Rent to own Homes in West Odessa, TX
As the name suggests, the unincorporated town of West Odessa is located just west of Odessa. West Odessa is technically not a village, town or city, but rather a census designated place that's home to roughly 22,700 people. The community's vibe and people have ensured the area's uniqueness and even West Odessa's wedge shape on a map is distinct. Covering over 62 square miles, West Odessa provides its folks space while still being within a short distance of all that Odessa and the urban region have to offer.
West Odessa, TX is a great place for affordable rent-to-own homes! With a median household income of over $62,438 and a median rent of $904, the West Odessa, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in West Odessa, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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West Odessa, TX is seeing rapid growth and West Odessa, TX's' housing market remains optimal with an average home price that is -53% below the 2024 national average. West Odessa, TX is part of Ector county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Ector is 1.41% which is above the national average, which is 0.99%.
Median Home Price in West Odessa, TX
Median Rent in West Odessa, TX
Top 4 Reasons to Live in West Odessa, TX
Enjoy wonderful food anytime! West Odessa is home to numerous tasty eateries that offer everything from tacos to sushi. For exceptional fried catfish, coleslaw and meat plates, head to Rose Bar-B-Q. For large burritos and fried rice within a casual environment, go to Polo's Mexican Food. For breakfast and a coffee, visit Quetzal Cafe. On top of all these establishments, West Odessa also has lots of familiar chains serving the area.
Benefit from reasonable housing prices! Property value per square foot in West Odessa is lower than the Odessa metro average. Additionally, the median rental price is roughly $690 and over 65 percent of rental units cost less than $750 per month. All of this means that residents of West Odessa get more space for their money, regardless of whether they plan to lease, find a rent to own deal or directly buy a pad. Affordable housing can be found all over town, so check all sorts of listings, from those in Odessa West Mobile Home Park to those around Kellus Turner Park.
Go out on the town! West Odessa has a thriving nightlife scene, as ample bars, pubs and clubs in town ensure that the fun is just beginning as night falls. Club Patron is the spot for cocktails and a night of dancing. Bar Back Patio is great for having a glass of wine while enjoying the weather. And Alfonso's Sports Bar is a good location to watch a football game.
Get a house with a yard! 43.5 percent of housing units in West Odessa are single family dwellings. Although that percentage isn't exactly high, consistent availability ensures that residents can get a pad with a yard if they want. This means you can have outdoor space for barbecue parties, tossing a baseball, gardening and more. What's even better is it's easy to find a house for sale near major thoroughfares such as West University Boulevard, Interstate 20 and State Route 302. Living near West University Boulevard is particularly convenient as you get easy access to eateries like Yoshi's Pizzeria, stores and other conveniences.