Odessa, TX

Population: 110,720
Average annual home appreciation rate: 7.25%
Total of homes for sale in this market: 272
Median home price: $128,937
Median Rent: $927 per room
Home price range: 36.82% of homes are between $125,001 – $250,000
Median sales price: $13,550
Number of homes: 56
Median foreclosure sales price: $101,954
Foreclosure discount: N/A
Most common home type: 66.27% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.91%
Number of renters: 39.87%
Number of owner occupied: 60.13%
Number people living below poverty level: 15.09%
Unemployment rate: 3.70%
Is this area perfect for real estate deals going on right now? Odessa is one of the absolute best cities in the nation for home appreciation rate. Due to high rental rates, low overall home prices, and boasting one of the highest double digit appreciation rates in the US, it very will could be one of the nation’s great investment spots.

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