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Odessa

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  1. Jome
  2. New homes search
  3. Texas
  4. Midland–Odessa & San Angelo Area
  5. Ector County
  6. Odessa
  7. Beach House

Housing market in Odessa, TX

  • State
    Texas
  • Neighborhoods
    0
  • Communities
    3
  • Single family
    66
  • Townhouses
    0
  • Multi family
    0
  • Condominiums
    0
  • Active builders
    1
  • Starting price
    $293,490
  • Median price
    $372,490
  • Price per square foot
    $181.97

Real estate price trends

Home price data reflects 0 listings in Odessa, TX, sourced from Jome and updated regularly

*Based on Jome markets

What it's like to live in Odessa?

The Local Vibe (Location & Identity)

Located in the Permian Basin, Odessa serves as a primary industrial and energy hub for West Texas. With a population of approximately 115,000, the city’s identity is deeply tied to the oil and gas sector, attracting a workforce of young professionals and industrial specialists. This Ector County seat maintains a standalone identity distinct from neighboring Midland, characterized by its employment-centered economy and a demographic that leans toward young, working-age households.

Living Here: Amenities & Lifestyle

Life in Odessa revolves around a mix of outdoor recreation and regional commerce. Residents often spend weekends at McKinney Park, which features a sprayground and walking trails, or attending high school football games at the massive Ratliff Stadium. Shopping is centered around Music City Mall, while the Ellen Noël Art Museum provides a cultural touchstone for the community. For entertainment, the Globe of the Great Southwest offers unique theatrical performances on the campus of Odessa College. Commuters benefit from easy access to Interstate 20 and Highway 385, making the 20-mile drive to Midland straightforward for those working across the metro area. The semi-arid climate means plenty of sunshine, though residents must prepare for the intense summer heat and occasional West Texas dust storms.

Schools & Family Appeal

Families are served by the Ector County Independent School District, which operates numerous campuses including the widely attended Odessa High and Permian High. The city also hosts the University of Texas Permian Basin, providing higher education opportunities and community resources like the Stonehenge replica. These institutions, combined with local libraries and youth sports leagues, make the area a practical choice for households looking for established community infrastructure.

Why New Construction Makes Sense Here

Much of the existing housing stock in Ector County dates back several decades, often lacking the modern insulation required for the intense West Texas climate. Investing in new construction in Odessa can lead to significant long-term savings, with modern energy-efficient builds potentially reducing monthly utility costs by $150-250 compared to 1970s or 1980s-era homes. Many new home communities in Odessa also offer builder-funded interest rate buy-downs, which can lower monthly mortgage payments more effectively than negotiating on an older property. These financial advantages, combined with the reduced maintenance of a fresh build, provide a predictable cost of ownership in a market known for its economic fluctuations.