Learn more about Odessa FL Homes for Sale. When you are shopping for some prime real estate, you consider various factors. These include whether the home you will purchase is ideal for a growing or established family, whether the crime rate is low, how many home owners are in the area and if you can live there in the long term. Odessa is one of those amazing places that will tick all the boxes on your list of requirements. Homes for sale in Odessa are affordable for middle class families, must of the real estate are ranges from the mid $200’s.
Odessa is a census designated place located in Pasco County, Florida, United States. It has grown so much from a population of 3,173 in 2000 to a population of 7,251 people in 2004. The growth rate has been marked at 128.67% since 2000, and it continues to increase. What this means is there are more homes being constructed, growing values are the norm, and your investment will be sound.
The housing market in Odessa, FL is at its peak at the moment. The median home value is $339,100. This means that most of the people living in Odessa are high income, as is evidenced by a work force that primarily features white collar jobs. Buying a home in Odessa now is a perfect idea because of the expected home appreciation rate in the future. The home appreciation rate over the past on year is 11.70%, and it is expected to go up as the years go by.
15.48% of the population in Odessa have rented homes and apartments. Most of the homes here are owner occupied. 15.72% of homes and apartments in the town are vacant. There are still about 2.04% of the available homes for sale and those that are available for renting are 1.18%. If you are interesting in high end homes, you will find those that will cost you up to $750,000 and $999,999.
Majority of the owner occupied homes cost between $200,000 and $299,999 and these constitute 26.52% of all the homes under this category. The long commutes should be a disadvantage, as it takes most people thirty minutes to get to work, however, the quality of housing and peaceful neighborhoods makes this worth it.
Homes in Odessa are also categorized as per their year of construction. Many people prefer newer homes these days because of the modern touch and the new features that can only be found in them. 51.8% of homes in Odessa are those that were constructed between 2000 and 2009.
Odessa, FL Home Buying Information
- First Time Home Buyers – Are you a first home time buyer in Odessa Florida? There are many new loan programs out there, if you have a little money there are programs out there for you! A new conventional loan program out that offer 3% down. Get more information about First Time Home Buyers Program in Odessa.
- VA Loan Programs for Veterans – This is an awesome program for Veterans, the VA guaranteed a loan to honorable discharged Veterans. First step is to go to the nearest Odessa Veteran Affair office to get a certificate. To see if you qualify for a VA home loan, fill out the form and receive a call from one of our preferred VA mortgage lenders.
- Holiday FL Foreclosure Properties – If you are investor or just interested in buying Odessa foreclosure homes for sale or Odessa real estate for sale at below market value? Use my search page Odessa Foreclosure homes to find out more.
Odessa, FL Cultural Makeup
Prepare yourself to live with people from different parts of the world once you decide to settle in Odessa. Only 88% of the population are white; the rest are people from other races in the world. There are different age groups here as well, with more than 39% of the population made up of people between the age of 35 and 54.
With the majority of the people in Odessa in the working age group, most households receive an income of between 75K and 100K, which makes this town a somehow stable place economically. Only 5% of the households here receive an income of 15k and less. Unemployment rate stands at 6.5% but job growth is expected to go up to 40% in the next ten years.
Odessa is basically a town that is doing pretty well, with all the benefits that residents look out for when they are buying a home. If you want to live in a place that is expected to grow in the near future, you will love it here. Besides, it is a very beautiful and upper class neighborhood with all manner of fun activities available for the residents.
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