Metro area index
Home appreciation in the Odessa, TX metro area
FHFA HPI® data shows the Odessa, TX metro area's all-transactions index changed +0.1% over the year to Q2 2026, versus +1.6% for Texas and +3.0% for the U.S. That ranks 361st of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +0.1%
- 5-year change
- +24.8%
- Since Q1 1995
- +300%
- Metro rank (1 year)
- 361st
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Odessa, TX vs Texas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Odessa, TX: 400.5
- Texas: 409.6
- United States: 391.6
Appreciation by time window
| Window | Metro | TX | U.S. | Gap vs TX | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.1% | +1.6% | +3.0% | −1.5 pts | −3.0 pts |
| 3 years | +15.3% | +6.2% | +12.9% | +9.1 pts | +2.4 pts |
| 5 years | +24.8% | +34.4% | +41.3% | −9.6 pts | −16.5 pts |
| 10 years | +53.8% | +87.1% | +93.3% | −33.3 pts | −39.5 pts |
| Since Q1 1995 | +300% | +310% | +292% | −9.2 pts | +8.9 pts |
3-digit ZIP regions in the Odessa, TX area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 797 · Midland, TX area | TX | +3.4% | +27.0% | +361% | 36% |
Boom, bust, and recovery in Odessa, TX area
Odessa, TX area's index peaked in Q2 2009, fell 5.8% to its low in Q2 2010, and regained its peak in Q2 2012, about 3 years after the top. Today it sits +90.1% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2009 | Q2 2010 | -5.8% | Q2 2012 (3 yrs) | +90.1% |
| TX | Q1 2009 | Q2 2011 | -4.2% | Q2 2013 (4.2 yrs) | +134% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Odessa, TX area's index has changed +80.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | TX after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -3.7% | -2.2% | -0.8% |
| 3 years | +9.8% | +5.0% | -3.3% | +2.8% |
| 5 years | +24.0% | +0.6% | +8.3% | +13.9% |
| 10 years | +39.1% | +10.6% | +34.5% | +39.0% |
| Since Q1 1995 | +121% | +80.9% | +85.0% | +76.8% |
If you bought in the Odessa, TX area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +295% | $1,185,494 |
| Q2 2000 | +272% | $1,116,006 |
| Q2 2005 | +197% | $891,364 |
| Q2 2010 | +102% | $605,504 |
| Q2 2015 | +55.1% | $465,254 |
| Q2 2020 | +25.4% | $376,243 |
| Q2 2021 | +24.8% | $374,273 |
| Q2 2023 | +15.3% | $345,830 |
| Q2 2025 | +0.1% | $300,180 |
Frequently asked questions
- How much have home prices risen in the Odessa, TX area?
- FHFA HPI® data for the Odessa, TX metro area shows changes of +0.1% over one year, +24.8% over five years, and +53.8% over ten years to Q2 2026, and +300% since Q1 1995.
- Is the Odessa, TX area beating the national average?
- Over the past year the metro's index moved −3.0 pts versus the U.S.; over five years the gap is −16.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.