Real Estate Investing in Odessa, Texas (79764)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79764 (Odessa, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Odessa, TX (79764)?
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Market Analysis: 79764 Odessa
The 79764 ZIP in Odessa, TX is a local-operator market. Outside capital chasing a $227K entry has to pair deep knowledge with the discount.
For an experienced owner, 79764 can be a a viable market for hunting ground — but the discount at $227K reflects genuine risk that outside investors often underestimate.
ZIP 79764's metrics run below Ector County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Put differently, 26,805 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 79764 is an operator game, not a passive one. On the rental side, entry prices of $227K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Odessa:
Market Trends
Home Value History (with trend line)
📊 How Does 79764 Compare?
| Metric | 79764 | Odessa | Odessa, TX | Texas |
|---|---|---|---|---|
| Home Value | $226,675 | $169,882 | N/A | $297,000 |
| 5-Year CAGR | 1.9% | 2.2% | N/A | 5.4% |
| Avg Rent | $1,359 | $1,498 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79764 (Odessa, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,675 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79764
Population: 26,805
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79764
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,112 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Odessa, TX?
Typical homes in Odessa, TX go for around $227K. The 5-year CAGR of 0.0% predictable price movement.
Does Odessa, TX favor landlords or tenants?
TX ranks as a landlord-friendly state for landlord-tenant law. Odessa generally follows the statewide framework, so landlords face reasonable operating rules.
Are renters plentiful in Odessa, TX?
The renter base in Odessa, TX is reasonable for the $1,359/mo price point. Screening well and pricing to market typically yields stable tenants.
How do experienced investors play Odessa, TX?
Most investors in Odessa, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the average monthly rent in Odessa, TX?
Average rent in Odessa, TX is approximately $1,359/mo per month. Against $227K home values that yields a reasonable rent-to-price ratio.
You know 79764 now. You don’t know where it ranks.
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How 79764 ranks in Odessa, TX
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