Multi-family Foreclosures in Odessa, TX 79761

Current Market Conditions in Odessa, TX

The real estate market in Odessa has shown significant growth over the past year, driven largely by an influx of oil and gas jobs. Home prices have increased as demand outpaces supply, leading to a competitive market for buyers. Investors are showing increased interest in residential properties due to the city’s economic stability and job opportunities.

As of 2023, the housing market in Odessa continues to remain robust with a diverse range of homes available, from new construction to historic properties. The city is experiencing a resurgence, with new developments and renovations underway, adding to the appeal for potential homebuyers.

Rent Prices In Odessa, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Odessa, TX, is on a rollercoaster ride. The average rent price in Odessa, TX, is $1,452.00. Indeed, when looking to rent in Odessa, TX, you can expect to pay as little as $490.00 or as much as $2,820.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Odessa, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.