Cities with the fastest growing home prices in Odessa metro area

Written by:
June 27, 2023
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Odessa metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Odessa, TX metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 3 cities and towns with data available were included in the list.

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1 / 3
Stacker

#3. Odessa, TX

- 1-year price change: +$6,038 (+3.1%)
- 5-year price change: +$38,945 (+24.0%)
- Typical home value: $201,338 (#2 most expensive city in metro)
2 / 3
Stacker

#2. Goldsmith, TX

- 1-year price change: +$7,600 (+7.1%)
- 5-year price change: +$27,701 (+31.9%)
- Typical home value: $114,626 (#3 most expensive city in metro)
3 / 3
Stacker

#1. Gardendale, TX

- 1-year price change: +$7,809 (+2.5%)
- 5-year price change: +$45,266 (+16.4%)
- Typical home value: $320,888 (#1 most expensive city in metro)

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