Compare Odessa, TX mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Odessa.
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August 2, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Odessa. Understand how much you need to earn to afford a home in Odessa, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Odessa fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Odessa is right for you.
The median home value for Odessa, TX (Ector County) is $182,501
Based on current mortgage rates and a 10% down payment, you need to make $38,073 per year to buy the median priced home in Odessa
With this income, you could qualify for a $164,251 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Odessa is $882
The median household income for Odessa, TX (Ector County) is $58,312
Based on this income, you can afford a home valued at approximately $279,519
The home price you can afford to buy based on household income in Odessa is 153% of the median home value which means housing prices are average. Odessa (Ector County) ranks 180 out of 254 counties in Texas and 1,793 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Odessa, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Odessa (Ector County) below.
Conforming loan limits for Odessa, TX
FHA loan limits for Odessa, TX