West Odessa, TX Multifamily Home for Sale

A suburb of Odessa, West Odessa sits at the heart of the Permian Basin, one of the world's largest oil and gas-producing regions. "Job opportunities in the energy industry attract new residents to West Odessa and drive much of the local economy," says Yvonne Rosas, a Realtor with eXp Realty. Major energy companies and construction firms make up around 30 percent of all jobs in the Odessa-Midland area, but renewable energy manufacturers are also finding a home here. West Odessa’s population has held steady since 2020, at around 32,000, despite the ups and downs of the local economy. "The area is also known for its resilience, weathering economic shifts tied to the energy sector over the years," Rosas says. "When jobs become scarce, locals organize fundraisers, food drives, and support networks to help families in need." The West Odessa median home price is $300,000, lower than the national and state median. Rosas notes that the housing market here has remained relatively affordable, but prices can fluctuate. “Home prices and rental demand tend to rise when the energy sector is booming, and slow down when the industry experiences downturns," she says. Housing options vary and