Odessa, TX
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Odessa short-term rental market based on reliable data.
Listings
165 / 449
Reliable / Active
Cap Rate
12%
Middle-Earners Gross Yield
Revenue
$28,478
Middle-Earners Revenue
Occupancy
74%
Middle-Earners Occupancy
Home Value
$240,255
Median Home Sale Price
Top Earners
$50,300
Top-Earners Revenue
Odessa
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Odessa.
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Challenging to Investors
Odessa Regulations
STRs are legally permitted only in multi‑family and commercial/downtown zones and are explicitly prohibited in single‑family districts, creating a limited footprint with a licensing process that requires a certificate of occupancy and compliance with multiple inspections and International Codes. While there are no explicit caps, the permitting burden, strict zoning, and currently low but uncertain enforcement raise compliance costs and legal risk for investors.
Local STR Agent
STR specialist · Odessa, TX
About Odessa
Odessa is a city in the U.S. state of Texas and the seat of Ector County with portions extending into Midland County.Odessa's population was 114,428 at the 2020 census, making it the 28th-most populous city in Texas; it is the principal city of the Odessa metropolitan statistical area, which includes all of Ector County. The metropolitan area is also a component of the larger Midland–Odessa combined statistical area, which had a 2020 census population of 359,001.The city is famous for being featured in the book Friday Night Lights: A Town, a Team, and a Dream, and the movie adaption, Friday Night Lights. In 1948, Odessa was also the home of First Lady Barbara Bush, and the onetime home of former Presidents George H. W. Bush and George W. Bush. Former President George H. W. Bush has been quoted as saying "At Odessa we became Texans and proud of it."