Odessa Overview

The city of Odessa is located primarily in Ector County, of which it is the county seat , in the U.S. state of Texas. From its early settlements in 1881 the city has grown immensely and  has extended its role and established itself as a prominent medical, education, business and distribution center for West Texas. The economy of the city is mostly driven by the area's oil industry, new economic steps are currently being taken to ensure the city's existence after oil is no longer abundant in the area. Odessa is home to Permian High School, and Odessa High School the two are the only high schools in the Ector County Independent School District. Odessa is a great place to live offering numerous amenities to the residents which includes wonderful open spaces, great City Parks, golf courses and many more.

Odessa Real Estate

With a head count of about 95,163 and above individuals residing within the city, the city’s population density stands at around 2,582 people per square mile. The cities cost of living currently stands at around 24.30 percent which, but obviously is lower than the average cost of living in the city of US. The city is witnessing a constant population growth of 4.64 percent since the year 2000.

As per the recent studies conducted on the City of Odessa, the median home cost of the city currently stands at $120,800 with a home appreciation rate of 9.77 percent over the last year. The median age of real estate currently stands at a staggering 38 years. Almost 56.52 percent of homes are owned by individuals. Rent dwellers make up to almost 31.85 percent of the city. Around 11.28 percent of the houses and apartments in Odessa remain vacant and unoccupied.

How to rent or buy in Odessa

Any individual relocating to Odessa will have a choice of either buying a proper house or for that matter taking it on rent. The easiest and the best way being, hiring an experienced real estate agent who knows in and out of the city Odessa . It would save you from all the hassles of negotiations and at the same time ensure that you get the best deals at the best price with no trouble at all.

Search Odessa Real Estate