Odessa, TX home prices
Typical home $252,406 · +3.8% in a year · income needed $75,100
The Odessa, TX metro area ranks 448 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.8% in a year and +14.5% over five years. With 20% down at 7.11%, the typical home costs about $1,751 a month including 1.27% property tax (Ector County rate).
Mortgage on the typical Odessa home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,481 | $201,925 | $1,358 | $0 | $393 | $1,751 | $75,100 |
| 10% down | $25,241 | $227,166 | $1,528 | $95 | $393 | $2,016 | $86,400 |
| 5% down | $12,620 | $239,786 | $1,613 | $100 | $393 | $2,106 | $90,200 |
| 3.5% down (FHA) | $8,834 | $247,835 | $1,667 | $112 | $393 | $2,172 | $93,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Odessa area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Ector County, TX | $252,414 | +3.8% | 1.27% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Odessa?
The typical home in the Odessa, TX metro area is worth $252,406 (Zillow, September 2026).
What salary do you need to buy a house in Odessa?
About $75,100 a year for the typical home with 20% down at 7.11%.