Total monthly cost of ownership
Cost to Own a Home in West Odessa, Texas
A $134,000 home here costs
$1,230per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $541 higher every month — 79% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
West Odessa against Ector County and Texas
| Measure | West Odessa | Ector County |
|---|---|---|
| Median home value | $134,100 | $190,500 |
| Median property tax | $1,498 | $2,438 |
| Effective tax rate | 1.117% | 1.280% |
| Median gross rent | $974 | $1,284 |
| Population | 31,985 | 163,206 |
The weather behind that power bill
West Odessa sits in Ector County, which averages a high of 95.3°F in its hottest month and a low of 31.7°F in its coldest, with 12.93" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 2,478 cooling and 2,512 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Ector County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ector County
Common questions
How much does it cost to own a home in West Odessa?
A $134,000 home in West Odessa, Texas costs approximately $1,230 per month with 20% down at 6.66%. That is $689 principal and interest, $125 property tax, $89 homeowners insurance, $216 utilities and $112 set aside for maintenance.
What is the property tax rate in West Odessa?
West Odessa has an effective property tax rate of 1.117%, based on a median home value of $134,100 and median real estate taxes of $1,498. That is lower than the Ector County average of 1.280%.
What is the average home price in West Odessa?
The median owner-occupied home value in West Odessa, Texas is $134,100, against $190,500 across Ector County.
Is it cheaper to rent or buy in West Odessa?
Median gross rent in West Odessa is $974 a month, against $1,230 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West Odessa — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Texas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.