Market Overview
Home Prices in Odessa, NY
The median home value in Odessa, NY is $206,144 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Odessa are priced50% below average.
Over the past five years, Odessa home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Odessa Home Price Trend
2020
$131,951
$132K
—
2021
$157,808
$158K
+19.6%
2022
$177,200
$177K
+12.3%
2023
$182,182
$182K
+2.8%
2024
$191,377
$191K
+5.0%
2025
$194,713
$195K
+1.7%
2026
$206,144
$206K
+5.9%
City Comparison
Odessa vs. National Median
🏠 Odessa
$206,144
National Median
$410,000
At $206,144, homes in Odessa cost 50% below the national median of $410,000. This makes Odessa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Odessa?
20% Down Payment
$41,229
on $206,144
Monthly P&I
$1,075/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,365/mo
incl. taxes & insurance
Income Needed
$54,600
gross annual (30% rule)
10% Down Option
$20,614
+ PMI applies
Loan Amount (20% dn)
$164,915
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, NY?
The median home value in Odessa is $206,144 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Odessa?
Over the past year, home values in Odessa have increased by 5.9%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Odessa?
To comfortably afford the median home price of $206,144 with a 20% down payment ($41,229) at today's rates (6.8%), you'd need a gross annual income of approximately $54,600. 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 $206,144, homes in Odessa are 50% below the national average.