector$1,259
Texas$1,403
United States$1,413
Typical yearly household income
Odessa$73,472
Ector$71,536
Texas$78,476
United States$80,734
See the full table
Odessa next to Ector County and Texas
Measure
Odessa
Ector County
Texas
U.S.
Typical home value
$223,100 ▲11% above the county
$200,200
$283,800
$332,700
Typical monthly rent
$1,315 ▲4% above the county
$1,259
$1,403
$1,413
Typical yearly household income
$73,472 ▲3% above the county
$71,536
$78,476
$80,734
Households that own their home
60% ▼5 points below the county
65%
63%
65%
Typical yearly property tax
$3,093 ▲22% above the county
$2,538
$4,232
$3,119
Effective property tax rate
1.39% ▲0.12 points above the county
1.27%
1.49%
0.94%
Renters with high rent for their income
56% ▲3 points above the county
52%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ector 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 $223,100 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$1,934a month
Least cash to close
Down payment
$7,809
Cash to close
$14,502
Rate
7.18%
Mortgage insurance
FHA MIP · $99
Conventional, 5% down$1,893a month
Down payment
$11,155
Cash to close
$17,848
Rate
7.18%
Mortgage insurance
PMI · $106
Conventional, 20% down, no PMI$1,560a month
Down payment
$44,620
Cash to close
$51,313
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,767a month
Down payment
$33,465
Cash to close
$40,158
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Odessa
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,934
$7,809
$219,059
7.18%
FHA MIP · $99
$14,502
580
Conventional, 5% down
$1,893
$11,155
$211,945
7.18%
PMI · $106
$17,848
620*
Conventional, 20% down, no PMI
$1,560
$44,620
$178,480
7.18%
None
$51,313
620*
ITIN, 15% down (example)
$1,767
$33,465
$189,635
8.18%
None
$40,158
Set by the lender
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.
Typical rent in Odessa is $1,315 a month: 4% above the county. In Odessa, 56% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Ector County, by unit size. To pay the 2-bedroom one ($1,522 a month) without spending more than 30% of your income, you would need to earn $29.27 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Ector County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,153
$22.17
$46,120
1 bedroom
$1,229
$23.63
$49,160
2 bedrooms
$1,522
$29.27
$60,880
3 bedrooms
$1,813
$34.87
$72,520
4 bedrooms
$2,083
$40.06
$83,320
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 has 4 ZIP codes with their own.
For 2 bedrooms it runs from $1,440 in 79763 to $1,800 in 79765.
2 of the 4 are above the fair market rent for Ector County ($1,522).
2-bedroom fair market rent in each of the 4 ZIP codes of Odessa, beside the one for Ector County. For 2 bedrooms it runs from $1,440 in 79763 to $1,800 in 79765. 2 of the 4 are above the fair market rent for Ector County ($1,522).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,522
Lowest: $1,440 (79763)Highest: $1,800 (79765)
Fair market rent by ZIP code, HUD area and size in Odessa, fiscal year 2027. A ZIP code that crosses a HUD area line appears once per area.
79761
Odessa, TX
$1,130
$1,190
$1,470
$1,750
$2,010
79762
Odessa, TX
$1,210
$1,290
$1,600
$1,910
$2,190
79763
Odessa, TX
$1,130
$1,150
$1,440
$1,730
$2,000
79765
Midland, TX
$1,360
$1,450
$1,800
$2,170
$2,450
ZIP code2 bd3 bd
79761 $1,470$1,750
79762 $1,600$1,910
79763 $1,440$1,730
79765 $1,800$2,170
3 of these ZIP codes cross 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 20 buildings with rents for lower incomes in Odessa. These are the largest.
Vera in Odessa491 TX-191 Frontage, Odessa 79765288 low-income homes · For older adults, people with disabilities, families, people experiencing homelessness
Cove in OdessaNeq of San Antonio ST. & Brownstone RD., Odessa 79765200 low-income homes · For older adults, people with disabilities, families, people experiencing homelessness
87th Street8640 Hunter Miller Way, Odessa 79765181 low-income homes · 1 bd: 27 · 2 bd: 78 · 3 bd: 76 · For older adults, people with disabilities, families, people experiencing homelessness
La Promesa Apts4590 N Texas Ave, Odessa 79762136 low-income homes · 2 bd: 58 · 3 bd: 78 · In service since 2012
Lapromesa901 W Monahans St, Odessa 79763136 low-income homes · For families(432) 367-4315
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.
There is 1 HUD-approved agency with an office in Ector County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Odessa or Ector County. The ones below are statewide in Texas: they work in Odessa the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Odessa or Ector County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Odessa and all of Ector 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 $223,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ector County it is $200,200.
How much does it cost to rent in Odessa?
Typical rent in Odessa is $1,315 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ector County is $1,522.
What is the FHA loan limit in Odessa?
Odessa uses the FHA limit for all of Ector 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 $3,093 a year, according to the U.S. Census Bureau. That is 1.39% of the home’s value; in Ector County, the rate is 1.27%.
Where can I find free help to buy or rent in Odessa?
There is 1 HUD-approved counseling agency with an office in Ector County. They can help you get ready to buy, with your credit, or with rent.
