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RentData.org Logo Odessa Fair Market Rent FY 2008 Odessa, TX MSA Rental Data

Fair Market Rent Prices in Odessa, TX :
$492 $521 $683 $984 $1,143
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Odessa are high compared to the national average. This FMR area is more expensive than 86% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Odessa is $683 per month.

The previous year, rent for a two-bedroom home was $506 per month. This is a 34.98% increase year-over-year.

This FMR rate applies to Goldsmith, TX, Notrees, TX, Penwell, TX, Gardendale, TX, Midland, TX, Odessa, TX and other cities within the region. The Metro Code or CBSA code for this region is METRO36220M36220.

Additionally, This Fair Market Rent (FMR) area Odessa, TX MSA spans one county or city in Texas which is listed in the table below. Estimated population of Odessa, TX MSA FMR area is 121,123 people based on latest Census data.

Compared to the rest of Texas, the Odessa FMR area is more expensive than 94% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Odessa. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Odessa

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 508
1-BR 1-Bedroom $ 553
2-BR 2-Bedroom $ 730
3-BR 3-Bedroom $ 1042
4-BR 4-Bedroom $ 1128
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Odessa, TX MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Odessa - Midland.

County / Region Est. Population
Odessa, TX Metro 121,123
Zip Codes in Odessa, TX MSA

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

79707, 79741, 79758, 79759, 79760, 79761, 79762, 79763, 79764, 79765, 79768, 79769 and 79776

Lookup Fair Market Rent by Zip Code

What's Next?

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