Odessa is a moderately-sized city located in the state of Texas. The city has a population of 114,258 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (83% White). Given that fact, Odessa could be considered less diverse than other cities. Additionally, more than a quarter of the population of Odessa are of Hispanic or Latino origin, and 40% of the population also speak Spanish. With an average age of 31 years old, Odessa could be a great place to live for young adults as this age is well below the national average.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Odessa could be a positive experience compared to other cities in Texas if you know where to look. Finding the best places to live in Odessa and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, weather, education and other important metrics.
With a livability score of 72/100, Odessa is ranked #7,740 in the United States and #1,005 in Texas. If we dig a little deeper into each category within the livability score, we see that Odessa has higher than average grades for the following: amenities (A+), cost of living (B) and weather (B-). There are some categories that Odessa ranks poorly for, including: crime (F). It might be worth taking a closer look to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Odessa, there is no shortage of amazing local amenities and interesting things to do.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Odessa is real estate affordability. Median real estate prices in Odessa come in at $124,600, which is 12.7% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Odessa, the home price to income ratio is 2.1, which is 19.2% lower than the Texas average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Odessa area were 16.2% and 5 year appreciation rates were 3.7%.