Market Overview
Home Prices in Odessa, FL
The median home value in Odessa, FL is $692,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Odessa are priced69% above average. Odessa is part of the Tampa-St. Petersburg-Clearwater, FL metro area.
Over the past five years, Odessa home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Odessa Home Price Trend
City Comparison
Odessa vs. National Median
At $692,594, homes in Odessa cost 69% above the national median of $410,000. Buyers in Odessa should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Odessa?
20% Down Payment
$138,519
on $692,594
Monthly P&I
$3,612/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,587/mo
incl. taxes & insurance
Income Needed
$183,480
gross annual (30% rule)
10% Down Option
$69,259
+ PMI applies
Loan Amount (20% dn)
$554,075
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Odessa, FL?
The median home value in Odessa is $692,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Odessa?
Over the past year, home values in Odessa have decreased by 1.3%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Odessa?
To comfortably afford the median home price of $692,594 with a 20% down payment ($138,519) at today's rates (6.8%), you'd need a gross annual income of approximately $183,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Odessa compare to the national average home price?
The national median home value is approximately $410,000. At $692,594, homes in Odessa are 69% above the national average.
What metro area is Odessa part of?
Odessa is part of the Tampa-St. Petersburg-Clearwater, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.