Odessa, Texas is a medium-sized city with a population of 114,258 people. If we look at the most recent Census, Odessa is known to have a predominantly White population. The next two most common races are Black and Asian. Additionally, more than a quarter of the population of Odessa are of Hispanic or Latino origin, and 40% of the population also speak Spanish. The median age of all Odessa residents is 31, which is well below the national average. This is a good indication that this city could be ideal for young singles.
Are you trying to ascertain if living in Odessa is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Using the livability score which includes data from categories like amenities, crime, education, employment, housing, you can easily compare the best places to live in Odessa and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Odessa to Texas and the national average.
With a livability score of 72 out of 100, Odessa is ranked #7,740 in the United States and #1,005 in Texas. There are seven total categories that form the livability score. Odessa ranks well for amenities (A+), cost of living (B) and weather (B-). There is at least one category that did not score well in Odessa. The following was graded with a disappointing score: crime (F).
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Odessa. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Odessa are affordable. The median home price for Odessa homes is $124,600, which is 12.7% lower than the Texas average. If we take a closer look at the affordability of homes in Odessa, we’ll see that the home price to income ratio is 2.1, which is 19.2% lower than the Texas average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Odessa will offer some insight into determining if your home purchase will be a solid investment for years to come. In Odessa, the year-over-year appreciation rates were 16.2%, and the 5 year appreciation rates came in at 3.7%.