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Sarah Mitchell
Compass Real Estate · ZIP 79762
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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79762 ZIP Code Housing Market
$221,300median sale price
What is the 79762 housing market like right now?
The median home sale price in ZIP code 79762 is $221,300, down 20.8% year-over-year. Homes sell in an average of 71 days with 147 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 79762 ZIP code a buyer's or seller's market?
ZIP code 79762 is currently a buyer's market and homes selling in about 71 days. How we determine this →
What are the latest 79762 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $221,300 |
| Median list price | $275,000 |
| Year-over-year price change | -20.8% |
| Average days on market | 71 days |
| Active inventory | 147 listings |
| Sale-to-list price ratio | 68.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The 79762 zip code, located in Odessa, TX, is currently classified as a buyer's market. The median sale price stands at $221,300, representing a -20.8% change year over year. Homes in this area spend an average of 71 days on the market before going under contract. There are currently 147 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 79762 sits in the Odessa, TX area, roughly 3.2 miles from downtown Odessa. Because home prices are set street by street, this ZIP can move differently from Odessa's citywide averages. The figures below reflect 79762 specifically — drawn from Redfin transactions, U.S. Census data for its 39,927 residents, and Zillow value estimates.
Homes sold
1
Last 12 weeks
Days on market
71
Average pace
Active listings
147
Sale-to-list
68.1%
Below asking
What is driving the 79762 housing market?
The 79762 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 68.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 79762 have declined -20.8% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 79762 stands at $263,045, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,389 per month. This gives a price-to-rent ratio of approximately 15.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 79762?
Population
39,927
Median income
$75,272/yr
Median age
31.5 years
Owner-occupied
55.9%
College grads
22.1%
Avg commute
25.92 min
What is it like living in 79762?
Zip code 79762 is home to approximately 39,927 residents. The median household income is $75,272 per year, which shapes the types of homes and amenities available in the area. With a median age of 31.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 55.9% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 22.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 25.92 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 79762.
Which public schools serve ZIP 79762?
15 schools tracked · 11,461 students
The largest public schools serving ZIP code 79762 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PERMIAN H S
Grades 9-12 · 4,126 students
NIMITZ MIDDLE
Grades 6-8 · 1,312 students
WILSON & YOUNG MEDAL OF HONOR MIDDLE
Grades 6-8 · 1,193 students
THE STEM ACADEMY
Grades K-12 · 743 students
GOLIAD EL
Grades PK-5 · 616 students
HARMONY SCIENCE ACADEMY - ODESSA
Grades K-8 · 540 students
BLANTON EL
Grades PK-5 · 522 students
L B JOHNSON EL
Grades K-5 · 510 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 79762
What is the median home price in 79762?
The current median sale price in 79762 is $221,300, based on recent Redfin transaction data. Prices have changed -20.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 79762 a buyer's or seller's market?
The 79762 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 79762?
Zip code 79762 has a population of approximately 39,927 residents. The median household income is $75,272 per year. About 55.9% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 79762?
Properties Incorporated provides comprehensive data for 79762 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 79762 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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