Neighborhood in West Odessa, Ector County

Living in Palm Terrace, West Odessa

C+

2nd of 17areas in West Odessa
Overall score 52 of 100 vs Texas neighborhoods
West Odessa overall: F

Palm Terrace is a neighborhood in West Odessa, TX, home to about 1,200 people. It gets a C+, around the middle of Texas neighborhoods, and ranks 2nd of 17 areas we score in West Odessa. It does best on cost of living and worst on schools.

  • Affordable
  • Well connected
  • Short commutes
  • Schools scores low (2 of 100)
  • Errands and things to do scores low (20 of 100)

Closest everyday places

Grocery store1.1 mi
Pharmacy4.5 mi
Park1.3 mi
Cafe2.5 mi
Restaurant0.5 mi
Gym3.4 mi
Hospital or urgent care2.5 mi
Childcare0.8 mi
Library6.7 mi

Straight-line distance from the middle of where people live. Overture Maps.

Population
1,220
Median rent
$840
Median home value
$64,000
Household income
$53,200
Average commute
20 min
Homes owned
83%
Loading map

What it's like to live in Palm Terrace

Palm Terrace is a neighborhood in West Odessa with about 1,200 residents, mostly newer homes (median year built 2014), mostly owner-occupied (83%) and 74% of households with children.

Our grade for Palm Terrace is C+. That puts it 2nd of 17 areas we grade in West Odessa, a city that gets an F overall.

Pros of living in Palm Terrace

No clear standouts in our data.

Cons of living in Palm Terrace

  • Lower-rated schools nearby. Only 0 of the 3 closest public schools are rated A or B.
  • Natural hazard risk. FEMA rates the risk of hail, wildfires and winter storms as very high in this part of town.

Palm Terrace report card

Each grade compares Palm Terrace with every neighborhood in Texas. Safety is not graded for single neighborhoods because police report crime for the whole city.

  • Cost of living: grade A+

    Median rent $840, homes cost 1.2x income.

    99 of 100 vs TX areas

  • Jobs and income: grade B-

    Median household income $53,200, 0% unemployed.

    60 of 100 vs TX areas

  • Schools: grade F

    Nearby schools average 62 of 100 on the state rating.

    2 of 100 vs TX areas

  • Safety: no grade

    No full year of crime data from local police.

    No score vs TX areas

  • Errands and things to do: grade D

    Few everyday stores and services within a mile of homes.

    20 of 100 vs TX areas

  • Getting around: grade C

    Average commute 20 min, 0% work from home.

    48 of 100 vs TX areas

  • Education levels: grade C+

    48% have a bachelor’s degree.

    53 of 100 vs TX areas

  • Health: grade F

    37% of adults uninsured.

    4 of 100 vs TX areas

  • Home ownership: grade B

    83% of homes owner-occupied.

    68 of 100 vs TX areas

  • Internet access: grade A

    100% of homes have broadband.

    91 of 100 vs TX areas

Palm Terrace compared with West Odessa

Better than West Odessa

  • Adults with a bachelor's degree or higher: 48%30 points higher than West Odessa (18%)
  • Renters paying 30%+ of income on rent: 0%25 points lower than West Odessa (25%)
  • Homes with broadband internet: 100%18 points higher than West Odessa (82%)

Worse than West Odessa

  • Median household income: $53,20018% lower than West Odessa ($65,234)
  • Adults 18 to 64 without health insurance: 37%4 points higher than West Odessa (33%)

Closest public schools

Texas Education Agency 2025 ratings. Check the attendance zone for any address with the district.

  • DLauro Cavazos ElementaryElementary, Ector County ISD0.6 mi
  • FCrockett MiddleMiddle, Ector County ISD4.9 mi
  • DOdessa High SchoolHigh, Ector County ISD6.2 mi

Cost of living in Palm Terrace

Median rent in Palm Terrace is $840 a month, 6% lower than the West Odessa median. A household would need about $34,000 a year to keep that rent at 30% of income.

The median home is worth $64,000, 49% lower than the West Odessa median, which means a monthly payment of about $458 with property tax at today's mortgage rates.

MeasureHereWest OdessaTexas
Median rent6% lower than West Odessa$840$891$1,403
Median home value49% lower than West Odessa$64,000$126,300$283,800
Home value to income37% lower than West Odessa1.2x1.9x3.6x
Renters paying 30%+ of income on rent25 points lower than West Odessa0%25%52%
Homes owned by the people living in them8 points higher than West Odessa83%75%63%
Vacant homes2 points lower than West Odessa5.2%6.9%9.4%
Median year homes were builtAbout the same as West Odessa201419901992

Monthly cost to buy a median home

$458
Mortgage payment
$350
Property tax
$108
Median rent, for comparison
$840

Based on a $64,000 home in Palm Terrace, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median for the surrounding Census tract, or the county where that is not published. Insurance and fees are not included.

Work, income and getting around

MeasureHereWest OdessaTexas
Median household income18% lower than West Odessa$53,200$65,234$78,476
Unemployment rate6 points lower than West Odessa0%6.0%5.3%
People below the poverty line10 points lower than West Odessa6.5%17%14%
Adults with a bachelor's degree or higher30 points higher than West Odessa48%18%34%
Average commute41% lower than West Odessa20 min34 min27 min
Workers who work from home3 points lower than West Odessa0%3.2%14%
Workers who walk, bike or take transitAbout the same as West Odessa0%0.7%2.6%
Homes with broadband internet18 points higher than West Odessa100%82%91%

Natural hazard risk

FEMA National Risk Index for the Census tracts in this area.

  • River floodingHigh
  • HurricanesLow
  • TornadoesHigh
  • HailVery high
  • Heat wavesHigh
  • WildfiresVery high
  • Winter stormsVery high
  • Strong windVery high

Who lives in Palm Terrace

Under 1836%
18 to 3439%
35 to 6424%
65 and over0.8%
Race and ethnicity
White59%
Hispanic or Latino41%
Black0%
Asian0%
Other or more than one race0%

Shown for information only. It is never part of any grade.

Other neighborhoods in West Odessa

  1. 1B-BriarwoodMedian rent $1,280
  2. 3C+Frontier West AdditionMedian rent $1,270
  3. 4C-Town & Country AcresMedian rent $760
  4. 5D+HoldridgeMedian rent $760
  5. 6D+West Concho Estates
  6. 7D+Muriel AcresMedian rent $1,250
  7. 8DCasityMedian rent $1,280
  8. 9DKnox Village Estates

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. CValley Ranch EstatesOdessa
  2. C+East JacksonvilleJacksonville
  3. B+Palm HarborRockport

Questions about Palm Terrace

Is Palm Terrace a good place to live?

Palm Terrace is a neighborhood in West Odessa, TX, home to about 1,200 people. It gets a C+, around the middle of Texas neighborhoods, and ranks 2nd of 17 areas we score in West Odessa. It does best on cost of living and worst on schools.

How much does it cost to live in Palm Terrace?

Renters in Palm Terrace pay a median of $840 a month, 6% lower than the West Odessa median. The median home is worth $64,000, 49% lower than the West Odessa median. A median home costs 1.2x the median household income, compared with 1.9x across West Odessa.

What schools serve Palm Terrace?

The closest rated public schools are Lauro Cavazos Elementary (elementary, rated D), Crockett Middle (middle, rated F) and Odessa High School (high, rated D). School zones can differ from the closest school, so check with the district.

This area is built from 1 Census block group closest to the Palm Terrace name on the map, so its edges are approximate. Sources: US Census Bureau 2020-2024 ACS 5-year, CDC PLACES 2025, Texas Education Agency, FEMA National Risk Index, Overture Maps. How we grade.