The story of this market
The typical home in ZIP 79766 sells for about $205,000, or $123 per square foot.
Prices are down 24.9% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,158 a month.
ZIP 79766 — Odessa
The housing market in 79766 is currently experiencing significant downward pressure on prices and sales volume, reflecting broader volatility in the Odessa market. High inventory levels relative to the current sales pace suggest a market that heavily favors buyers. These conditions are largely driven by the cyclical nature of the local energy-dependent economy.
This ZIP code is well-suited for families and energy-sector workers seeking suburban housing options with proximity to regional employment centers and essential services.
Median prices moved down 24.9% year over year.
Homes spend a median of 65 days on market with 0.0 months of supply — a balanced-paced market.
17% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 16.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79766, Ector County TX
The area is served by the Ector County Independent School District, which manages a broad range of elementary, middle, and high school facilities across the Odessa region.
The region faces standard West Texas climate risks, including potential for high winds and occasional severe weather events; property insurance premiums are influenced by regional hazard exposure.
The local economy is heavily anchored by the energy and oilfield services sectors, which drive 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 within the Odessa-Midland metropolitan area.
The area features access to local parks and community facilities typical of the Odessa suburban landscape, with shopping and dining options concentrated along major arterial roads.
The rental market is influenced by the cyclical nature of the energy industry, with vacancy rates and rent trajectories often tracking regional employment shifts.
The economy is dominated by the oil and gas industry, with significant employment in extraction, support services, and related logistics.
Transportation is primarily automobile-dependent, supported by a network of highways connecting the area to the broader Permian Basin.
Development activity is largely focused on residential expansion and infrastructure projects supporting the regional energy workforce.
The Ector County Appraisal District is responsible for the valuation of all taxable property within the county, following state-mandated assessment procedures.
Parcels are subject to taxation by Ector County, the City of Odessa, and the Ector County Independent School District.
Property insurance markets in the region are sensitive to weather-related risks, including wind and hail, which impact premium levels.
Data retrieved from census.gov ZCTA profiles.
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 EPIC4.516.5 mi
- Urban Air Trampoline and Adventure Park4.213.6 mi
- MCM Rink N' Roll Roller Skating Rink4.313.5 mi
- Rig-Claw4.913.1 mi
- Cinergy Odessa Featuring EPIC4.516.5 mi
- Golden Corral Buffet & Grill413.7 mi
- Ector County Coliseum4.412.5 mi
- La Hacienda Event Center4.118.6 mi
- Ratliff Stadium4.415.1 mi
- McKinney Park4.58.6 mi
- Diamond Lanes4.411.3 mi
- Sherwood Park4.312.8 mi
- Floyd Gwin Park4.39.7 mi
- Odessa Meteor Crater4.16.3 mi
- Ellen Noël Art Museum4.713 mi
- Odessa Meteor Crater4.16.3 mi
- Chris Kyle Memorial4.916.3 mi
- Midland Army Air Field Museum Hangar4.919.5 mi
- Heart & Dagger Tattoos4.811.4 mi
- McKinney Park4.58.6 mi
- Sherwood Park4.312.8 mi
- Floyd Gwin Park4.39.7 mi
- Comanche Trail West Park4.68.5 mi
- Jim Parker Park4.612 mi
- Melrose Family Fashions4.111.8 mi
- Dollar General4.112 mi
- Midland International Air & Space Port4.219.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local recreational space and community gathering areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.