Cost of living in Odessa, FL — Housing, Rent & Index

The median home value in Odessa, FL is $686,200 as of 2026-04. That places Odessa above the US average for housing cost, with a cost index of approximately 193 versus a national baseline of 100.

Over the past 12 months, the median home value in Odessa has moved sideways, and over the past five years it has averaged +7.1% annual growth. The current price sits -3.0% from its 5-year peak in 2024-05.

Renters pay a median of $1,995 per month in Odessa. Rents have changed -0.1% over the last year and averaged — per year over five years.

Beyond housing, day-to-day costs in Odessa are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.