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Terrace Hills Homes for Sale

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  • /14

    $250,000

    • 3 Beds
    • 2.5 Baths
    • 1,978 Sq Ft

    902 W 39th St, Odessa, TX 79764

    New Listing! Conveniently located near a variety of shops and schools, this spacious home offers 3 bedrooms, 2.5 bathrooms, and two generous living areas—perfect for a growing family. With plenty of room to spread out, this home blends comfort and convenience in a great location!

    Jeremy Narvaiz All City Real Estate Ltd. Co.

    902 W 39th St, Odessa, TX 79764
  • /18

    $169,000

    • 3 Beds
    • 2 Baths
    • 1,068 Sq Ft

    3207 Eastland Ave, Odessa, TX 79764

    Cute 3 bedroom, 2 bath home with a large fenced in backyard with a patio for entertaining. New roof, central AC is 6 yrs old, central heat is 3 yrs. Located in an established neighborhood, close to shopping, restaurants, and a dog park. Call your Realtor today!

    Michelle Ortega All City Real Estate Ltd. Co.

    3207 Eastland Ave, Odessa, TX 79764
  • /8

    $145,000

    • 2 Beds
    • 2 Baths
    • 1,158 Sq Ft

    950 W 31st St Unit 9, Odessa, TX 79764

    Charming 2 bed, 2 bath townhome in Odessa! This well-maintained property features an open layout, spacious bedrooms, and a private patio. Perfect for low-maintenance living or a great investment opportunity. Conveniently located near shopping, dining, and schools. Move-in ready!

    Armando Castillo Midessa Real Estate

    950 W 31st St Unit 9, Odessa, TX 79764
  • /22

    $139,900

    • 3 Beds
    • 1 Bath
    • 948 Sq Ft

    3103 Winfield Ave, Odessa, TX 79764

    Great Starter home located in Odessa! Lots of updating done. Call your favorite Agent to see it today!

    Amanda Vires Turnkey Realty, LLC

    3103 Winfield Ave, Odessa, TX 79764

Why Live in Terrace Hills

Terrace Hills in Odessa is a predominantly residential neighborhood characterized by mid-1900s ranch-style homes, typically situated on lots ranging from 6,000 to 8,000 square feet. Many properties feature driveways or garages, with additional street parking available. The area is bordered to the west by Slator Park, which includes a playground, picnic tables, and a basketball court, as well as the adjacent Central Bark dog park. The nearby Ector County Coliseum hosts events like the annual Permian Basin Fair & Expo, which features food vendors and entertainment. While Terrace Hills itself is mostly residential, dining options such as Dumplins Y Amigos and Curb Side Bistro are just a few blocks away on 42nd Street. For groceries, residents can visit United Supermarkets or Oriental Market. The neighborhood is about 3 miles from downtown Odessa and the Medical Center Hospital, with convenient access to major highways 385 and 338. Public transportation is available via the EZ-Rider bus system, although the area remains car-centric. The Midland International Air and Space Port Airport is located 14 miles east.

Frequently Asked Questions

Is Terrace Hills a good place to live?
Terrace Hills is a good place to live. Terrace Hills is considered car-dependent and somewhat bikeable. Terrace Hills has 2 parks for recreational activities. It is somewhat dense in population with 10.7 people per acre and a median age of 32. The average household income is $67,836 which is below the national average. College graduates make up 19.2% of residents. A majority of residents in Terrace Hills are home owners, with 40.4% of residents renting and 59.6% of residents owning their home. A local real estate agent serving Terrace Hills can help you decide if this neighborhood is the right one for you. Learn more on our Terrace Hills neighborhood guide.
How much do you need to make to afford a house in Terrace Hills?
The median home price in Terrace Hills is $369,000. If you put a 20% down payment of $73,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,910 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Terrace Hills. The average household income in Terrace Hills is $68K.
What are the best public schools in Terrace Hills?
The best public schools that serve Terrace Hills are:
What are the best private schools in Terrace Hills?
The best private schools that serve Terrace Hills are:
What are the most popular zip codes in Terrace Hills, Odessa, TX?
The most popular zip codes in Terrace Hills, Odessa, TX include 79764, 79763, 79761, 79762 and 79766.
What are the most popular neighborhoods near Terrace Hills, Odessa, TX?
The most popular neighborhoods near Terrace Hills, Odessa, TX are Cielo Vista, Terrace Hills, Judkins, Ridgecrest West and Park Place.

Home Trends in Terrace Hills, TX

Housing Trends

Median Sale Price
$526,997
Median Single Family Sale Price
$689,995
Median Townhouse Sale Price
$364,000
Median 2 Bedroom Sale Price
$255,000
Average Price Per Sq Ft
$404
Number of Homes for Sale
1
Last 12 months Home Sales
16
Months of Supply
0.80
Median List Price
$369,000
Median Change From 1st List Price
0%
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