Market Overview
Home Prices in Odessa, TX
The median home value in Odessa, TX is $253,500 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Odessa are priced38% below average. Odessa is part of the Odessa, TX metro area.
Over the past five years, Odessa home values have risen by approximately14.1%, reflecting steady appreciation in this market.
Price History
Odessa Home Price Trend
2020
$224,242
$224K
—
2021
$222,091
$222K
-1.0%
2022
$219,002
$219K
-1.4%
2023
$218,683
$219K
-0.1%
2024
$233,266
$233K
+6.7%
2025
$240,610
$241K
+3.1%
2026
$253,500
$254K
+5.4%
City Comparison
Odessa vs. National Median
🏠 Odessa
$253,500
National Median
$410,000
At $253,500, homes in Odessa cost 38% 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
$50,700
on $253,500
Monthly P&I
$1,322/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,679/mo
incl. taxes & insurance
Income Needed
$67,160
gross annual (30% rule)
10% Down Option
$25,350
+ PMI applies
Loan Amount (20% dn)
$202,800
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, TX?
The median home value in Odessa is $253,500 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Odessa?
Over the past year, home values in Odessa have increased by 5.4%. Over five years, prices have risen approximately 14.1%.
How much do I need to earn to buy a home in Odessa?
To comfortably afford the median home price of $253,500 with a 20% down payment ($50,700) at today's rates (6.8%), you'd need a gross annual income of approximately $67,160. 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 $253,500, homes in Odessa are 38% below the national average.
What metro area is Odessa part of?
Odessa is part of the Odessa, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.