Real Estate Investing in Odessa, Texas (79761)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79761 (Odessa, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
What’s happening in Odessa, TX (79761)?
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Market Analysis: 79761 Odessa
The 79761 ZIP in Odessa, TX is a local-operator market. Outside capital chasing a $211K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $211K purchase price, 0.0% nominal cap — the work to hit that pro forma in 79761 is substantial and deserves full respect.
In the broader TX picture, 79761 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 79761 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 79761 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Odessa:
Property Strategy for 79761
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $241,491 | $1,870 | 5.6% | +3.2% | $80,497 |
| 4BR | $299,946 | $2,160 | 5.2% | +2.6% | $74,986 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79761 Compare?
| Metric | 79761 | Odessa | Odessa, TX | Texas |
|---|---|---|---|---|
| Home Value | $211,410 | $169,882 | N/A | $297,000 |
| 5-Year CAGR | 2.9% | 2.2% | N/A | 5.4% |
| Avg Rent | $1,154 | $1,498 | N/A | - |
| Cap Rate | 4.3% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79761 (Odessa, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,410 |
| Monthly Rent | $1,154 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | -11.0% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 79761
Population: 30,243
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 79761
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
Do rentals sit vacant long in Odessa, TX?
Occupancy in Odessa, TX runs consistent with elevated vacancy. Well-priced units at $1,154/mo lease on reasonable timelines.
What is the median home value in Odessa, TX?
Odessa, TX home values average about $211K. That price point suits investors targeting rentals with $1,154/mo in monthly income.
How much is rent in Odessa, TX?
Average rent in Odessa, TX is approximately $1,154/mo per month. Against $211K home values that yields a reasonable rent-to-price ratio.
How strict are landlord regulations in Odessa, TX?
For rental operators, Odessa, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Should investors consider Odessa, TX?
Yes - Odessa, TX a 3.0/5 investability score. With $211K home prices against $1,154/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 79761 now. You don’t know where it ranks.
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How 79761 ranks in Odessa, TX
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