Why Live in Ponderosa Estates
Ponderosa Estates in Odessa features spacious homes, typically around 3,000 square feet, on lots ranging from half an acre to 3 acres. The neighborhood predominantly consists of ranch-style and contemporary homes, many with multicar garages. The area has a very low crime risk compared to the national average. Nearby parks include Memorial Garden Park, with a 1.3-mile trail, and the University of Texas Permian Basin's parks and playgrounds. Golf enthusiasts can visit Ratliff Ranch Golf Links, 4 miles away, or the exclusive Odessa Country Club, 3 miles away. Dining options along Texas State Highway 191 include Walk-On’s Sports Bistreaux, Red Oak Kitchen, and Saltgrass Steakhouse. For shopping, the Music City Mall, Walmart Supercenter, and H-E-B are all within a short drive. The City of Odessa hosts events like the 4th of July Fandango and the holiday Starbright Village. Ponderosa Estates is conveniently located near TX-338 Loop, providing access to Interstate 20, downtown Odessa (8 miles), Midland (17 miles), and Midland International Air & Space Port (8 miles). The nearest hospital, Odessa Regional Medical Center, is also 8 miles away. The Compass Academy Charter School, serving K-12, is located just outside the neighborhood and has a high rating.
Frequently Asked Questions
Is Ponderosa Estates a good place to live?
Ponderosa Estates is a good place to live. Ponderosa Estates is considered very car-dependent and somewhat bikeable. Ponderosa Estates has 2 parks for recreational activities. It is sparse in population with 1.5 people per acre and a median age of 32. The average household income is $130,066 which is above the national average. College graduates make up 23.8% of residents. A majority of residents in Ponderosa Estates are home owners, with 14.8% of residents renting and 85.2% of residents owning their home. A
local real estate agent serving Ponderosa Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Ponderosa Estates neighborhood guide.
How much do you need to make to afford a house in Ponderosa Estates?
The median home price in Ponderosa Estates is $650,000. If you put a 20% down payment of $130,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $3,240 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $139K a year to afford the median home price in Ponderosa Estates. The average household income in Ponderosa Estates is $130K.
What are the best public schools in Ponderosa Estates?
The best public schools that serve Ponderosa Estates are:
What are the most popular zip codes in Ponderosa Estates, Odessa, TX?
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Home Trends in Ponderosa Estates, TX
On average, homes in Ponderosa Estates, Odessa sell after 112 days on the market compared to the national average of 52 days. The median sale price for homes in Ponderosa Estates, Odessa over the last 12 months is $625,000.
Median Sale Price
$625,000
Median Single Family Sale Price
$650,000
Average Price Per Sq Ft
$210
Number of Homes for Sale
1
Last 12 months Home Sales
3
Median List Price
$650,000
Median Change From 1st List Price
0%