The housing market in 79763 Odessa, TX is quite different from the national average. The median value of homes in Odessa is $153,200, much lower than the US median of $338,100. This lower median value means that homeowners here get more bang for their buck when it comes to buying a new home. However, the 1 year house appreciation rate is also much lower than the US rate at 4.71%, meaning that people who have invested in real estate here may not see as great of a return on their investment as people making similar investments around the country. Nevertheless, this could be seen as an opportunity for potential buyers to snatch up a good deal while prices remain low.
The median home cost in Odessa (zip 79763) is $153,200. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Odessa (zip 79763) is up 7.2%.
Average Age of Homes
- The median age of Odessa (zip 79763) real estate is 45 years old
The Rental Market in Odessa (zip 79763)
- Renters make up 30.2% of the Odessa (zip 79763) population
- 1.4% of houses and apartments in Odessa (zip 79763), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.