Odessa, Texas Short-Term Rental Market Overview

Population: 114,428
Annual Visitors: Still gathering data
Total STRs: 306
ADR: $170.14

Visitor Profile

Odessa, Texas attracts a diverse range of visitors, primarily those interested in experiencing its unique blend of oil industry history, quirky attractions, and scenic outdoor adventures. Visitors often include history enthusiasts eager to explore local landmarks like the iconic replica of Stonehenge or the second-largest meteor crater in the country, which highlight Odessa’s eclectic charm. Additionally, nature lovers and outdoor adventurers are drawn to nearby parks such as Big Spring State Park for hiking, mountain biking, and birdwatching.

For those seeking cultural experiences, Odessa offers a taste of local arts, festivals, and the historic Globe Theatre. Short-term rental hosts should focus on attracting these curious explorers who value authentic Texan hospitality, outdoor recreation, and quirky attractions. A crucial resource for visitors is the Discover Odessa official guide, which showcases the city’s top attractions and helps travelers plan their West Texas adventure.

Top Attractions

Odessa, Texas offers a diverse array of attractions that appeal to a wide range of interests. One of the standout features is its quirky and iconic landmarks, including a replica of Stonehenge at the University of Texas of the Permian Basin and a large meteor crater, which highlight the region’s unique geological and cultural history. The city’s rich oil industry heritage is also celebrated through various local landmarks and museums. For outdoor enthusiasts, Odessa’s cowboy culture and oil rigs provide a distinctive West Texas experience, which is further complemented by scenic parks, family-friendly activities, and historic downtown areas perfect for strolling, shopping, and dining.

In addition to its cultural and historical sites, Odessa is known for its lively festivals, the famous Ratliff Stadium which served as the filming location for Friday Night Lights, and a vibrant arts scene. Whether you’re interested in exploring historic theaters, enjoying local festivals, or engaging in outdoor adventures, Odessa presents an engaging destination that combines small-town charm with big adventure. For families, there are numerous kid-friendly options, making Odessa a well-rounded destination for both relaxation and adventure.

Regulations

Odessa, Texas, features a developing regulatory landscape for short-term rentals (STRs) that reflects a growing need to balance host opportunities with community standards and safety. While the city does not currently have extensive published guidelines readily accessible online specifically detailing STR compliance, hosts should anticipate general considerations around licensing, zoning, occupancy, and tax obligations that are common in Texas municipalities. Given the evolving nature of these regulations and potential local enforcement variances, prospective hosts should approach STR operations with an informed mindset and seek out direct municipal resources to confirm current requirements before listing any property.

Key Regulatory Considerations:

Licensing and Permits: As Odessa updates its codes, hosts may be required to obtain business licenses or permits for STR operation. These processes typically involve application through the city’s official administrative offices, though explicit detailed procedures specific to STRs in Odessa are not prominently posted.

Primary Residence Requirements: There is no clearly defined public documentation specifying whether STRs must be a primary residence in Odessa. This suggests either no such local rule or it is contained within broader zoning or occupancy policies.

Zoning and Location: Current accessible documents do not outline specific zoning restrictions exclusive to short-term rentals, but standard zoning laws in residential and commercial districts may apply. Verification with Odessa’s Planning Department is advisable.

Occupancy, Health & Safety: Generally, STRs must comply with local health and safety standards including fire safety (e.g., working smoke detectors, fire extinguishers) and occupancy limits, but distinct Odessa-specific guidelines are not extensively documented online.

Tax Obligations: Hosts should be prepared to collect and remit applicable state and local sales and occupancy taxes, a common obligation in Texas cities known as the Hotel Occupancy Tax, though Odessa-specific rates and procedures should be confirmed with the city’s finance department.

Operational Standards & Enforcement: Noise, nuisance, and guest behavior regulations applicable to residential properties are likely enforced for STRs as well, but explicit local ordinances dedicated solely to STRs were not found in a direct search.

Given this absence of a detailed, centralized STR regulatory source on official Odessa government websites, it is strongly recommended that property owners directly contact the City of Odessa’s official offices or visit their website for the most accurate and legally binding information. For the most current and legally binding information, property owners should consult the City of Odessa’s Official Website and particularly inquire with the Planning and Development Department as well as the Finance Department regarding STR permits, zoning, and tax obligations.

Odessa, Texas Market Performance Trends

LTM Avg. Daily Rate$156.00
LTM Occupancy Rate62.5%
LTM Avg. Revenue$1,553

Odessa, Texas Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:61.2% Booked
  • 4-6 Months:42.4% Booked
  • 7-9 Months:36.1% Booked
  • 10-12 Months:14.3% Booked

Cancellation Policies

  • Flexible:40.6%
  • Moderate:28.1%
  • Strict:30.7%
  • Super Strict:30.7%
  • N/A:0.5%

Minimum Stay

  • 1 Day:76
  • 2 Days:98
  • 3 Days:42
  • 4-6 Days:22
  • 7-29 Days:25
  • 30+ Days:7

Odessa, Texas Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.84 / 5
  • Cleanliness:4.88 / 5
  • Location:4.84 / 5
  • Value:4.84 / 5
  • Accuracy:4.89 / 5
  • Check-in:4.93 / 5
  • Communication:4.94 / 5

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