Odessa, FL
Population 8,170 · Florida
About Odessa, FL
Odessa is a small town located in Florida with a population of 8,170 residents according to the latest US Census Bureau American Community Survey data. The median household income is $116,870 per year, which is 56% above the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Odessa features a median home value of $503,400, which is 106% above the national median of $244,900. This places Odessa in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,620, 39% above the national average of $1,163/month. Of the 3,044 total housing units, 72% are owner-occupied (2,045 units) and 28% are renter-occupied (801 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Odessa shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Odessa have an average one-way commute time of 33.1 minutes.
Education & Demographics
50.4% of Odessa residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.2% White, 3.3% Hispanic or Latino, 4.0% Black or African American, and 15.1% Asian residents, with 14.6% of the population being foreign-born.
Cost of Living in Odessa, FL
Compared to national averages, Odessa has a median household income of $116,870 (56% above the national median of $75,149). Home values average $503,400, which is 106% above the national median. Monthly rent at $1,620 is 39% above the US average of $1,163. Within Florida, Odessa's income is 54% above the state average of $75,893, and home values are 42% above the state median of $353,675.
Why Live in Odessa, FL?
Odessa offers a strong local economy with a median household income of $116,870, well above the national average, and a well-educated community where 50.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $503,400. However, Odessa’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Odessa has a population of 8,170 with a median age of 39.2 years. Compare Odessa with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Odessa
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Springfield | 8,157 | $51,640 | $177,500 | Compare |
| McGregor | 8,198 | $88,578 | $413,000 | Compare |
| Lely Resort | 8,296 | $100,163 | $599,000 | Compare |
| Gulf Gate | 8,317 | $64,724 | $344,500 | Compare |
| North Bay Village | 8,004 | $80,761 | $448,000 | Compare |
| Westgate | 8,369 | $50,441 | $242,600 | Compare |
| North Weeki Wachee | 7,967 | $63,235 | $286,900 | Compare |
| Fruitland Park | 8,482 | $78,359 | $375,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Odessa With Other Cities
Frequently Asked Questions about Odessa
What is the population of Odessa, FL?
The population of Odessa, FL is 8,170 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Odessa?
The median household income in Odessa, FL is $116,870 per year, which is 56% above the national median of $75,149.
What is the median home value in Odessa?
The median home value in Odessa, FL is $503,400, which is 106% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Odessa?
The median monthly rent in Odessa, FL is $1,620, which is 39% above the national average of $1,163/month.
What is the unemployment rate in Odessa?
The unemployment rate in Odessa, FL is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Odessa, FL a good place to live?
Odessa offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,170 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Odessa, FL?
50.4% of residents in Odessa aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Odessa?
Key cost-of-living indicators for Odessa, FL: median home value is $503,400 (106% above national), median rent is $1,620/month, and median household income is $116,870. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Odessa?
The poverty rate in Odessa, FL is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Odessa, FL?
Odessa's population is 1.2% White, 3.3% Hispanic or Latino, 4.0% Black or African American, 15.1% Asian, and 4.3% two or more races. 14.6% of residents are foreign-born.