Why Live in Odessa
Friday night football at Permian High School's Ratliff Stadium stands as a cornerstone of Odessa's community spirit. The Wagner Noël Performing Arts Center hosts diverse musical acts and classical concerts between Odessa and Midland. Residents enjoy exploring the Ellen Noël Art Museum's rotating exhibits, catching Shakespeare performances at the Globe of the Great Southwest, and visiting the unique Odessa Meteor Crater. The Music City Mall features two indoor playgrounds, a video arcade, a Venetian carousel, and a roller coaster simulator. Local dining highlights include mesquite-grilled steaks at The Legendary Barn Door, wood-fired pizzas at Cork & Pig Tavern, and contemporary American cuisine at Red Oak Kitchen.
The housing market in Odessa includes approximately 400 homes for sale, ranging from $119,000 to $935,000. The median sale price for single family homes is $295,000, while townhomes have a median price of $198,500. Country Club Estates commands the highest median single family home prices at $625,000, followed by North Country Club Estates at $405,000. More affordable neighborhoods include Beverly Heights with a median single family home price of $99,900 and Bellaire Heights at $224,000.
Odessa's cost of living sits 6.9% below the national average. A family with school-age children needs approximately $99,000 annually to live comfortably, while renters should aim for $53,000. The property tax rate in Ector County is 1.28%, slightly higher than neighboring Midland County at 1.26%. Texas charges no state income tax, and the combined sales tax rate is 8.20%. Top-rated public schools include Reagan Elementary School and Odessa Collegiate Academy Early College High School, both rated A minus by Niche. The University of Texas of the Permian Basin provides higher education opportunities within the city.
Home Trends in Odessa, TX
On average, homes in Odessa, TX sell after 46 days on the market compared to the national average of 50 days. The median sale price for homes in Odessa, TX over the last 12 months is $281,476, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$281,476
Median Single Family Sale Price
$295,000
Median Townhouse Sale Price
$198,500
Average Price Per Sq Ft
$158
Number of Homes for Sale
396
Last 12 months Home Sales
1,796
Median List Price
$299,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
4%