The story of this market
The typical home in ZIP 79761 sells for about $189,000, or $163 per square foot.
Prices are up +14.5% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,315 a month.
ZIP 79761 — Odessa
The housing market in 79761 is currently characterized by a low volume of closed sales and a balanced inventory level. Prices remain stable, reflecting the broader economic trends of the Odessa energy-dependent market. Buyers are finding a moderate selection of homes, though activity remains cautious due to regional economic fluctuations.
This ZIP is well-suited for energy-sector workers and families seeking affordable housing options within the Odessa market, offering proximity to local employment centers.
Median prices moved up 14.5% year over year.
Homes spend a median of 51 days on market with 0.0 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 97.7% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 16.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 79761, Ector County TX
Schools in the area are part of the Ector County Independent School District, which serves the broader Odessa region.
The region is subject to standard West Texas climate risks, including high heat and occasional severe wind events.
The local economy is heavily anchored by the energy and oilfield services sector, which drives regional employment and infrastructure development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents primarily rely on personal vehicles for commuting, with major thoroughfares providing access to employment hubs throughout the Odessa-Midland metropolitan area.
The area features local parks and community facilities, with broader shopping and dining options concentrated along major commercial corridors in Odessa.
The rental market shows steady demand driven by the local workforce, with median rents reflecting the broader Odessa metropolitan cost of living.
The economy is dominated by the oil and gas industry, with significant employment in extraction, support services, and related logistics.
Transportation is primarily highway-based, with connectivity provided by regional routes linking Odessa to the Permian Basin.
Development is largely focused on infrastructure supporting the energy sector and residential expansion to accommodate the local workforce.
The Ector County Appraisal District manages property assessments for the area, adhering to state-mandated appraisal standards.
Parcels are subject to Ector County ISD taxes and various local utility and hospital district assessments.
Property insurance premiums in the region are influenced by exposure to severe weather events common to West Texas.
Data sourced from US Census Bureau ZCTA profiles and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Cinergy Odessa Featuring EPIC4.56.6 mi
- Cinergy Midland South Featuring EPIC4.514.5 mi
- Urban Air Trampoline and Adventure Park418.5 mi
- Urban Air Trampoline and Adventure Park4.23.2 mi
- Chuck E. Cheese3.617.1 mi
- Cinergy Odessa Featuring EPIC4.56.6 mi
- Cinergy Midland South Featuring EPIC4.514.5 mi
- Golden Corral Buffet & Grill43.3 mi
- Ector County Coliseum4.42.8 mi
- Midland County Horseshoe4.517.5 mi
- Cinergy Odessa Featuring EPIC4.56.6 mi
- Cinemark Century Odessa 124.23.6 mi
- McKinney Park4.51.9 mi
- Sherwood Park4.32.7 mi
- Stonehenge Replica4.63.3 mi
- Permian Basin Petroleum Museum4.818 mi
- Museum of the Southwest4.418.3 mi
- Ellen Noël Art Museum4.73 mi
- Odessa Meteor Crater4.19.7 mi
- Bush Family Home State Historic Site4.618.6 mi
- McKinney Park4.51.9 mi
- Sherwood Park4.32.7 mi
- Floyd Gwin Park4.32.1 mi
- Comanche Trail West Park4.62.4 mi
- Jim Parker Park4.61.5 mi
- Ratliff Ranch Golf Links4.24.9 mi
- Odessa Country Club4.65.3 mi
- Music City Mall4.13.1 mi
- Ross Dress for Less42.8 mi
- Marshalls4.14.2 mi
- dd's DISCOUNTS4.22.8 mi
- Burlington3.73.2 mi
- Midland International Air & Space Port4.210.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional venue for sports, concerts, and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.