Odessa, TX

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Odessa short-term rental market based on reliable data.

Listings

210 / 510

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$27,589

Middle-Earners Revenue

Occupancy

74%

Middle-Earners Occupancy

Home Value

$254,691

Median Home Sale Price

Top Earners

$51,049

Top-Earners Revenue

Odessa

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Odessa.

Loading top listings...

C

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.

View Odessa Regulations →

Local STR Agent

STR specialist · Odessa, TX

Trusted Expert
Get Expert Help In Odessa
Free consultation Response within 24h

About Odessa

Odessa is a city in West Texas and the seat of Ector County, with a population of approximately 114,000 residents. It sits at the heart of the Permian Basin, one of the most productive oil- and gas-producing regions in the United States, and the local economy, culture, and even cuisine are deeply shaped by the energy industry. Odessa is best known for its role in "Friday Night Lights" football culture (the Permian High School Panthers are the real-life inspiration for the book and film) and as the home of the University of Texas Permian Basin. It shares a metropolitan area with its sister city Midland, about 20 miles to the east, and lies roughly 330 miles southeast of Albuquerque, New Mexico, and about 320 miles east of El Paso.

A marquee attraction in the city is the Permian Basin Petroleum Museum, which chronicles the geology, technology, and people of the oil patch through exhibits, a working drilling rig, and an outdoor geological walk. Just a few minutes' drive from downtown, the museum anchors the cultural side of the Permian Basin experience. Also on the UTPB campus is a full-scale Stonehenge replica, built by students and faculty as both an art project and an astronomy teaching tool, which has become one of the more photographed oddities in West Texas.

A short drive west, about 40 minutes from Odessa, Monahans Sandhills State Park offers a surprising change of scenery: roughly 3,800 acres of golden sand dunes where visitors can sled, hike, and even camp overnight. The park sits atop the world's second-largest white-sand dune field and is one of the most distinctive state-park landscapes in Texas. For travelers willing to venture further, Big Bend National Park lies roughly five hours to the south along the Rio Grande, where the Chihuahuan Desert, the river, and the Chisos Mountains combine to form one of the most remote and dramatic national parks in the lower 48. To the southwest, about three hours from Odessa near Fort Davis, the McDonald Observatory offers daytime solar viewing and evening star parties under some of the darkest skies in the continental United States.

Odessa works well as a base for short-term rentals because it pairs the conveniences of a mid-sized city, including hotels, restaurants, and the regional airport, with quick access to some of West Texas's most striking landscapes. Visitors in town for oil-field work, Permian football games, UT Permian Basin events, or simply passing through on a longer Texas road trip find that the city's central location in the Permian Basin makes it a practical hub for exploring sand dunes, dark-sky observatories, and the desert mountain country beyond.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc