The thriving city of Odessa, Texas, has been making waves in the real estate market with its growing economy, rich culture, and stunning natural landscapes. Located in the heart of West Texas, Odessa has become a hub for those seeking a unique blend of urban and rural living. In this article, we will delve into the world of real estate in Odessa, specifically focusing on the 4901 E University area, zip code 79762.
Why Odessa, Texas?
Odessa has undergone significant transformations in recent years, with a booming economy driven by the oil and gas industry. This growth has led to an influx of new residents, businesses, and investments in the area. The city's rich history, cultural attractions, and outdoor recreational opportunities make it an attractive destination for families, professionals, and retirees alike.
4901 E University: A Prime Location
The 4901 E University area is situated in the eastern part of Odessa, near the intersection of East University Boulevard and North Dixie Boulevard. This prime location offers easy access to major highways, shopping centers, and popular attractions. The area is also close to the University of Texas of the Permian Basin, making it an ideal spot for students, faculty, and staff.
Real Estate Market Overview
The real estate market in Odessa has been steadily growing, with a mix of new constructions, resales, and rentals available. The 4901 E University area is no exception, with a range of properties to suit various needs and budgets. From cozy single-family homes to spacious apartments and commercial spaces, the area offers a diverse selection of real estate options.
Types of Properties
The 4901 E University area features a variety of properties, including:
- Single-family homes: Ranging from cozy starter homes to luxurious estates, single-family homes are a popular choice in the area. Prices vary from around $150,000 to over $500,000, depending on the size, amenities, and location.
- Apartments and townhouses: Ideal for students, young professionals, and families, apartments and townhouses in the area offer a range of amenities, including pool access, fitness centers, and community gardens. Prices start from around $800 to over $2,000 per month.
- Commercial properties: The 4901 E University area is also home to a range of commercial properties, including office spaces, retail shops, and restaurants. Prices vary depending on the size, location, and type of property.
Things to Do in the Area
The 4901 E University area offers a range of activities and attractions, including:
- University of Texas of the Permian Basin: Explore the beautiful campus, attend a sports game, or visit the university's museum and art gallery.
- Odessa College: Take a tour of the campus, attend a cultural event, or visit the college's planetarium.
- Ratliff Stadium: Catch a high school football game or attend a community event at this state-of-the-art stadium.
- Dixie Dog Park: Let your furry friends run and play at this popular dog park.
Schools and Education
The 4901 E University area is served by the Ector County Independent School District, which operates several highly-rated schools in the area, including:
- Odessa High School: A comprehensive high school offering a range of academic and extracurricular programs.
- Nimitz Middle School: A middle school providing a supportive and inclusive learning environment.
- Ross Elementary School: A highly-rated elementary school with a focus on STEM education and community involvement.
Transportation and Commuting
The 4901 E University area is conveniently located near major highways, including Interstate 20 and Highway 191. The Odessa public transportation system, including buses and taxis, provides easy access to surrounding areas. The nearby Midland International Air & Space Port offers flights to major destinations across the United States.
Demographics and Community
The 4901 E University area is a diverse and vibrant community, with a mix of young professionals, families, and retirees. The area is known for its friendly atmosphere, community events, and outdoor recreational opportunities.
Real Estate Trends and Outlook
The Odessa real estate market is expected to continue growing, driven by the city's expanding economy and population. The 4901 E University area is likely to remain a popular destination for homebuyers and renters, with its prime location, diverse range of properties, and access to amenities and attractions.
Gallery of Odessa, Texas 4901 E University Real Estate
FAQs
What is the median home price in the 4901 E University area?
+The median home price in the 4901 E University area is around $250,000.
What types of properties are available in the 4901 E University area?
+The 4901 E University area features a range of properties, including single-family homes, apartments, townhouses, and commercial spaces.
What are the top-rated schools in the 4901 E University area?
+The top-rated schools in the 4901 E University area include Odessa High School, Nimitz Middle School, and Ross Elementary School.
In conclusion, the 4901 E University area in Odessa, Texas, is a vibrant and diverse community offering a range of real estate options, amenities, and attractions. Whether you're a first-time homebuyer, a growing family, or a retiree, this area has something for everyone. With its prime location, growing economy, and stunning natural landscapes, Odessa is an excellent choice for those seeking a unique blend of urban and rural living.