Housing Report for Odessa
The residential home values in Odessa, Texas have seen declines from the housing values in 2000. The residential values have descreaed by $-6,000, or -10.2 percent, from their 2000 median values of $59,100.
Looking across the State of Texas, Odessa ranks 25 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 345 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.
Odessa recorded a median home value in 2005 of $53,100, according to the American Community Survey. This is less than the State of Texas 2005 median owner-occupied dwelling value of $106,000 and less than home value of $167,500 for the United States in the same year.
There is a large amount affordable residential real estate in Odessa, Texas. In 2005, 91.1 percent of owner-occupied dwellings were valued under $125k.
In Odessa, the U.S. Census Bureau, Population Division accounted for a total of 50,721 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding all together 659 housing units since the year 2001, or 1.3 percent.
Odessa is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 0.1 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
Looking across the State of Texas, Odessa ranks 25 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 345 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.
Odessa recorded a median home value in 2005 of $53,100, according to the American Community Survey. This is less than the State of Texas 2005 median owner-occupied dwelling value of $106,000 and less than home value of $167,500 for the United States in the same year.
There is a large amount affordable residential real estate in Odessa, Texas. In 2005, 91.1 percent of owner-occupied dwellings were valued under $125k.
In Odessa, the U.S. Census Bureau, Population Division accounted for a total of 50,721 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding all together 659 housing units since the year 2001, or 1.3 percent.
Odessa is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 0.1 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
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