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Odessa, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,606
Monthly Cash Flow
$12
Principal + Equity
$982
Annual Total Gain
$11,925
Cash on Cash
0.24%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$159
Occupancy Rate
63.33%
Monthly Revenue
$1,640
Monthly Cash Flow
-$200
Principal + Equity
$982
Annual Total Gain
$9,383
Cash on Cash %
-3.89%
Net ROI %
Market Health & Growth
Median Income
$73,030
Population
114,080
LTR Renter %
40.77%
Forecast (1 yr)
-2.5%
Appreciation (1 yr)
3.16%
Appreciation (5 yr)
6.52%
Appreciation (10 yr)
46.06%
Job Growth
1.59%
LTR Rentability
High
STR Demand
61
STR Rentals
310
Top Public Schools
AMidland Academy Charter School
A-Early College High School at Midland College
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Cities in America
#167out of 229 markets
Best Cities for Young Professionals in America
#198out of 229 markets
Cities with the Lowest Cost of Living in America
#26out of 229 markets
C
Public School
D
Crime And Safety
C
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Odessa, TX.
As of October 2021, Odessa, TX does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware that regulations can change quickly and it is always a good idea to stay informed about any potential changes in local ordinances.
Investors should also be aware of potential zoning restrictions that may impact their ability to operate a short term rental in certain areas of Odessa. It is important to research the specific zoning regulations for the property you are considering purchasing to ensure that it is allowed to be used as a short term rental.
Additionally, investors should be aware of any potential licensing or permitting requirements that may be necessary to operate a short term rental in Odessa. While there are currently no specific regulations in place, it is possible that the city could implement licensing requirements in the future.
Overall, investors should thoroughly research the current regulations and potential future changes in Odessa, TX before investing in a property for short term rental purposes. It is always a good idea to consult with a local real estate attorney or property management company to ensure compliance with any applicable regulations.
Market Trends Over Time
Explore 25 years of market data for Odessa, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Odessa, TX.
The LTR Genie Score of Odessa, TX is 56, indicating a moderate level of attractiveness for long-term rental investment. The STR Genie Score is 48, suggesting a slightly lower appeal for short-term rental investment. The LTR Rentability is high, which is a positive indicator for long-term rental investors. However, the 1-Year Price Appreciation Forecast of -2.5% may deter some investors. The LTR Net ROI of 19.36% is higher than the STR Net ROI of 15.24%, indicating that long-term rental investment may be more profitable in this market.
Odessa, TX is a city located in West Texas known for its oil industry and growing economy. The city has a diverse population and offers a range of amenities for residents, making it an attractive location for real estate investment.
In conclusion, Odessa, TX appears to be a more favorable market for long-term rental investment compared to short-term rental investment. With a high LTR Rentability and relatively high LTR Genie Score, investors may find success in the long-term rental market in this area. However, it is important to consider the 1-Year Price Appreciation Forecast and other factors before making a decision.
LTR Genie Score 93
$165,000
🛏 3 Beds🛁 2.0000 Baths🏙 2,086 sqft.🏠 SINGLE FAMILY
