The typical owner-occupied home in Odessa is worth about $348,400, about the same as the Delaware median of $352,000 and 5% above the national median of $332,700. Owners pay a median $2,122 a year in property taxes, about 0.61% of their home's value, higher than the Delaware rate of 0.50%. The median household earns $123,750 a year, so the median home costs 2.8 times the median income (4.1 times for Delaware). 78% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Odessa at a glance
| Odessa | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $348,400 | $352,000 | $332,700 |
| Median property tax paid per year | $2,122 | $1,768 | $3,119 |
| Property tax as a share of value | 0.61% | 0.50% | 0.94% |
| Median household income | $123,750 | $84,954 | $80,734 |
| Homes lived in by their owners | 78% | 73% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,925 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 20.0% | 21.0% |
| Median rent | – | $1,401 | $1,413 |
| Rent as a share of renters' income | 25.3% | 29.9% | 30.6% |
| Median year homes were built | 1941 | 1987 | 1980 |
| Vacant homes | 7.1% | 13.4% | 10.1% |
| Population | 409 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Odessa
At this week's average 30-year rate of 7.11%, buying the median Odessa home of $348,400 with 20% down costs about $2,197 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,778, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $94,167 for the 20%-down payment. That payment is 21% of the median Odessa household income of $123,750; at that income and 20% down, the 28% guideline points to a home of about $458,000.
| Down payment | $69,680 |
|---|---|
| Loan amount | $278,720 |
| Principal and interest | $1,875 |
| Property taxes (0.61% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,197 |
Change the numbers in the calculator
| Down payment | $12,194 |
|---|---|
| Loan amount | $342,090 |
| Principal and interest | $2,301 |
| Property taxes (0.61% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,778 |
Change the numbers in the calculator
Questions about home buying in Odessa
What is the median home value in Odessa?
About $348,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Odessa?
Homeowners pay a median $2,122 a year, which is about 0.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Odessa?
For the median home with 20% down at 7.11%, the payment is about $2,197 a month. Keeping that under 28% of gross income takes about $94,167 a year.
More about Odessa
- Mortgage Refinance in Odessa
- Debt Relief in Odessa
- Home Equity Loans in Odessa
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data